Post
Topic
Board Securities
Re: Lab Rat Data Processing, LLC (LabRatMining) Official Announcement
by
||bit
on 10/03/2014, 06:48:50 UTC
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.

I don't understand. Where was there a moral vs. legal dilemma?

Legally, per documented oral agreements, you owe investors dividends that grow with the company. Nobody has been provided any legal documents produced by your lawyer. All that has been communicated is found in the forum. Some was on your website, but that has been modified greatly. The forum communication acts as an oral agreement, and it essentially translates to mean dividends per contract will grow with the company growth. And I don't think any bond holders actually care if you call them bonds or contracts or chicken-pot-pies, or whether you multiply to split bonds/contracts as the company grows to keep the dividend on par with the original bonds....as long as people receive the percentage that continually represent the same percentage of total mining hashrate per bond - as per the documented agreement in the forum - then I doubt you will get much of a complaint, if any.

Anyway, there is no moral v. legal dilemma found there.

Unless, you are referring to a kind of dilemma, like not communicating to people on this forum about stuff they would need (or really want) to know, but where you felt it was not ready officially.