Quote from: Lab_Rat on March 10, 2014, 07:07:31 PM

Quote from: electerium on March 10, 2014, 07:03:19 PM

Quote from: Lab_Rat on March 10, 2014, 06:56:20 PM

Quote from: rustyh17 on March 10, 2014, 06:49:00 PM

Quote from: Lab_Rat on March 10, 2014, 06:42:07 PM

This is way too true. The only issue is that if I paid out all of Z, I would be in a lot of red....

The Z amount would, of course, be less the agreed percentage that LRM would have kept
per the terms of the original contract.

The original contract did not specify an amount that LRM is using to operate the company. I decided a 75/25 split sounded appropriate at the time, but that number can't last forever as LRM's costs are fixed and income is exponentially decreasing. At some point even with the previous payout plans it would have had to eventually change.

Despite this fact, as I've stated countless times. This is an immediate fix with benefits going out to contract-holders undetermined at this time.

So which is it? LRM is unsustainable at 75/25 or that "US laws" made your LLC change its terms?

The 75/25 split would have been fine most of the way through 2014, not an immediate issue by any means. The legal issues requiring changes and clarification on the other hand is. More is coming on this....

with or without the incoming 150THs?

I actually support you for doing this. When I started browsing these forums I quickly realized that there were two kinds of bitcoin entrepeneurs and ceos.

the ones who thought long term

and the ones who just wanted a quick infusion to get by the next 12 months.

My advice is to just shut up until you have everything nailed down with your lawyers. Stop posting and giving information in piecemeal. When you come back, post those terms and let people digest it.