Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)
Ukyo was in the chat later saying he was surprised Labcoin said that, and he seemed a bit puzzled by it. (re: Skype conversation with Labcoin)
The transcript indicates that Sam Noi is a real person that Fabrizio named as a director in his company for the project.
Good, then providing valid ID would be really easy. In fact, it would solve many of their problems instantly. Yet his response to proving his identity was: "We are looking into providing that as an option"
Fabrizia has duped a lot of us, I lost five times as much.
The transcript indicates that Sam Noi is a real person that Fabrizio named as a director in his company for the project.
Good, then providing valid ID would be really easy. In fact, it would solve many of their problems instantly. Yet his response to proving his identity was: "We are looking into providing that as an option"
Honestly, I have lost 20BTC on it and have no bids and will never put bids on it any more.
Fabrizia has duped a lot of us, I lost five times as much.
You can't con an honest man.
It's time to own your personal responsibility for letting greed blind you to the truth.
Many people, myself included, warned you about LABscam (and ActiveScamming).
Our warnings were met with hostility and campaigns encouraging others to Ignore (IE shun) us.
How's that working out for you? 
Do you regret not heeding my advice, and refusing to
What could I have done? They literally said 'we're hashing now, and we will not miss 20 th deployment in the next two weeks'. How can anyone have a chance if they are lied to that blatantly? They even brought out the btcguild ranking to back it up.
That was the blatant lie, that made all the lies after that so easy, for whoever is acting out this farce.
All efforts should be focused on securing any outstanding funds, and tracking real-world people down, or this episode becomes a template for future btc grabs.
Going forward, more KYI (Know Your Issuer) procedures need to be established, with particular attention within an IPO contract, pertaining to 'reporting/updates' and sanctions there-of.