Post
Topic
Board Securities
Re: Lab Rat Data Processing, LLC (LabRatMining) Official Announcement
by
Jolest
on 25/04/2014, 23:30:18 UTC
I sincerely hope I'm wrong, but I see the "choice" LR has given us as a false choice.   Huh

We either accept the change he forced upon us when he went from proportional bonds to fixed bonds (with no contract in the interim) -OR- we accept the new contract with the exact same fixed bonds & a nebulous promise of an optional "bonus".

I reject both options.  Nowhere in any of this were we given the choice of receiving anything like the original proportional bonds.  This is IMHO, an illegal unilateral contract change.  I am not a lawyer, but I do know that even unilateral modifications are not supposed to alter the "material or important terms of the original contract".  Going from the original proportional-shares model to either of the other two options DO constitute important changes in conflict with the original expressed intent of the company.

Give me a contract (and bonds) which honor the original promise of steadily increasing hashrate thru reinvestment.