Ok... my take is that lots of promises were made but he couldn't deliver. On purpose? Maybe yes, maybe not. If you look at other ASIC companies they ALL had issues and delays too.

The reason for the poor communication and poor management? It's a SINGLE guy doing Labcoin as a side project. Is it wrong to do this as a side project? Maybe yes, maybe not.

Lots of promises were made... but the guy did show up. Late as usual, but he did.

So my veredict? I think before the chat there was a 5% chance of Labcoin turning things around, that chance is now 15%. But that's my opinion of course.