Post
Topic
Board Securities
Re: Lab Rat Data Processing, LLC (LabRatMining) Official Announcement
by
Endlessa
on 10/03/2014, 12:18:33 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.
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.

If you structure this company properly with non-voting shares there is no issue, that I'm aware of, with continuing the promised payout structure and you maintain control of the business decisions.  please stop pretending your only choice is to screw us out of future growth or address in a reasoned manner why this is not the case.  If this has been going on for 2-3 months, then why did you continue to pump and dump more shares on people without full disclosure?  i.e. give false hope with growth announcements and issue more shares knowing this was coming.  you have yet to convince anybody this is less than bullshit by providing rational reason for changing the payout structure or citing any specific legal reason for a change in terms.  If you knew this change was coming for 2-3 months (since december) and continued to sell bonds and represent the company under the terms you knew were unenforceable and inaccurate, I find this highly fraudulent imo.  There's no form of LLC that protects you in this situation.  I also find it suspicious that this occurs right after forming partnerships and increasing your own hashrate by 10x what it is now.  I suggest reconciling this properly. There is no part of our agreement that allows you to magically change the terms of ownership.