Topic: Lab Rat Data Processing, LLC (LabRatMining) Official Announcement - page 208. (Read 452224 times)

EXACTLY! 7 cents on a transaction of 17 cents is insane (a single share)! Is the official policy of LRM that investors only count if you have >$1000 invested? If so, are there plans to merge shares to reduce dust payments?

Another option, see:

LabRat are you still in contact with KNCminer ?

I'll make a public list as soon as I go through and verify all of them with ones that were successfully or unsuccessfully verified.  I should be able to do this tonight.

Blowing a lot of this out of proportion. Last week was THE ONLY week you'll see a 0.025 fee, and BTC0.0005 is about $0.07.  If you think 7 cents on a transaction up to ~$1000 (approx what the highest bondholder was paid last week) is high.  Go back to PayPal.

It's great that you responded anything in this thread, thanks for that.

Are going to make a public list with the assets/addresses confirmed? So we know that you got our mails, signatures, etc.



No, just before Nov 7th, quoted from here:

Yeeesss ^^

Thank you LabRat
(my ulcer is disappearing lol)

confirmed, yours and about 84 others.

Yes, and it's going to be in the next couple days I make payment to BitFury so this helps a lot.

I'm working on it.  There's still 3 weeks.  I feel that's plenty of time.

To anyone who is waiting to send a signed message to me, you may send it now as I'll be checking the amount of bonds you hold to verify the amount you sent in the signed message once the final asset list is collected.  I'll accept signed messages now.

Thank you for recognizing this.  I'm working on the best way to get things set up and I believe I've found it.  I'm meeting with Dave in person tomorrow or Friday to work out a deal.

There was a holiday that affected the assembly of units in Asia for BitFury so Dave expects to get some hardware next week from what I've heard.  I'll be getting some of that.  The rest of the deal is not worked out, but more news will come on this.

"What else do you expect him to do?"

I expect crytal clear communication, not more, not less.

Situation is complex.
Even complex if no or bad communication. (LabRat have a good communication, is a good point)

I'm just worried about email confirmation, nothing more.

Thanks.

What else do you expect him to do? Your investment is YOUR responsibility to watch and maintain. You don't pay a broker to do that for you (Yet).

It's not like Lab Rat said Hey Ukyo, time to shut this thing down so I can weasle some shares out of people.

There's a lot of whining going on in bitcointalk.org land, less understanding of current situations, and even less brain power to come to logical conclusions.

That last statement is a broad one and not directly stated at you fractal, but it's time people took responsibility. Some complaints are valid (Like the Share Fee) but most are just people clawing and scratching at the uncertainty of their unregulated shares/bonds.

Here : https://bitcointalksearch.org/topic/m.3337162


"If you do not verify ownership of your bonds via this method by Thursday, Nov. 7th, your bonds and accrued dividends will be absorbed by LRM."
How cool...

Where's the offical msg about this? I'm not finding it, it should be linked it in the first page.

Do i need to send the mail with verified message only between 22 Oct and 24 Oct or it's OK to send before (i already send, not interested in selling or buying for the moment...)

And LabRat would confirm the reception of the mail (and message validity ) or not ?

I don't want to see my shares lost...

see my post as to the mathematical projections. That math explains that the drop could have happened without btifunder's problems if investors lost faith in LRM.

In addition to that math (disclosed hashrate projects and difficulty increases) there are big fundamental changes that make people feel different about the potential:
1) people less than 20 shares no longer receive dividends. that is temporary, but such a decision caused a large loss of confidence in management. The shares are worthless without reliable dividends.
2) everyone else has to pay a new fee of a minimum 0.025 per account, perhaps as much as 0.075 per account. again temporary, but investors think it is outrageous and no longer want to be a part of it.
3) transaction fees now have to paid for by investors, and are projected to be 0.0005 per account per week. Small, but investors are losing faith.

Since there are no financial disclosures, board of directors, or real assets, this entire security is based on "trust that zach will buy the right hardware and keep paying dividends." Once the trust is gone, the security isn't based on anything.

EDIT: Although illegal if this was a real security, one could imagine implementing 1-3 above to purposefully drive down the price so you can buy back the proceeds from the hardware yourself. That would be brilliant! Make other people buy you hardware and promise them the proceeds, then drive down the exchangeable price of the hardware, the buy back the rights to dividends below the cost of the hardware!

Is there a way we can trade shares outside BitFunder?

I created this GDocs to do that just in case.

Anyway, I'm willing to sell 130 LRM shares at market price, around 0.07-0.08 BTC. If anyone interested, just PM me.

@LabRat : email sent, please confirm.

Pretty sure a VPN would work for the next couple of weeks - costs about $100. I have used StrongVPN in the past for different reasons ( I am not U.S. based) and they were very good. Although if you have already logged in from the U.S. previously it's possible your account is already tagged U.S. but I highly doubt it.