I wonder if the Jacobson Brothers backing HashTrade who pre-ordered Monarchs with a $1M down payment read the news.
I love this comment:
Jean-Claude Morin Wrote:
Let me resume.
- The guy start a company (CoinLab) get tons of investor money.
- Strike a deal with Mt. Gox but failed to complete it's part of the bargain so that crashed.
- Change idea and decide to sell mining hardware. Create a new company.
- Get again tons of money from investor.
- Cannot compete with the over saturated market of bitcoin mining hardware.
- Declare bankruptcy
- The company own money to (himself, first company and some guy in NZ (probably the company who was building the hardware).
Investor are dump to trust this guy and they should lose their money and not invest again in this guy.
Almost akin to Jean-Marc Jacobson donating a building in Montreal to himself to house the Bitcoin Embassy.
The Montreal Bitcoin Embassy was first announced on bitcointalk.org around the middle of June and they successfully secured a building in a beautiful section of Montreal and held a meetup 2 weeks ago.