LRM,
This contract appears only to address the 100MH/s contracts being issued from here forward.
Please tell us how you intend to migrate existing contracts into this contract version. This is a
very clear change in your companies' growth and dividend philosophy. There must be some sort
of grand plan in place to migrate existing contracts to keep your investors as whole as possible
given their initial investments.
Please explain.
Thanks,
Rustyh17
Thank you for the good question.
We far exceeded the hashrate promised on the initial contracts sold. We only promised and estimated 100MH/s and are currently paying out over 300MH/s. For legal reasons we believe there are issues with continued varying hashrate per contract. We have locked it in at the then current rate of 300MH/s, which is 3 times what was ever promised. We wanted to keep growing as you and all of our other contract holders want us to do. Our solution to the growth issue was to offer a new contract for sale that met the current individual contract hashrate of 100MH/s and offered the ability to make special distributions under the new contracts funds permitting. This is not a variable contract, but does offer the opportunity for additional payouts over the 100MH/s while providing funds for growth. Long term sustainability of both LRM and our ability to continue long term payouts to our contract-holders is our paramount goal. The actions we have taken are to meet those long term goals.