That is how i read it... the hashrate we have in equipment now is all we will ever get... all this new Bitfury equipment WE PAID FOR can only be reaped by purchasing more bonds... essetially LRM will be mining with it all for his own pocket except that portion that someone else pays for as they buy new contracts. WE PAID FOR THAT BITFURY GEAR, IT IS OUR HASHRATE AND LRM IS FORCING US TO RELINQUISH IT TO NEW CONTRACTS ONLY.
Might I remind everybody that we forfeited "two weeks" (in practice it was more than that) of mining dividends
with our new with LRM's purchased Bitfury gear to be used to purchase further hardware. I was of the opinion at the time that it was a mistake but now it's clear that any value gained from forfeiting these dividends is solely at LR's discretion to do with as he pleases. It's also worth noting that because of difficulty the first "two weeks" of dividends were indeed much fatter than any two weeks since.
I for one am not feeling assured. It's more "make it up as we go" methodology.
The contract nails down some specifics but mostly it informs us how screwed we really are.