Quote from: Flashman on April 29, 2014, 05:07:46 PM

Quote from: tabbek on April 29, 2014, 04:12:42 PM

Quote from: bobfranklin on April 28, 2014, 02:52:35 AM

Quote from: tabbek on April 28, 2014, 02:25:27 AM

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He's gonna have a hard time making it clear to SEC since he listed this in securities and called them "bonds" which are 1st tier capital investment.

If we were really just customers he would have stuck it in services. "LRM 0.5 BTC a gigahash plus mystery secret squirrel bonus" which probably would be sitting 500 pages back with no replies.

Plus then if you're trying to clear up the fact that your "victims" have no stake, going and calling it a "Group Buy" will not be seen as mitigating of the claim by the judge.

If this was even done as a "kickstarter" with 100% donations to gift a pile of mining hardware to Zach just because we like him, he would at this point be liable for breach of donor intent, which charities and non-profits have been heavily punished for recently.

So don't let him spin anything after the fact, he's got something of yours and owes you an obligation for it.

This is the heart of it. I'll take my initial investment back please since the original agreement for which it was provided was canceled by LRM, at LRM's choice. Not mine.
And no, I don't see a contract as a 'modified' version of the original. A contract is what it is when both sides agree to it. you can draw up a new contract that supersedes the original, but the original still exists.