Lab Rat Data Processing, LLC (LabRatMining) Official Announcement - page 66.

Frankthechicken

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Quote from: Endlessa on April 21, 2014, 07:44:40 AM

If only there was some kind of public ledger system where we could see mining income, dividends, expenditures by public declaring a pseudo-anonymous address that would allow us to transparently audit the holdings, current mining output, and payments. If it ran and published on a peer to peer network, that would be so cool.

I'd really like to know why we can't even get a mining address and/or btc holdings address. . . .so add that to the list of AMA questions.

Love that level of sarcasm. Reminds me of a few choice comments when the company I worked for issued a 'no working from home ever under any circumstance' policy after buying everyone laptops w/ vpn access.

Tracking back the dividends we receive, we can infer at least a couple likely addresses, but I do agree we should be told specifically which addresses LRM owns and uses. Would also like to know which addresses does LRM / LR own and use? If that information is to remain secret, why?

Endlessa

sr. member

Activity: 335

Merit: 250

If only there was some kind of public ledger system where we could see mining income, dividends, expenditures by public declaring a pseudo-anonymous address that would allow us to transparently audit the holdings, current mining output, and payments. If it ran and published on a peer to peer network, that would be so cool.

I'd really like to know why we can't even get a mining address and/or btc holdings address. . . .so add that to the list of AMA questions.

||bit

hero member

Activity: 924

Merit: 506

Zach (LabRat).
Will you eliminate your mystery fee from the 25% and replace it with an issuance of say ~5% to 7% new "bonds" or "contracts" for yourself? And report on all mining proceeds.
This is for two primary reasons:
(1) Transparency. Something you claimed from the start that you wanted to provide.
(2) Your compensation is equally dependent upon the same payout scheme as every investor that actually funded the company and made it possible.

bobfranklin

member

Activity: 116

Merit: 10

Quote from: 1247364403 on April 21, 2014, 12:57:27 AM

Who can supply labrat's real info, I want to call the police or lawyer.

Considering it will cost you nothing to wait till the AMA and make an informed decision why bother acting now?

1247364403

newbie

Activity: 13

Merit: 0

Who can supply labrat's real info, I want to call the police or lawyer.

daemonfox

hero member

Activity: 630

Merit: 500

You can add to the list the following:

Code:

Why was the weekly summary of payout stopped and when will it resume?
Why has there been absolutely ZERO clarity of how much in total funds LRM has in BTC and FIAT as well as other coins and how much in BTC/Fiat has been spent on currently hashing hardware and non delivered hardware?
What decision was made on the Monarchs... upgraded and compensated, or refunded?

Doff

sr. member

Activity: 327

Merit: 250

Quote from: karusloom on April 20, 2014, 12:18:34 PM

I'd like to know if LRM would buy back bonds from investors and at what price. If not, then why? It has become obvious that trade between investors will never happen again and pls trolls don't be naive. And to hope that there will ever be new investors is just ....a dream. And there is no need to talk about that its all about the price, i believe this question is in majority of investors (bond/sheerholders) head because we are all just tied to LRM at the moment without the possibility to get any reasonable amount of the investment back.

Yeah, be nice to have them bought back where I could get some of my investment back.

Almost Completely worthless currently.

karusloom

newbie

Activity: 27

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I'd like to know if LRM would buy back bonds from investors and at what price. If not, then why? It has become obvious that trade between investors will never happen again and pls trolls don't be naive. And to hope that there will ever be new investors is just ....a dream. And there is no need to talk about that its all about the price, i believe this question is in majority of investors (bond/sheerholders) head because we are all just tied to LRM at the moment without the possibility to get any reasonable amount of the investment back.

mboehler

member

Activity: 68

Merit: 10

Quote from: Frankthechicken on April 20, 2014, 09:11:05 AM

Quote from: mboehler on April 20, 2014, 08:47:38 AM

Quote from: Lab_Rat on April 20, 2014, 12:29:45 AM

The contract is complete and I have the go ahead to release the doc, but there is one question still un-answered to my lawyer that I'm waiting on before finishing the announcement that will go out with it giving a brief overview.

This will likely be answered Monday with it (now) being Easter. Either way the AMA is Fri. and any questions you may have will be answered as complete and specific as is possible.

*** PS Should I start a separate thread for the AMA or should it just be added into this thread? ***

Please keep the AMA in this thread.

What time (and in what time zone) will the AMA be held on Friday?

Quote from: Lab_Rat on April 18, 2014, 02:46:06 PM

I just got off the phone with my lawyer. We're working on final editing and I hope things will be done. I've informed him of the importance, but I cannot force him to work on a holiday weekend if things are not complete and ready for release by days end.

The AMA has been scheduled for Friday 4/25/14 between the hours of 2 and 4 PM Eastern Time.

Thanks! I'm surprised I missed that.

grnbrg

hero member

Activity: 509

Merit: 500

Official LRM shill

Ok, I just skimmed (Skimmed. Sorry if I missed a post...) through the thread back to the change announcement early in March, and here are a few of the "list of questions" posts. Might be useful as a start of discussion....

grnbrg.

Quote from: fractal02 on March 08, 2014, 01:53:44 PM

You pre-mined 2 weeks with hardware at the higher BTC rate.

You make a large profit for re-invest,(reminds coindesk article with the 150 TH/s, or is this a lie?).

Where is the money ?

Quote from: ||bit on March 10, 2014, 01:25:37 AM

Labrat. Please respond to these questions where answers are highly anticipated:

What is up with the 150TH order?

What is the current status of the hardware resources you've been working on? Were any bridges closed or burned?

Are you committed to LRM being an actual success?

Are you committed to keeping the spirit of the agreement you communicated and sold to everyone?
That spirit means you intend to continue to send out dividends in proportion to the growth of the whole company hash-rate, and maintain the same continual re-investment plan.

Quote from: Endlessa on March 11, 2014, 01:51:08 PM

Some questions that would be nice to have answered concerning Due Diligence LR performed on executing the old bonds/contracts/mining shares (whatever we want to call them now) and the change to new ones:

What is the problem?
Did this problem suddenly happen? (I assume no, since you said you've been working on this for 2-3 months)
If not, why are we addressing it right now with partial solution?
Why didn't we address this earlier?
Why didn't we discuss the problem prior to taking action?
Can we have a copy of what the lawyers had to say on the issue and the solution?
What agency is exerting pressure on LRM, if any?
Why tell us the purchase of new hardware was going to give us 2 gh/s per share, if you already knew there were problems with the shares being legal?
Why sell more shares, if you already knew about this?

Quote from: bittymitty on March 25, 2014, 03:35:43 PM

Why can we not get the following information:

Current bond list

Original contract details

Why has the following not been provided:

Any business report/financials

A trading platform

These are basic requirements that have nothing to do with any laws/statutes

Can anyone answer any of these questions or answer why we should not be privilege to this?

Maybe Lab Rat could clarify this?

Frankthechicken

member

Activity: 112

Merit: 10

Quote from: mboehler on April 20, 2014, 08:47:38 AM

Quote from: Lab_Rat on April 20, 2014, 12:29:45 AM

The contract is complete and I have the go ahead to release the doc, but there is one question still un-answered to my lawyer that I'm waiting on before finishing the announcement that will go out with it giving a brief overview.

This will likely be answered Monday with it (now) being Easter. Either way the AMA is Fri. and any questions you may have will be answered as complete and specific as is possible.

*** PS Should I start a separate thread for the AMA or should it just be added into this thread? ***

Please keep the AMA in this thread.

What time (and in what time zone) will the AMA be held on Friday?

Quote from: Lab_Rat on April 18, 2014, 02:46:06 PM

I just got off the phone with my lawyer. We're working on final editing and I hope things will be done. I've informed him of the importance, but I cannot force him to work on a holiday weekend if things are not complete and ready for release by days end.

The AMA has been scheduled for Friday 4/25/14 between the hours of 2 and 4 PM Eastern Time.

mboehler

member

Activity: 68

Merit: 10

Quote from: Lab_Rat on April 20, 2014, 12:29:45 AM

The contract is complete and I have the go ahead to release the doc, but there is one question still un-answered to my lawyer that I'm waiting on before finishing the announcement that will go out with it giving a brief overview.

This will likely be answered Monday with it (now) being Easter. Either way the AMA is Fri. and any questions you may have will be answered as complete and specific as is possible.

*** PS Should I start a separate thread for the AMA or should it just be added into this thread? ***

Please keep the AMA in this thread.

What time (and in what time zone) will the AMA be held on Friday?

Frankthechicken

member

Activity: 112

Merit: 10

Quote from: sparky999 on April 20, 2014, 03:33:58 AM

Keep it in this thread wouldn't want any bond holders who don't check forum often to miss out on seeing the info. We will hv one person asking questions for the majority of shareholders to reduce clutter.

Also agree, keep it in this thread. A consolidated list of questions already posted would be great if someone wants to pull it together. If not, I could probably do it sometime before the AMA.

sparky999

sr. member

Activity: 473

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Keep it in this thread wouldn't want any bond holders who don't check forum often to miss out on seeing the info. We will hv one person asking questions for the majority of shareholders to reduce clutter.

bobfranklin

member

Activity: 116

Merit: 10

Quote from: mufa23 on April 20, 2014, 01:19:31 AM

Quote from: Lab_Rat on April 20, 2014, 12:29:45 AM

The contract is complete and I have the go ahead to release the doc, but there is one question still un-answered to my lawyer that I'm waiting on before finishing the announcement that will go out with it giving a brief overview.

This will likely be answered Monday with it (now) being Easter. Either way the AMA is Fri. and any questions you may have will be answered as complete and specific as is possible.

*** PS Should I start a separate thread for the AMA or should it just be added into this thread? ***

Go ahead and post the announcement. We won't hold you to the one detail you are unsure about until you get an answer about it on Monday. (i.e. It's fine for you to say: "Guys, I'm unsure about this one part though, so don't quote me yet! I'll figured it out Monday when I talk to my lawyer")

As for the AMA, I'd prefer this thread. A lengthy list of questions has been gathered, and I or someone else will post it. All of them will be short, simple, effortless, and go straight to the point.

On a side note to everyone else:
Please don't spam/troll the thread while Labrat answers questions. Only ask questions. Don't blabber on about why you feel cheating out of your money, your mom died, and your dog ran away, etc... And don't ask questions that have already been asked. Take the time to read the thread, and not be an eyesore to everyone else.

Totally agree with this (even though people will pick the crap out of the "unsure till monday" aspect as proven countless times here).

mufa23

legendary

Activity: 1022

Merit: 1001

I'd fight Gandhi.

Quote from: Lab_Rat on April 20, 2014, 12:29:45 AM

The contract is complete and I have the go ahead to release the doc, but there is one question still un-answered to my lawyer that I'm waiting on before finishing the announcement that will go out with it giving a brief overview.

This will likely be answered Monday with it (now) being Easter. Either way the AMA is Fri. and any questions you may have will be answered as complete and specific as is possible.

*** PS Should I start a separate thread for the AMA or should it just be added into this thread? ***

Go ahead and post the announcement. We won't hold you to the one detail you are unsure about until you get an answer about it on Monday. (i.e. It's fine for you to say: "Guys, I'm unsure about this one part though, so don't quote me yet! I'll figured it out Monday when I talk to my lawyer")

As for the AMA, I'd prefer this thread. A lengthy list of questions has been gathered, and I or someone else will post it. All of them will be short, simple, effortless, and go straight to the point.

On a side note to everyone else:
Please don't spam/troll the thread while Labrat answers questions. Only ask questions. Don't blabber on about why you feel cheating out of your money, your mom died, and your dog ran away, etc... And don't ask questions that have already been asked. Take the time to read the thread, and not be an eyesore to everyone else.

LostDutchman

sr. member

Activity: 476

Merit: 250

Quote from: Lab_Rat on April 20, 2014, 12:29:45 AM

The contract is complete and I have the go ahead to release the doc, but there is one question still un-answered to my lawyer that I'm waiting on before finishing the announcement that will go out with it giving a brief overview.

This will likely be answered Monday with it (now) being Easter. Either way the AMA is Fri. and any questions you may have will be answered as complete and specific as is possible.

*** PS Should I start a separate thread for the AMA or should it just be added into this thread? ***

How about not worrying about "holidays" based on superstition and get to the point.

I supported you in the past and more than a bit concerned about that.

Get it up, get it done.

My $.02.

Wink

Lab_Rat

hero member

Activity: 599

Merit: 502

Token/ICO management

The contract is complete and I have the go ahead to release the doc, but there is one question still un-answered to my lawyer that I'm waiting on before finishing the announcement that will go out with it giving a brief overview.

This will likely be answered Monday with it (now) being Easter. Either way the AMA is Fri. and any questions you may have will be answered as complete and specific as is possible.

*** PS Should I start a separate thread for the AMA or should it just be added into this thread? ***

Endlessa

sr. member

Activity: 335

Merit: 250

Quote from: 1247364403 on April 19, 2014, 11:13:31 AM

lab_rat, do you forget you sell the funds by the price between 0.1~0.2btc/share, and in the IPO terms you have promised to buy the mining machine to add the hashrate all the time.However now you just give us 300M/share which is only worth 0.003btc. Despite the btc price rised to about $500, machine mining is usually earning btcs, at the last time you still lied that you will purchase >=200T machines, you cheated to rob us 90% of bitcoins!

Everybody knows I'm not real happy about this, but with your number/logic it 98% of the btc not 90%. assuming 0.15 as the mean price and current price is .003.

That being said, the price right now is BS, until LR either shows a plan or everybody gives up (in which case it will go near zero). if the 200Th/s doesn't manifest answers in the explanation/AMA, then we can start this line of hate.

the AMA is the line in the sand, try to keep your pants up until then.

1247364403

newbie

Activity: 13

Merit: 0

Quote from: Lab_Rat on April 18, 2014, 04:18:46 PM

Quote from: karusloom on April 18, 2014, 02:56:51 PM

Quote from: Lab_Rat on April 18, 2014, 02:43:50 PM

Quote from: ICantThinkOfaName on April 18, 2014, 07:44:35 AM

Quote from: karusloom on April 17, 2014, 05:55:53 PM

Is it only me or ...., every time we read anything about Gox we hear a litle from Rat and now that Gox has filed for liquidation suddenly Rat has the documents in hand

I seriously hope that i'm wrong about this but may god give us strength if im right and all our funds are flushed and that 18TH is all we ever going to see.

Quote from: Lab_Rat on March 08, 2014, 01:52:10 PM

Mt. Gox did not effect LRM.

The trading platform is still being worked on. It's in Alpha testing, but it is not owned, operated, or affiliated with LRM.

I can assure you I wasn't stupid enough to hold funds on any exchange and I'm still not.

I manage all priv keys used.

I believe you understand if I don't take your word very seriously only because you have had all our funds in hand from the day 1 but we do not see the gear that was promised months ago mining for us, not to mention that bitfury still has equipment in stock ready to ship over night. So....yeah.

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.

lab_rat, do you forget you sell the funds by the price between 0.1~0.2btc/share, and in the IPO terms you have promised to buy the mining machine to add the hashrate all the time.However now you just give us 300M/share which is only worth 0.003btc. Despite the btc price rised to about $500, machine mining is usually earning btcs, at the last time you still lied that you will purchase >=200T machines, you cheated to rob us 90% of bitcoins!

Topic: Lab Rat Data Processing, LLC (LabRatMining) Official Announcement - page 66. (Read 452170 times)