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Topic: Lab Rat Data Processing, LLC (LabRatMining) Official Announcement - page 14. (Read 452224 times)

full member
Activity: 140
Merit: 100
Funny, you're angry now because people talk and we're angry because you don't.

What about you explain things in a much more often and in detail first, from your comment about not reading the lawsuit just shows how much you care about this bussiness.

AntMiner and Spondoolies have similarly priced hardware at similar power cons so I've looked into both as they both have Oct delivery dates as of this time.

To any conspiracy theorists out there claiming I have blown the BFL refund or it doesn't exist, please remove yourself from these forums and go bother someone else.  It was guaranteed by the end of the month but I'll be bugging them for it tomorrow as the sooner the better.  I also feel that they are going to try to royally screw us on the BTC rate so I may have to go after them on this.
hero member
Activity: 599
Merit: 502
Token/ICO management
Thank you Endlessa for all the documents and search you made.

I'm going to read all this stuff.

NP Smiley I just think it's fair that everybody have a chance to understand what's going on.  At least the public records part, since neither of the parties can talk about it, for obvious reasons.  The links were ones I mostly made while I read through it the first time so I could parse the document within some kind of legal context.  If anybody has better ones, please share with the class Smiley

What did these cost you?  I'll chip a couple of mBTC if you want to post an address....



grnbrg.
was a 10 dollar deposit of which it took 3 dollars to get these out. . .no worries Smiley I'll just go hungry one breakfast this week  hahaha Smiley jk Smiley it's all good.  I just did it for myself regardless and figure since it's public domain and people asked I should share
Yes, thank you Endlessa!  I agree with grnbrg on this.

My lawyers had copies of the docs shortly after it was filed, but I had no opportunity to see them until about an hour after they were posted publicly.  Nothing to hide from or be surprised by in those docs.
hero member
Activity: 599
Merit: 502
Token/ICO management
AntMiner and Spondoolies have similarly priced hardware at similar power cons so I've looked into both as they both have Oct delivery dates as of this time.

To any conspiracy theorists out there claiming I have blown the BFL refund or it doesn't exist, please remove yourself from these forums and go bother someone else.  It was guaranteed by the end of the month but I'll be bugging them for it tomorrow as the sooner the better.  I also feel that they are going to try to royally screw us on the BTC rate so I may have to go after them on this.
jr. member
Activity: 62
Merit: 1
Thank you Endlessa for all the documents and search you made.

I'm going to read all this stuff.

NP Smiley I just think it's fair that everybody have a chance to understand what's going on.  At least the public records part, since neither of the parties can talk about it, for obvious reasons.  The links were ones I mostly made while I read through it the first time so I could parse the document within some kind of legal context.  If anybody has better ones, please share with the class Smiley

What did these cost you?  I'll chip a couple of mBTC if you want to post an address....



grnbrg.
was a 10 dollar deposit of which it took 3 dollars to get these out. . .no worries Smiley I'll just go hungry one breakfast this week  hahaha Smiley jk Smiley it's all good.  I just did it for myself regardless and figure since it's public domain and people asked I should share
Yes, thank you Endlessa!  I agree with grnbrg on this.
hero member
Activity: 509
Merit: 500
Official LRM shill
was a 10 dollar deposit of which it took 3 dollars to get these out. . .no worries Smiley I'll just go hungry one breakfast this week  hahaha Smiley jk Smiley it's all good.  I just did it for myself regardless and figure since it's public domain and people asked I should share

Ah, cool.  I would have guessed $10 per document, or something like that.  Smiley  Because lawyers.

Thanks for sharing.



grnbrg.
sr. member
Activity: 335
Merit: 250
Thank you Endlessa for all the documents and search you made.

I'm going to read all this stuff.

NP Smiley I just think it's fair that everybody have a chance to understand what's going on.  At least the public records part, since neither of the parties can talk about it, for obvious reasons.  The links were ones I mostly made while I read through it the first time so I could parse the document within some kind of legal context.  If anybody has better ones, please share with the class Smiley

What did these cost you?  I'll chip a couple of mBTC if you want to post an address....



grnbrg.
was a 10 dollar deposit of which it took 3 dollars to get these out. . .no worries Smiley I'll just go hungry one breakfast this week  hahaha Smiley jk Smiley it's all good.  I just did it for myself regardless and figure since it's public domain and people asked I should share
hero member
Activity: 729
Merit: 500
I assume there is no BFL refund.  It was either never made, or it was spent on something else.
hero member
Activity: 504
Merit: 500

With 137Th you should have made ~ 17.66 BTC this week. You paid out  8.56 BTC leaving 9.1 BTC for management fees, power, etc.


Wasn't 25% expense at start ?
Cause...yeah numbers don't run here...

17 BTC * 0.75 = 12.75BTC and not ~ 8.57BTC

Is the BFL refund go to new Gear only for LRM or maybe we will see some of the HASH in our futur div's ? (because 6.51BTC is like, for this week, the result of 50 TH/s and not 120 TH/s...).

I know you have expense but it's looking far superior from 25%...
donator
Activity: 1057
Merit: 1021
Distributions paid

Mined: BTC2.058433
Per Contract: BTC0.00001154
   
Bonus: BTC6.51259989
Bonus Per contract: BTC0.00003652


With 137Th you should have made ~ 17.66 BTC this week. You paid out  8.56 BTC leaving 9.1 BTC for management fees, power, etc.

At this rate, after a few more difficulty increases, there won't be anything left for distributions.

You should take the 300-400BTC you are getting back from BFL and either pay it out as distributions or buy 500-700 Antminer S3+'s.


hero member
Activity: 599
Merit: 502
Token/ICO management
Distributions paid

Mined: BTC2.058433
Per Contract: BTC0.00001154
   
Bonus: BTC6.51259989
Bonus Per contract: BTC0.00003652
hero member
Activity: 509
Merit: 500
Official LRM shill
Thank you Endlessa for all the documents and search you made.

I'm going to read all this stuff.

NP Smiley I just think it's fair that everybody have a chance to understand what's going on.  At least the public records part, since neither of the parties can talk about it, for obvious reasons.  The links were ones I mostly made while I read through it the first time so I could parse the document within some kind of legal context.  If anybody has better ones, please share with the class Smiley

What did these cost you?  I'll chip a couple of mBTC if you want to post an address....



grnbrg.
sr. member
Activity: 473
Merit: 250
According to Zach the retainer has been paid so that should be it as far as bonus stealing goes.

Now you just sit back and wait 6-12 months and see how much Zach/LRM gets fined.
hero member
Activity: 504
Merit: 500
Soo...today Bonus or not Bonus ?
full member
Activity: 140
Merit: 100
Thank you very much! I'll read them carefully tonight!

You're the best!
sr. member
Activity: 335
Merit: 250
Thank you Endlessa for all the documents and search you made.

I'm going to read all this stuff.

NP Smiley I just think it's fair that everybody have a chance to understand what's going on.  At least the public records part, since neither of the parties can talk about it, for obvious reasons.  The links were ones I mostly made while I read through it the first time so I could parse the document within some kind of legal context.  If anybody has better ones, please share with the class Smiley
hero member
Activity: 504
Merit: 500
Thank you Endlessa for all the documents and search you made.

I'm going to read all this stuff.
sr. member
Activity: 335
Merit: 250
Just as some helpful urls and to save you some time looking it all up.

Here's a list of the counts and the referenced law (if any) in the Header (for those I found)

COUNT I - VIOLATION OF 17 C.F.R § 240.10b-5
http://www.law.cornell.edu/cfr/text/17/240.10b-5

COUNT II - VIOLATION OF THE FLORIDA SECURITIES AND INVESTOR PROTECTION ACT FLA. STAT. § 517.301
 http://www.leg.state.fl.us/Statutes/index.cfm?App_mode=Display_Statute&Search_String=&URL=0500-0599/0517/Sections/0517.301.html

COUNT III - COMMON LAW FRAUD
http://www.mitchell-attorneys.com/legal-articles/common-law-fraud/

COUNT IV -  NEGLIGENT MISREPRESENTATION
http://www.fraudlaw.org/Definitions%20and%20concepts/Law%20by%20Topic/Negligent%20Misrepresentation/Negligent%20Misrepresentation.htm

COUNT V - FRAUDULENT INDUCEMENT
http://www.wisegeek.com/what-does-fraudulent-inducement-mean.htm

COUNT VI - BREACH OF CONTRACT
http://en.wikipedia.org/wiki/Breach_of_contract

COUNT VII - UNJUST ENRICHMENT
http://en.wikipedia.org/wiki/Unjust_enrichment


DISCLAIMER: This is not legal advice (always consult a lawyer for that kind of thing, I am no lawyer) and only presented for the sake of discussion and to help other with a cursory understanding what the claims being made mean.  
sr. member
Activity: 335
Merit: 250
Would you be so kind to share the documents online for all us to see?

Took me a couple of days to find the time and a site that didn't try to compress the images (they are apparently scanned documents), but here they are.  

DISCLAIMER: These are provide for discussion purposes and I do not validate them or represent them to be anything except what I downloaded from the government pacer database and are, by my understanding, what is currently filed with the court. I have nothing to do with the filing of these documents or the accuracy of them.

The Complaint against: LRM
https://byteshot.com/AgLMlQ/

Exhibit 1:
https://byteshot.com/zjkJpS/

Exhibit 2:
https://byteshot.com/vnZR23/

Summons:
https://byteshot.com/mqNnMO

Civil Cover Sheet:
https://byteshot.com/giVM4Z




Discuss Away!
sr. member
Activity: 473
Merit: 250
...

As per the bonus, that was not a regular thing, just the fact that a retainer had to be put up for lawyers to handle the case and that was not built into the operating budget.

...


So, I was correct then.  Your retainer was paid for, in some part, with the bonus that would have otherwise gone to the very people the suit alleges you harmed.




Whilst you are correct and it is annoying - it is also unsurprising and something everyone should have expected if a case was ever filed vs LRM. Nobody should be feel wronged by divs being used to pay a retainer, since you expressly agreed to it in both contracts. There are many things to be pissed at zach for but that is not one of them.
member
Activity: 116
Merit: 10
...

As per the bonus, that was not a regular thing, just the fact that a retainer had to be put up for lawyers to handle the case and that was not built into the operating budget.

...


So, I was correct then.  Your retainer was paid for, in some part, with the bonus that would have otherwise gone to the very people the suit alleges you harmed.


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