Post
Topic
Board Securities
Re: Lab Rat Data Processing, LLC (LabRatMining) Official Announcement
by
tar_meneldur
on 25/10/2014, 17:50:59 UTC
Oh, boy.  BFL blames the customers as part of their defense.
http://www.coindesk.com/butterfly-labs-urges-court-dismiss-ftcs-self-serving-fraud-charges/


Classic. BFL must stand for Blame Foolish Losers. In other words blame the people they made losers by over promising and under delivering.

Edit: I read the article and I'm not seeing how they're blaming the customers in this instance. I'm keeping my comments above because BFL has a history of casting blame to anybody but themselves.

What I was referring to was this: BFL argues that "...no reasonable bitcoin-mining consumer could have concluded that anticipated shipping date and product development representations made by the company were either material or misleading.
BFL argued that reasonable investors should have anticipated possible delays or unforeseen product developments, citing several precedents involving tech companies. The company maintained that it merely disclosed the status of products under development and that its "shipping date and product development representations were immaterial and not misleading as a matter of law"
"

So.. sounds to me that they are arguing that all those promises and delivery date changes should not have been trusted, and if we did, we were not "being reasonable".