Lab Rat Data Processing, LLC (LabRatMining) Official Announcement - page 224.

mmmerlin

sr. member

Activity: 266

Merit: 250

Quote from: bittymitty on October 08, 2013, 04:59:29 PM

The dividends will be safe however it is going to be very hard to trade without an exchange.

I will make that easy - I will buy any and all bonds for 0.005BTC each.

Just say how many you want to sell, and post it in a message signed with you BitFunder associated address to prove ownership, and then if and when BitFunder shuts down I will pay the BTC and take control of the shares. You will need to email the message to both me and Lab_Rat to confirm the change of ownership though.

The above is somewhat tongue in cheek with the price offered as I don't want to be held to something which I later regret, but the method stands in principle, and I will still happily buy any at that price! Wink

But yes, your point is valid in that it will be hard, just not impossible.

bittymitty

sr. member

Activity: 294

Merit: 250

The dividends will be safe however it is going to be very hard to trade without an exchange.

mmmerlin

sr. member

Activity: 266

Merit: 250

Quote from: bigasic on October 08, 2013, 04:56:50 PM

Im sure lab rat is looking into all possibilities.. rest assured that he has your bitcoin address as to send out dividends. Im sure he will find a solution. I've heard of other exchange sites around. Im sure there has to be one on tor, but technically, what labrat is doing is totally legal. we are private investors in his private company. we dont own any assets.

Zach is a smart guy, no reason to panic...If I could, I be purchasing at the panic sale... He knew that this was a possibility, hence our bitcoin addresses to identify us... Don't panic... It will be okay...

All I heard was panic. PANIC NOW!!!1! Tongue

*gets out bond hoover* - *shlurrrp*

mmmerlin

sr. member

Activity: 266

Merit: 250

Quote from: smracer on October 08, 2013, 04:42:48 PM

Will Labrat transfer our shares to another exchange or something? What is going to happen?

I don't know, but in the mean time I would highly recommend everyone to PANIC SELL - PANIC SELL NOW!!!11!1! Roll Eyes

But seriously, this is just a representation of the shares, they don't actually exist on the exchange so don't worry. Just because you can't buy/sell them through BitFunder doesn't mean that LRM disappears or goes out of business, it'll just be a bit harder/laborious to distribute the dividends. *shrugs*

So don't lose your shit, just sit tight and wait for another exchange to pop up, and grab yourselves some cheap shares in the meantime!

bigasic

hero member

Activity: 924

Merit: 1000

Im sure lab rat is looking into all possibilities.. rest assured that he has your bitcoin address as to send out dividends. Im sure he will find a solution. I've heard of other exchange sites around. Im sure there has to be one on tor, but technically, what labrat is doing is totally legal. we are private investors in his private company. we dont own any assets.

Zach is a smart guy, no reason to panic...If I could, I be purchasing at the panic sale... He knew that this was a possibility, hence our bitcoin addresses to identify us... Don't panic... It will be okay...

bittymitty

sr. member

Activity: 294

Merit: 250

There goes the neighbourhood.

Good luck getting any US company or shareholders on any exchange now.

smracer

donator

Activity: 1057

Merit: 1021

Will Labrat transfer our shares to another exchange or something? What is going to happen?

elitenoob

hero member

Activity: 728

Merit: 500

Quote from: ksenter on October 08, 2013, 04:28:45 PM

Quote from: elitenoob on October 08, 2013, 04:25:52 PM

On bitfunder some big shareholder cashed some out, and now some might panic and sell for even less than 0.1...guess another good opertunity to buy cheap and sell high.

Did you see bitfunder is going to block US customers? Probably a lot of people are going to cash out...

Hmm yea i see...wonder why ukyo does this.

ksenter

member

Activity: 90

Merit: 10

Quote from: elitenoob on October 08, 2013, 04:25:52 PM

On bitfunder some big shareholder cashed some out, and now some might panic and sell for even less than 0.1...guess another good opertunity to buy cheap and sell high.

Did you see bitfunder is going to block US customers? Probably a lot of people are going to cash out...

elitenoob

hero member

Activity: 728

Merit: 500

On bitfunder some big shareholder cashed some out, and now some might panic and sell for even less than 0.1...guess another good opertunity to buy cheap and sell high.

fran2k

hero member

Activity: 784

Merit: 500

I mostly agree, indeed using the TGB mining predictor, to obtain a few months ROI the current value of the GHs is around 20$ so I get an estimation of 0.0155 btc / bond at 130 $/btc.

Quote from: moribana on October 07, 2013, 09:28:28 AM

Quote from: stereotype on October 07, 2013, 09:00:13 AM

Quote from: moribana on October 07, 2013, 08:17:24 AM

Quote from: bigasic on October 01, 2013, 11:47:27 PM

has anyone noticed RTM? I guess he pays 100Mhs per bond and his price is like .02 or .03, Im too tired to do the math. but could someone compare his stock with our stock? Im sure ours is much better, but it would be nice to see what the competition is doing..

I did the math. If the difficulty will increase like this for a couple of more months RTM will make about 100% profit. The break even point is if the difficulty keeps increasing by less than 10% every 10-14 days. Usual stuff. Based on people not being able to sum a geometric series :-) Because I guess it is quite clear that this race is not going to slow down significantly in the next couple of months.

So using what div info that is currently being paid...0.0034064

div-0.00034064 = 6.44% per week, if bought @ current 0.037.

Im surprised people are not more interested, but there seems to be no near support, to current ask.

OK, then let's do the math. Current div is 0.00034064 i.e. 0.0034064 for a ten day period while difficulty is constant. If the difficulty increases by 20% every 10 days, the total paid out in dividends per share will be

0.0034064*( 1 + 0.8 + 0.8^2 + 0.8^3 + ...) = 0.0034064/(1 - 0.8 ) = 0.017.

This is roughly how much this bond should be worth: 0.017 btc. You can recalculate with different numbers and find that it would be worth the current price if you expected the difficulty to increase less than 10% in every 10-14 day period. Very unlikely imho.

moribana

full member

Activity: 167

Merit: 100

Quote from: stereotype on October 07, 2013, 09:00:13 AM

Quote from: moribana on October 07, 2013, 08:17:24 AM

Quote from: bigasic on October 01, 2013, 11:47:27 PM

has anyone noticed RTM? I guess he pays 100Mhs per bond and his price is like .02 or .03, Im too tired to do the math. but could someone compare his stock with our stock? Im sure ours is much better, but it would be nice to see what the competition is doing..

I did the math. If the difficulty will increase like this for a couple of more months RTM will make about 100% profit. The break even point is if the difficulty keeps increasing by less than 10% every 10-14 days. Usual stuff. Based on people not being able to sum a geometric series :-) Because I guess it is quite clear that this race is not going to slow down significantly in the next couple of months.

So using what div info that is currently being paid...0.0034064

div-0.00034064 = 6.44% per week, if bought @ current 0.037.

Im surprised people are not more interested, but there seems to be no near support, to current ask.

OK, then let's do the math. Current div is 0.00034064 i.e. 0.0034064 for a ten day period while difficulty is constant. If the difficulty increases by 20% every 10 days, the total paid out in dividends per share will be

0.0034064*( 1 + 0.8 + 0.8^2 + 0.8^3 + ...) = 0.0034064/(1 - 0.8 ) = 0.017.

This is roughly how much this bond should be worth: 0.017 btc. You can recalculate with different numbers and find that it would be worth the current price if you expected the difficulty to increase less than 10% in every 10-14 day period. Very unlikely imho.

stereotype

legendary

Activity: 1554

Merit: 1000

Quote from: moribana on October 07, 2013, 08:17:24 AM

Quote from: bigasic on October 01, 2013, 11:47:27 PM

has anyone noticed RTM? I guess he pays 100Mhs per bond and his price is like .02 or .03, Im too tired to do the math. but could someone compare his stock with our stock? Im sure ours is much better, but it would be nice to see what the competition is doing..

I did the math. If the difficulty will increase like this for a couple of more months RTM will make about 100% profit. The break even point is if the difficulty keeps increasing by less than 10% every 10-14 days. Usual stuff. Based on people not being able to sum a geometric series :-) Because I guess it is quite clear that this race is not going to slow down significantly in the next couple of months.

So using what div info that is currently being paid...

div-0.00034064 = 6.44% per week, if bought @ current 0.037.

Im surprised people are not more interested, but there seems to be no near support, to current ask.

moribana

full member

Activity: 167

Merit: 100

Quote from: bigasic on October 01, 2013, 11:47:27 PM

has anyone noticed RTM? I guess he pays 100Mhs per bond and his price is like .02 or .03, Im too tired to do the math. but could someone compare his stock with our stock? Im sure ours is much better, but it would be nice to see what the competition is doing..

I did the math. If the difficulty increases like this for a couple of more months, RTM will make about 100% profit. The break even point is if the difficulty keeps increasing by less than 10% every 10-14 days. Usual stuff. Based on people not being able to sum a geometric series :-) Because I guess it is quite clear that this race is not going to slow down significantly in the next couple of months.

Lab_Rat

hero member

Activity: 599

Merit: 502

Token/ICO management

Quote from: maqifrnswa on October 02, 2013, 09:59:12 AM

LRM's real saving grace may be that they claim to be selling hardware derivatives. Your security is (in the eys of the SEC) worthless; LRM promises you no rights to assets nor facevalue. It will only generate derivative income off of bitcoin mining and is only worth what someone else is willing to pay you for it.

My main reason of structuring like this.

Lab_Rat

hero member

Activity: 599

Merit: 502

Token/ICO management

Quote from: bittymitty on October 02, 2013, 12:15:33 AM

"I reserve the option to repurchase bonds at 110% of the highest traded price over the last 15 days."

might be a scam...

It is a scam... Why I didn't include this clause... He's going to scoop some cash real quick and screw everyone out of their hashrate.

Lab_Rat

hero member

Activity: 599

Merit: 502

Token/ICO management

Quote from: mmmerlin on October 01, 2013, 09:06:32 PM

Quote from: bittymitty on October 01, 2013, 08:45:42 PM

"This is a privately held, nonpublicly traded company. This company and the PMB's being offered are not regulated by any governmental entities including the SEC or any other agency or board"

This is not regulated by any government entities or the SEC as per the statement above.

Did lab_Rat get confirmation from the government and SEC about this? Why is it unlikely to happen? What info have we been given about this apart from the above statement?

It's unlikely to happen because there are many bigger fish in the sea for them to go after - that's why they're going for exchanges, it's an all in one move. The individual companies are too much hassle (for now).

Also, if it's not being traded on an exchange then it's just an agreement between people, and no longer a security, right?

Anyway, any legal guesswork is pointless, it is whatever the SEC says it is. They have the lawyers and the money, so they will decide. After all, you don't have to have actually broken any laws to be prosecuted as if you have. One would hope that unless you had that you wouldn't be convicted, but anyone can go after anyone essentially, so let's just cross our fingers, and know that it's even more in LR's interest than it is ours to make sure this doesn't get shut down!

No FUD!

My lawyer states that due to the currency being unregulated by the US the security doesn't have to be either. The exchange on the other hand is a money transmitter and is regulated. Bitfunder is hosted in AUS I believe though, so the US can't touch it.

Lab_Rat

hero member

Activity: 599

Merit: 502

Token/ICO management

Quote from: bittymitty on October 01, 2013, 07:48:48 PM

Well someone keeps selling and collecting all the bids down to about .12 which is well below IPO. So someone is selling at a loss and I am guessing this is one or more of the hardware sellers trying to get out. Not sure why you would buy at IPO then sell at a loss unless you really didn't believe in the future of the mine.

Correct and I know who it is. No biggie. They'll be able to get some more coin for their bonds once I drop some major hashrate on the network.

Lab_Rat

hero member

Activity: 599

Merit: 502

Token/ICO management

Quote from: bittymitty on October 01, 2013, 04:18:17 PM

It would be interesting to know what discount he could get for a bulk order from KNC and how that would compare to the Bitfury prices.

Seeing as both the deliveries will be in November it will be the gh/BTC that will make difference.

I've contacted KnC

Lab_Rat

hero member

Activity: 599

Merit: 502

Token/ICO management

Quote from: bigasic on October 01, 2013, 04:04:22 PM

Quote from: bittymitty on October 01, 2013, 03:48:55 PM

Does this mean that Bitfury will have to drop their price to compete with the 28nm gear coming online soon?

If they dont, im sure Zach will be able to use KnC as ammunition to bring their prices down..

I told Dave to give Tytus some friendly advice Wink

Topic: Lab Rat Data Processing, LLC (LabRatMining) Official Announcement - page 224. (Read 452224 times)