Post
Topic
Board Securities
Re: Lab Rat Data Processing, LLC (LabRatMining) Official Announcement
by
Endlessa
on 11/03/2014, 15:42:38 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.

He also indicated he is having a detailed report on the issue produced and that "I'm doing what's necessary and I believe that the end result will be something everyone can live with."

While it might be nice to have all the information on everything related to LRM the instant it is available, that's just not how business works.  I expect we'll have something concrete within a week or two.


grnbrg.

I have no problem with that.  What I have a problem with is not even getting a general statement of what's going on.  Instead of getting something that sounds like "I'm doing this, for some reasons. TTYL.  something else is going to be happening later.  must talk with lawyers".  Not even Gox was that vague and they have issues well beyond this.  the "more information later" part causes concerns, since the last time that was said (concerning the coinseed hash deal), the questions went unanswered for a huge amount of time, ended with us not even getting a dividend update from LR for about two weeks, and a small paragraph dropping this shit sandwich.