Lab Rat Data Processing, LLC (LabRatMining) Official Announcement - page 48.

grnbrg

hero member

Activity: 509

Merit: 500

Official LRM shill

Quote from: countduckula on May 03, 2014, 09:33:18 PM

If the bonds owned make the question valid, i personally own 208, can you reply to me or we need more?

I noticed something that concerns me, you're buying and bought in the past days, what do you know that we don't?

208 is respectable.

I have found it hard to take some people seriously when they post comments that are neither factually based nor constructive suggestions while holding less than 20 post split bonds.

As I responded in the trading thread, I don't know currently anything that isn't public knowledge. I think Lab_Rat is going todo his best to benefit the investors, and that the contract price is going to go up once the new contracts start paying out. Others have speculated why, and I agree. It was worth gambling another coin on, IMHO.

grnbrg .

countduckula

full member

Activity: 140

Merit: 100

If the bonds owned make the question valid, i personally own 208, can you reply to me or we need more?

I noticed something that concerns me, you're buying and bought in the past days, what do you know that we don't?

LostDutchman

sr. member

Activity: 476

Merit: 250

Quote from: grnbrg on May 03, 2014, 09:00:28 PM

Quote from: 1247364403 on May 03, 2014, 08:57:55 PM

Since the IPO of LRM, the global mining bitcoin hashrate has lift hundreds of times, however labrat just lifts the LRM hashrate only 2 times. In others words, labrat denied ipo terms and his promises to rob our most of bitcoins.
Please expose the finacial report, What we have bought is the LRM's stock not the LRM's bonds! We can not let labrat find a way to get around the rules.
I have to say: What a cheeky fraud labrat is!

And just out of curiosity, how many bonds do you hold?

grnbrg.

Eh, so the number of bonds held by a contributor to Lab_Rat's deals has an effect on how much one might complain?

Few bonds; no right to complain.

Lot'sa bonds, bitchin' rights?

Gimmee a break.

This Lab_Rat situation is hurting Bitcoin as a whole and needs to be fixed.

My $.02.

Wink

grnbrg

hero member

Activity: 509

Merit: 500

Official LRM shill

Quote from: 1247364403 on May 03, 2014, 08:57:55 PM

Since the IPO of LRM, the global mining bitcoin hashrate has lift hundreds of times, however labrat just lifts the LRM hashrate only 2 times. In others words, labrat denied ipo terms and his promises to rob our most of bitcoins.
Please expose the finacial report, What we have bought is the LRM's stock not the LRM's bonds! We can not let labrat find a way to get around the rules.
I have to say: What a cheeky fraud labrat is!

And just out of curiosity, how many bonds do you hold?

grnbrg.

1247364403

newbie

Activity: 13

Merit: 0

Quote from: Lab_Rat on April 26, 2014, 10:59:01 PM

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 [email protected] 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.

Since the IPO of LRM, the global mining bitcoin hashrate has lift hundreds of times, however labrat just lifts the LRM hashrate only 2 times. In others words, labrat denied ipo terms and his promises to rob our most of bitcoins.
Please expose the finacial report, What we have bought is the LRM's stock not the LRM's bonds! We can not let labrat find a way to get around the rules.
I have to say: What a cheeky fraud labrat is!

bigasic

hero member

Activity: 924

Merit: 1000

one bit of advice. I would consult an attorney before you sign the agreement. I just consulted one and he stated that adding "signed in distress" would not hold up in court, only if he held a gun to your head would it work.. Dont go by what Im saying, please contact your own legal counsel..

rangerbob21

member

Activity: 98

Merit: 10

Quote from: countduckula on May 02, 2014, 12:06:48 PM

From Lab Rat Official contract

Quote

Summary:
Each 1 bond of LabRatMining represents a portion of the total hashrate owned and operated
by LabRatMining.

This initial amount is guaranteed to be a minimum of 100MH/s per bond, but with future
installments of the company the hashrate per bond will also increase. Depending on the
speed at which the initial offering of bonds is completed, the 100MH/s estimate could raise
rather quickly.

Isn't this part of the contract pretty clear? where does he get 100mh fixed hashrate?

Completely extracted out of his ass.

I really think nothing LR has done in changing the contract (three times now) is legal.
We have already lost our agreed upon increase in hash rate in proportion to the total hash rate of LRM for some weirdly structured "you must trust LR to give discretionary bonuses" crap. LR has turned this venture into yet another Bitcoin scam. Period.

I will not sign a new contract. I agree to no new terms.

As soon as any dividends are stolen from me, LRM has broken the contract and committed a crime. The only question that remains is who to contact, NJ Law enforcement, SEC, or my own lawyers. More than likely the choice will be all of the above.

It is what it is...

grnbrg

hero member

Activity: 509

Merit: 500

Official LRM shill

Quote from: ksenter on May 02, 2014, 12:55:25 PM

Fyi, it went to my spam folder. So you might want to check there.

Boooo.

I'd guess the BCC Lab_Rat used didn't agree well with some filters.

grnbrg.

ksenter

member

Activity: 90

Merit: 10

Quote from: grnbrg on May 02, 2014, 12:27:30 PM

Quote from: bigasic on May 02, 2014, 12:24:56 PM

Just received an email stating an update to the new contract. but I dont see a link to the new contract. does anyone have the latest contract?

The following was sent to all verified email addresses, yesterday:

Quote

As previously stated on the bitcointalk forums, this information is being gathered together and sent out in an email to all contract-holders that I have email addresses for (over 95%). This information will also be posted on the forums and on the website.
Contained within this email are links to the Original Contract, New Contract, AMA Transcript, and Contract-Holder List.

If you have any further questions after reading the following please feel free to ask. If you have a question to ask please read everything provided before asking as it may have been answered in the AMA.

Original Contract: https://drive.google.com/folderview?id=0BwZCh0jtSZkwaGlkcjdiUEhKTVk&usp=sharing

New Contract: https://drive.google.com/folderview?id=0BwZCh0jtSZkwMUMxUURqdGNGT0k&usp=sharing

AMA Transcript: https://drive.google.com/folderview?id=0BwZCh0jtSZkwbzhwM1U4UUV3ZFU&usp=sharing

Contract-Holder List: https://drive.google.com/folderview?id=0BwZCh0jtSZkwbzFyUDdWUkpZeXM&usp=sharing

-Lab_Rat

grnbrg.

Fyi, it went to my spam folder. So you might want to check there.

grnbrg

hero member

Activity: 509

Merit: 500

Official LRM shill

Quote from: bigasic on May 02, 2014, 12:24:56 PM

Just received an email stating an update to the new contract. but I dont see a link to the new contract. does anyone have the latest contract?

The following was sent to all verified email addresses, yesterday:

Quote

As previously stated on the bitcointalk forums, this information is being gathered together and sent out in an email to all contract-holders that I have email addresses for (over 95%). This information will also be posted on the forums and on the website.
Contained within this email are links to the Original Contract, New Contract, AMA Transcript, and Contract-Holder List.

If you have any further questions after reading the following please feel free to ask. If you have a question to ask please read everything provided before asking as it may have been answered in the AMA.

Original Contract: https://drive.google.com/folderview?id=0BwZCh0jtSZkwaGlkcjdiUEhKTVk&usp=sharing

New Contract: https://drive.google.com/folderview?id=0BwZCh0jtSZkwMUMxUURqdGNGT0k&usp=sharing

AMA Transcript: https://drive.google.com/folderview?id=0BwZCh0jtSZkwbzhwM1U4UUV3ZFU&usp=sharing

Contract-Holder List: https://drive.google.com/folderview?id=0BwZCh0jtSZkwbzFyUDdWUkpZeXM&usp=sharing

-Lab_Rat

grnbrg.

bigasic

hero member

Activity: 924

Merit: 1000

Just received an email stating an update to the new contract. but I dont see a link to the new contract. does anyone have the latest contract?

countduckula

full member

Activity: 140

Merit: 100

From Lab Rat Official contract

Quote

Summary:
Each 1 bond of LabRatMining represents a portion of the total hashrate owned and operated
by LabRatMining.

This initial amount is guaranteed to be a minimum of 100MH/s per bond, but with future
installments of the company the hashrate per bond will also increase. Depending on the
speed at which the initial offering of bonds is completed, the 100MH/s estimate could raise
rather quickly.

Isn't this part of the contract pretty clear? where does he get 100mh fixed hashrate?

bigasic

hero member

Activity: 924

Merit: 1000

Quote from: LostDutchman on May 01, 2014, 11:08:48 PM

Quote from: bigasic on May 01, 2014, 09:34:36 PM

Ok, so I guess before I sign anything, I want to talk to the "attorney" that drew up the document...

No, you want to talk to YOUR attorney.

My $.02.

Yep, thats exactly what Im going to do... Glad I have one on retainer... Thats why I want to know the name of the attorney, so my attorney can ask LR attorney questions, if needed.

LostDutchman

sr. member

Activity: 476

Merit: 250

Quote from: bigasic on May 01, 2014, 09:34:36 PM

Ok, so I guess before I sign anything, I want to talk to the "attorney" that drew up the document...

No, you want to talk to YOUR attorney.

My $.02.

bigasic

hero member

Activity: 924

Merit: 1000

Ok, so I guess before I sign anything, I want to talk to the "attorney" that drew up the document...

LostDutchman

sr. member

Activity: 476

Merit: 250

Quote from: rangerbob21 on May 01, 2014, 04:38:08 PM

Quote from: bigasic on May 01, 2014, 03:52:37 PM

Quote from: Bargraphics on May 01, 2014, 08:57:00 AM

Quote from: Mindsync Miner on May 01, 2014, 02:52:09 AM

I'm going to sign the new contract.
300 plus bonus will in all likelihood be better than 300 no bonus.

How many of the larger bond holders would like to see a more concrete contract put in place?

As a large shareholder, I would like to see a more concrete contract in place. (Im in the top 10, I believe)

so, count me in....

Also, I agree with the duress statement. Its basically saying that we will be punished for not signing the new agreement.. that coercion...

Is LRM attorneys info placed anywhere in here?

I am beginning to think the whole lawyer thing is a ruse... No self respecting lawyer would take months to produce LRM's new (what is looking more and more like illegal) "contract"? Really, called this lawyer from the side of the bus ad, did ya?

Not to mention the constant and frequent misuse of the comma in the supposed "legal" documents.

This is not a joke or a slam. The grammar is awful and the grammar is very important in legal documents as a mis-placed comma can change the entire meaning and intent of a provision.

My $.02.

Wink

rangerbob21

member

Activity: 98

Merit: 10

Quote from: bigasic on May 01, 2014, 03:52:37 PM

Quote from: Bargraphics on May 01, 2014, 08:57:00 AM

Quote from: Mindsync Miner on May 01, 2014, 02:52:09 AM

I'm going to sign the new contract.
300 plus bonus will in all likelihood be better than 300 no bonus.

How many of the larger bond holders would like to see a more concrete contract put in place?

As a large shareholder, I would like to see a more concrete contract in place. (Im in the top 10, I believe)

so, count me in....

Also, I agree with the duress statement. Its basically saying that we will be punished for not signing the new agreement.. that coercion...

Is LRM attorneys info placed anywhere in here?

I am beginning to think the whole lawyer thing is a ruse... No self respecting lawyer would take months to produce LRM's new (what is looking more and more like illegal) "contract"? Really, called this lawyer from the side of the bus ad, did ya?

bigasic

hero member

Activity: 924

Merit: 1000

Quote from: Bargraphics on May 01, 2014, 08:57:00 AM

Quote from: Mindsync Miner on May 01, 2014, 02:52:09 AM

I'm going to sign the new contract.
300 plus bonus will in all likelihood be better than 300 no bonus.

How many of the larger bond holders would like to see a more concrete contract put in place?

As a large shareholder, I would like to see a more concrete contract in place. (Im in the top 10, I believe)

so, count me in....

Also, I agree with the duress statement. Its basically saying that we will be punished for not signing the new agreement.. that coercion...

Is LRM attorneys info placed anywhere in here?

Mindsync Miner

member

Activity: 69

Merit: 10

An independent miner.

Quote from: Flashman on May 01, 2014, 05:08:05 AM

Actually, I've come to thinking that the way this contract has been presented, we lose no rights whatsoever in being forced to agree to it...

http://en.wikipedia.org/wiki/Duress#Economic_or_pecuniary_duress

"A contract is voidable if the innocent party can prove that it had no other practical choice (as opposed to legal choice) but to agree to the contract."

+1

I'm going to add that the part of the contract that attempts to waive class action rights using arbitration as a substitute would fall under jurisdiction of state law. He would have to customize the contract to be effective for customers in each state. Do we have non-U.S. contract holders too? Again, more changes to the contract necessary to accommodate regulations by locale.

On top of that in my state, California such class action waivers have precedent of not always being upheld. http://www.lexology.com/library/detail.aspx?g=29dbb4d7-dfb6-41b7-90b9-4971dbd9ae8a

tempestb

hero member

Activity: 729

Merit: 500

What's the alternative? If you don't sign you basically get nothing. There doesn't seem to be anyone actively suing him over this, so it's either sign and take your chances that you get something or get nothing and just complain in a forum that he's not even reading.

I don't see much choice except to sign and hope for the best.

Topic: Lab Rat Data Processing, LLC (LabRatMining) Official Announcement - page 48. (Read 452170 times)