Post
Topic
Board Securities
Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)
by
pedrog
on 28/10/2013, 14:27:46 UTC
they're stubborn either because they've given up hope altogether and have written off their losses, or because they know there's an artificial floor propping the price up for them, and as long as they see bids on the book, they know they have someone else to give their bag to when they get really desperate. (The third alternative is they think Sam's going to pull a rabbit out of his hat in the third act.)
Actually, I'm still holding shares because I am getting an amazing dividend percent after buying dirt cheap when some of my ultra-low bids I placed on btct.co got filled at during the panic sell at the end. Seriously, a few more weeks and I'll have my entire purchase cost of 2 btc paid for.
Relevant part bolded. These dividends cannot be sustained without IMMEDIATE action by Sam to increase hashrate by 30%+ per week.

By the way, (since getting back in at cryptostocks using just a little tip money) I've made over 300% flipping this (which I promptly withdrew to throw at a few more low-hanging AM shares). But no way in hell I'm buying more with the current state of things. Labcoin is so far behind the curve of broken promises, it's laughable.

Well, at least for you Labcoin is good business and we're all very happy for you.