Post
Topic
Board Securities
Re: Lab Rat Data Processing, LLC (LabRatMining) Official Announcement
by
runam0k
on 11/03/2014, 13:43:22 UTC
No he didn't.  He said he'd attempt to find a way to benefit us.  Maybe he'll offer us a 25% discount on future bond purchases.  That would also qualify as an attempt to benefit us.  As of right now he has not once said he would honor the original agreement of our shares growing proportionally with the company's hashrate.
You are right, but he has acknowledged several times that the change made is a temporary fix and that "the specifics of the payout moving forward is being worked on".

LR could turn around and offer us 25% and that's when we, collectively, would take action.  There is zero doubt that we all based our investment decision on the promise of proportional BTC returns based on reinvestment and increased hashrate.  We know it, LR knows it and his lawyers know it.  They just need to work out a compliant way of achieving that and if they can't then something needs to change or the operation needs to be liquidated.

Let's see what they come up with.