Quote from: runam0k on March 16, 2014, 09:51:22 AM

Quote from: daemonfox on March 16, 2014, 01:02:42 AM

So that leaves us where...?

Doesn't it leaves us with a contract for a percentage of BTC mined, with terms relating to costs, expenses, reinvestment and whatnot?

EXACTLY! Glad someone else picked up on that, since I was purposefully going for the "not gonna spell it out for you" tense.

As LR already stated, these are contracts for a given amount of services from a Data Processing firm... and legally, I think that makes the mining portion of what we hold impossible to be a percentage and must be a fixed rate.

Now, what that means for our "contracts" is that we own TWO things... A PARTNER/OWNER CONTRACT (singular) that guarantees us the right to multiple MINING SUBCONTRACTS at the value of 100 MH/s and that as hardware is purchased with our investment funds in LRM, the moment those machines go online, each of our PARTNER/OWNER contracts is awarded an increasing number of subcontracts to match the hashrate to 100 MH/s contract ratio of those machines.

Getting that into legalese AND have the whole thing fit within coming laws and regulations is going to take time... getting your panties in a bunch (love you Endlessa so not aimed at you lol) and threatening to lawyer up is premature. Promising to get your ducks in a row, start documentation and setting certain actions and people in to motion on the other hand is completely warranted. Starting a lawsuit now is like asking LRM to empty the funds WE provided into a lawyers pocket for no good reason, while doing your due diligence to prepare should such action be needed is definitely something we should all do.