Post
Topic
Board Securities
Re: Lab Rat Data Processing, LLC (LabRatMining) Official Announcement
by
BKM
on 09/03/2014, 03:30:16 UTC

I've read over the OP a few times now, and I just can't see what the issue is.  100 is specified as the bare minimum.  It also says that the intent was to increase value of the bonds by adding hashrate.

We've exhausted the analysis of the known info and are venturing into speculation now, but it would seem for whatever reason, LR has assigned a fixed 100MH to each bond since that was the minimum promised, then provided a three for one split because that roughly represents the amount of hardware in hand and active now minus the 25% portion for cost of running the company.

It would stand to reason, one of two things happens now:

Hardware comes in, new 100 MH bonds are issued for sale, existing bondholders are stuffed and see their holdings decline in value every 2016 blocks.
or
Hardware comes in, additional splits occur to bring existing bondholders up to their fair share of 100MH bonds for the new hardware.

I'm really really hoping it is the latter.  I would be okay with bond splits.

I appears that I may have misunderstood the intent of the OP as well. If it is the case that new 100 mh/s bonds will be issued for all new hardware that comes on line then I would be fine with that approach.

Zach, please take a moment to clarify this point......