My last post on this topic-
This is a new industry, this company had 5MILL in it not 1MILL, this type of 'early adopter fraud' will be used for a test case, to set a standard. This type of event is EXACTLY what the authorities will be looking for to set a line in the sand. This will be used as a warning for future operators.
I tend to agree. This isnt so much about labcoin specifically as it is about "bitcoin stocks" in general. Its only a matter of time before the SEC and other authorities will set the record straight on what is and what isnt allowed. Burnside made it clear he considers himself in serious trouble, and I wouldnt be surprised if his asicminer PT is causing him more trouble even than btcst itselve. He advised everyone else involved in these assets to seek legal counsel. No one seems to be taking that seriously and everyone is just worried about liquidity, stock prices and what exchange to move to next.
Big mistake IMO.