Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)

The money is lost even if it is a ponzi scheme. Their silence speaks volumes. If it were anyone else running a legit operation they would be freaking out about these share prices. They'll let the price drop to 0 and not care when a corporation is supposed to legally profit for shareholders? It doesn't make sense.

You don't know what their scam is in the end. It could just as well be that they have working hardware, but want all the profit for themselves. So they create uncertainty with all their bullshit, suspiciously show very little hashing etc and drive the price down close to zero, then buy up all the shares. And then suddenly, when everyone has completely lost trust and they have 99+% of the shares, they suddenly do start to openly mine and can say "well, we told you all along, you just didn't have trust in us", thus saving themselves from the legal threats. The stock price would shoot up again dramatically and they would have earned millions in share appreciation already, let alone the mining income.

I don't really think that is the scam they're doing, but it could just as well be. All that I'm practically sure of is that they are doing a scam, whatever the exact scheme might be.

Just get out of this mess and buy yourself some safe and reliable ASICMINER.

well...what you said is exactly the same as what I thought

This is what I said last week

Quote from: well.attenuated on September 18, 2013, 05:12:40 PM

I predict bad/non-news.

I think they have functional hardware and are working on getting it up and running. I think they don't care about share price staying up; in fact, i think they are trying to keep/bring it down with these terrible announcements. They almost comically contain no relevant content and always come out at the last possible second. The announcements are also very efficient at moving the price of the stock. I think LC believes in their company and is trying to acquire more of it "in-house" with these swings. That's why they haven't sold any shares but haven't locked them with Burnside as to maintain speculation and price swings. Not until more of the company is self acquired will we see real progress in these announcements, and they will have built a large company off a free loan in the form of their IPO.

I think holding for the long term will be rewarded but there could be some incredible downward swings in the meantime as stronger and stronger hands are shaken out by worse and worse news.