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.
I think its more like 50%, the guy is going to send kit to the 7, he is willing to take on a board of shareholders & if he cant fix the issue through outsourcing he will reach out to the community, im buying more - Fuck it, 20TH is worth 5 X what we are @ now