Quote from: bitmoon on November 06, 2013, 09:45:11 PM

Quote from: jasonstx on November 06, 2013, 09:33:08 PM

If I wanted to make a load of BTC, I would do exactly what he has done.... except I would then have a 3rd party buy up all those shares at .0001.

I would hand over control of labcoin to someone more respectable and have them immediately pay out a massive dividend. I would publicly admit that I was holed up and on a bender and say that I am truly sorry. The new owner of labcoin would then keep paying out dividends like they were supposed to and my guess is that after a few weeks, the price of the stock would go up. At that time, have the 3rd party sell the shares and pocket the profit of a share that went up 10000%.

At least, that's how I would play the long con.

why talk like that?

if scammers are successfull, they can shower with ill gotten money, but in next life you are doomed heavily, u know

I posted that as an example of a long con. Also it means that there is a slight possibility that everyone's shares could possibly be worth something in the future. I am in the same boat as everyone else... though I own a ridiculously low amount (203 shares). Based on current fiat rates, I lost a cup of coffee on labcoin. As for the people that lost more than I, I feel for you.

My guess is that 95% of the group buys/business propositions/etc. have someone who is getting a taste of the action. Either the negotiated price is slightly lower than what the group pays, or they are gaining interest on deposits waiting for purchase. It happens. The fact is, don't trust anyone with anything more than you are willing to lose.

jasonstx

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