Have you notified Lab_Rat that you wished to convert to the new contract?


grnbrg.

:sigh:

Email labrat@labratmining.com (from a previously verified address) and state that you want to convert.

Or PM me a signed message stating the same thing, and I will make sure Zach gets it.



grnbrg.

PS:  For the love of the FSM, verify your signature.  I have to have probably upwards of 30% of the signed messages I get redone, because they don't verify....

I got .000666 BTC per bond.
srsly

From the past few days experience.  There is no way to answer questions on here reasonably as text becomes misconstrued and the individuals here are either looking to pick a fight or have been screwed over by too many people in the BTC community.  If you would like to email me, feel free at labrat@labratmining.com and if you would like to request a call feel free to do so by the same means.

It appears that the only way to attempt to gain the trust of those who will not listen is to just show people how it's going to be.  Please note that the Bonus will be paid out to all people who have transferred to the New Contract on May 10th and any and all Bonus that has accumulated or will be earned in the future will not be held for any individual.  You will begin receiving the Bonus at that time (if you have already accepted) or the time of your acceptance (if later than May 10th) of the New Contract.

I will be providing a link to the Old Contract exactly as it has existed since the beginning of the company via email, the website, and these forums as well as a transcript of the AMA and a link to the New Contract as soon as they are all prepared.

From the past few days experience.  There is no way to answer questions on here reasonably as text becomes misconstrued and the individuals here are either looking to pick a fight or have been screwed over by too many people in the BTC community.  If you would like to email me, feel free at labrat@labratmining.com and if you would like to request a call feel free to do so by the same means.

It appears that the only way to attempt to gain the trust of those who will not listen is to just show people how it's going to be.  Please note that the Bonus will be paid out to all people who have transferred to the New Contract on May 10th and any and all Bonus that has accumulated or will be earned in the future will not be held for any individual.  You will begin receiving the Bonus at that time (if you have already accepted) or the time of your acceptance (if later than May 10th) of the New Contract.

I will be providing a link to the Old Contract exactly as it has existed since the beginning of the company via email, the website, and these forums as well as a transcript of the AMA and a link to the New Contract as soon as they are all prepared.

Please tell me where I've said you will not receive benefits of new hardware?

Also please read these statements that were highlighted:

It is intended installments in the operation will continue to occur which will provide more value to the company as well as more value to each individual bond as the company matures.  These expansions, if they occur, will likely grow the company and our mining capacity in size which will provide further expanded payouts in the form of dividends (or increased dividends to investors). It is currently intended a portion of the money the company receives in revenue from bond sales and mining will be used to expand the operation which will further increase dividends per bond.  It is currently intended the company will be adding to the bondholders hashrate on a regular basis as the company expands so one should expect to receive greater dividends than those explained above.

Therefore, Lab Rat Data Processing is amending its variable rate payout with a set rate payout of 100 MH/s per contract. This rate payout shall be for all current contract-holders and all future contract-holders.  Contemporaneous with the change from a varying rate payout to a set rate payout Lab_Rat will triple the amount of contracts held by all contract holders as of the date of March 8, 2014.  Therefore, for all current contract holders on their current contracts, the effective rate will be permanently set at 300 MH/s per contract.  All future contracts purchased will be at the new rate of 100MH/s.

*** The payout was never put in detail in the original contract ***

Please note that even without these guarantees I've still been paying out as much or more than I've voiced.  You are looking for negative when there is none to be found.  I've always gone above and beyond what the contract promised.  All I've done is clean up the new contract, provided additional benefits, and better explain the payout structure.

And to clarify, the majority of the funds that were pulled in were when the bitcoin price was between $80-120, so the millions they'd be worth today was only a few hundred thousand.  On top of this, equipment pricing was much steeper back then.

A little more to grnbrg's post.

The legal side of the contract SHOULD be done this weekend and I will be adding the business side this coming week.  I'm figuring a 2 hour period that I'll give some advance notice to so that people can prepare questions sounds good.  

Please keep your questions specific and your language appropriate and your questions will be answered.  Blanket questions covering broad topics are very time consuming and I would like to get as many answered as possible.

More info by Tuesday.

LRM complies perfectly fine with the IRS. I figured it'd have to be reported this way. There is one thing I didn't expect but it doesn't effect the company as it just doesn't pertain.

I've had 2 long phone calls with my lawyer and things seem to be coming together. Please understand I'm waiting on this too. I don't like being a human punching bag on the forums. If the results of this are not agreeable. Please feel free to sue. Just stop arguing and threatening over conspiracy theories.

P.S.  Be nice to grnbrg. He's always been nice to you guys and he's helped LRM in a couple times of need.