Post
Topic
Board Securities
Re: Lab Rat Data Processing, LLC (LabRatMining) Official Announcement
by
ksenter
on 26/04/2014, 02:50:48 UTC
Even if LR is to be honorable the contract does nothing to assure that he will act in good faith. Initial contracts were sold on the promise of growth. True it was stated that contracts would be worth a minimum of 100MH/s and that benchmark was exceeded given the 3 way split. However, there was consistent representation over time from LR that we were growing to more and more MH/s.

Going back on that representation and not contractually assuring dividends from the growth that WE paid for is a betrayal to the initial contract holders. It betrays us in that the destiny of our contracts was misrepresented over the course of several Months. Our funds are not protected under contract to be used as WE intended under the terms originally agreed upon. It's a bait and switch to lock the hash rate.

This 1000 times.  Many of us would not have continued investing if it weren't for the misrepresentation that the value of the bonds would continue to grow.  To say that you fulfilled your obligation of providing at least 100 mhs is disingenuous at best after spending months telling us about all the hardware that would soon be arriving and the deals you were making to increase the hashrate.