Quote from: BKM on March 08, 2014, 10:47:45 PM

Quote from: Epoch on March 08, 2014, 10:14:38 PM

Quote from: Lab_Rat on March 08, 2014, 08:35:19 PM

Quote from: elitenoob on March 08, 2014, 08:33:36 PM

Quote from: goddardnet on March 08, 2014, 08:31:50 PM

Quote from: Lab_Rat on March 08, 2014, 08:28:21 PM

Again I would like to apologize for this seeming like I'm randomly dropping this out of thin air. I have had morality yanking on one arm and legality yanking on the other for the last 2-3 months. This is not a new development, it is just becoming a finalized one though.

Does Grnbrg know?

Yes, now he knows. I think they will not be anymore best friends Sad

And if he knew...well the word "rat" comes into my mind.

He knew ~ a week ago and didn't sell his bonds behind the scenes. He understands because he knows me well enough to know I wouldn't do this unless I had to.

He didn't sell his bonds because he would have been acting on insider information. Insider trading is illegal. You should know that.

Zach, when you make statements like this it just reinforces the sense that, even after all this time, you are still not treating your LRM responsibilities seriously. This isn't a joke. You are not playing with Monopoly money, sitting across the table with paper cutout dummies. Real people have invested real money with you. They are not some anonymous internet avatars; they are real people with real lives and real families with real bills to pay. They gave you their money because you convinced them to trust you. Now you are telling them they can kiss their investment goodbye.

It is obvious that your investors will never recover their initial BTC investment. Real people have lost real money and value. What are you going to do about that, if anything? You know that the only person who will make out positively from this mess is you. At the expense of everyone else. But you can change that. Nothing (other than personal greed, perhaps) is stopping you. But I guess that knowledge doesn't keep you up at night.

I imagine its kept him up. Regardless of how much sleep Zach does or does not get or how much he really cares, there is always more than one way to solve a problem. One point I need to clarify is that you represented from the outset that LRM's legal counsel advised that its structuring at launch were within statutes. If things have changed, fine. If they have not and you were wrong, you are in a heap of shit and that is truly unfortunate for all of us.

I will add my voice to Epoch's to state that the only reasonable course in this process is to wind up the company rather than spending additional resources trying to fight your bondholders or somehow restructure the deal. All existing and inbound equipment needs to be sold and the proceeds distributed to the bondholders accordingly. Simple is as simple does. Do not try to hold on and fight - move on and lesson learned. Make it clean. Just let go.

I would like to vote for sending HW to bondholders, who want it and then sell everything else. My bonds worth over 1TH by current HW orders have been made. There is no reason to sell just arrived HW. And as i believe, some of BF order should be in LR hand currently, and i mean new order for over 100TH he has told about.