Lab Rat Data Processing, LLC (LabRatMining) Official Announcement - page 76.

LostDutchman

sr. member

Activity: 476

Merit: 250

Quote from: a2offrb on April 01, 2014, 05:05:47 PM

Any1 can contact Dave and ask about delivery?

"Who is it?

It's me, Dave, open up, man, I got the stuff!

Who is it?

It's me, Dave, man, open up, I got the stuff!

Who?

It's, Dave, man, open up, I think the cops saw me comin' here!

Who is it?

It's, it's Dave, man, will you open up? I got the stuff with me!

Who?

Dave, man, open up!

Dave?

Ya, Dave, c'mon, man, open up, I think the cops saw me!

Dave's not here.

No, man, I'm Dave, man!

Hey, c'mon, man!

Who is it?

It's Dave, man, will you open up? I got the stuff with me!

Who?

Dave, man, open up!

Dave?

Ya, Dave!

Dave's not here!

No, man, I am Dave, man, will you?

C'mon, open up the door, will you?

I got the stuff with me, I think the cops saw me!

Who is it?

Oh, what the hell is it c'mon open up the door, it's Dave!

Who?

Dave, D A V E, will you open up the goddamn door!

Dave?

Ya, Dave!

Dave?

Right, man, Dave, now will you open up the door?

Dave's not here!

Oh!

Songwriters
MARIN, RICHARD / CHO

Cheech And Chong - Dave Lyrics | MetroLyrics"

elitenoob

hero member

Activity: 728

Merit: 500

Quote from: a2offrb on April 01, 2014, 05:05:47 PM

Any1 can contact Dave and ask about delivery?

Do you really think that he will tell anyone anything?

a2offrb

full member

Activity: 453

Merit: 101

RISE WITH RAYS FOR THE FUTURE

Any1 can contact Dave and ask about delivery?

fractal02

hero member

Activity: 504

Merit: 500

$Profile photo of fractal02$

It's pretty quiet here...

LabRat, still no news you can share with us ?

rangerbob21

member

Activity: 98

Merit: 10

Quote from: contactmike1 on March 28, 2014, 03:26:30 PM

Time for a reality check. Most of the questions have been answered by labrat already.

Quote from: Lab_Rat on March 08, 2014, 01:40:38 PM

The issues at hand are both on a state and federal level regarding multiple topics. The specifics of these statutes will be presented in a timely manner.

Quote from: Lab_Rat on March 08, 2014, 02:54:48 PM

There are multiple issues, local and federal. The main issue is specifically pertaining to variable payout though. I'm not a lawyer so I'm waiting for my legal rep to put it all in legal terminology before laying it out there.

Quote from: Lab_Rat on March 09, 2014, 10:30:12 PM

I was out today, but tomorrow is a full day I will be speaking with my lawyer, as well as the other legal advisers who had input on this matter. None of which see anything LRM to be working with to be an SEC or FinCEN issue if the transition is made, which is why I made this choice. How to handle the specifics of the payout moving forward is being worked on.

Quote from: Lab_Rat on March 09, 2014, 10:32:10 PM

CEX.io is on a different boat than LRM, although they are definitely breaching MSB issues within the US whether they operate in or out of the country.

EDIT: also going to be flying out to meet with a well respected business lawyer rather soon who has also handled Bitcoin.

Quote from: Lab_Rat on March 09, 2014, 12:04:33 AM

There are issues with a percentage being considered shares and a contract being considered a sale. I will attempt to clarify more over the course of next week when I have more legal documentation to explain.

Also, I've done the math and liquidating the company's assets will turn out worse for the contract-holders as well as myself (rather than paying out "dividends").
Hardware just doesn't sell for what it did in may 2013......

Quote from: Lab_Rat on March 10, 2014, 01:22:52 PM

I'm working on doing so and all I have done is provide an immediate fix that does fit into the original contract promises, with the intent to find a way to benefit early contract purchasers as more hardware comes in.

Quote from: Lab_Rat on March 11, 2014, 01:24:15 AM

I am taking advice of many folks and stopping answering any questions. I'll poke my head in at least once a day or two to say "Still here" and that is all. The next time you receive anything of substance it will be a full report on the subject which will take time to produce. There are 94 pages of NJ Laws that pertain to this matter, let alone the federal laws. Contained in this report will be all legal matter as well as a pheonixed contract. If you don't like it, sue LRM. But I must warn you, that you will lose, and cost yourself money twice because the money used to fight the legal battles will be that of the company's. This is the last thing any of us want, but it seems to be a trend in Bitcoin lately to sue over everything.

I'm looking out for my interests, as well as those of the company and all those involved. To those of you who have known me going on 2 years now, you know I'm not some evil thief. I'm doing what's necessary and I believe that the end result will be something everyone can live with.

Quote from: Lab_Rat on March 11, 2014, 05:19:53 AM

I will make an attempt to clarify #4 in one quick sentence but the rest you can read a little more for. Everyone who has contracts at this point in time is an "early purchaser" of contracts. The company is still young and people should not be looking at this like it's all going to end in 3-4 months. I can't count how many times I've stated Bitcoin is not a sprint it's a marathon. For over 2 years people said that graphics cards were not profitable and in 4-6 months people will stop mining so much, but every time someone said that the price went up and they remained profitable. Change =/= Death.

Quote from: Lab_Rat on March 11, 2014, 12:21:25 PM

I can't provide reassurance without giving information that I can't give until things are in place. All I can say is that I'm working on the permanent solution and believe I have found a reasonable and legal way to provide over 300MH.

Quote from: Lab_Rat on March 11, 2014, 05:32:23 PM

OK. Just out of a meeting with my lawyer and things look very very good in respect to how they have looked. I can't give time frames as things in the real world operate 9-5 m-f (NOT INCLUDING LUNCH HOURS) and my lawyer stated this loud and clear to me. When I asked for an estimate on time he said it will come when it's done and it's a priority.

What he specified I can share is that there will be an announcement that will provide some clarification followed by a contract to be presented. More info will come when it is available and no sooner. It is the intention of LRM to provide further than 300MH/s per contract and is apparent that the way this will be done is legal.

All your questions about current and future hardware including the March hardware will be answered upon completion of the new contract. If labrat speculates early, before the contract, then people will scream bloody murder as soon as the contract changes a single word. Labrat is smart for not giving "what ifs" and "could be's". It only leads to trouble.

[Edit:] Updated CEX quote per grnbrg's suggestion.

So... just like everyone is complaining about... No information is listed and this is simply a condensed version of the no information from LR. Nice to have the nothingness in one place. Thanks! (really, thanks for the summation)

BKM

sr. member

Activity: 315

Merit: 250

Quote from: contactmike1 on March 28, 2014, 05:14:45 PM

Quote from: ||bit on March 28, 2014, 05:01:16 PM

Quote from: contactmike1 on March 28, 2014, 03:26:30 PM

Time for a reality check. Most of the questions have been answered by labrat already.

Thanks for compiling that contactmike.

You are welcome. I should note that I selected the responses that were relevant to many of the questions. There are a number of responses I did not post.

Really, thank you. I nominate you for the communications committee with grnbrg....

Ashitank

hero member

Activity: 560

Merit: 500

Quote from: 1247364403 on March 29, 2014, 09:12:06 PM

Quote from: Lab_Rat on March 28, 2014, 01:38:01 PM

LRM complies perfectly fine with the IRS. I figured it'd have to be reported this way. There is one thing I didn't expect but it doesn't effect the company as it just doesn't pertain.

I've had 2 long phone calls with my lawyer and things seem to be coming together. Please understand I'm waiting on this too. I don't like being a human punching bag on the forums. If the results of this are not agreeable. Please feel free to sue. Just stop arguing and threatening over conspiracy theories.

P.S. Be nice to grnbrg. He's always been nice to you guys and he's helped LRM in a couple times of need.

Labrat,You are what a first most vile fraud in bitcoin world! I will expose and publish your infamy in bitcoin or real world in all kinds of ways.
The reason that now nobody sue labrat is not that we give up to sue you, is that many shareholders are not americans or be afraid to be cheated the legal cost.However I assure that you will be justly punished！
I hope someone can expose labrat's real ID info to prevent others from been cheated and robbed in future!
LRM company is dead! I believe nobody will continue to trust and invest it！

P.S grnbrg, you also shouldn't stand with labrat, as labrat cheat to rob the shareholders' bitcoins and don't give any bitcoins to you, labrat don't help you when you are also suspected by us.

Kamikaze Sundays

1247364403

newbie

Activity: 13

Merit: 0

Quote from: Lab_Rat on March 28, 2014, 01:38:01 PM

LRM complies perfectly fine with the IRS. I figured it'd have to be reported this way. There is one thing I didn't expect but it doesn't effect the company as it just doesn't pertain.

I've had 2 long phone calls with my lawyer and things seem to be coming together. Please understand I'm waiting on this too. I don't like being a human punching bag on the forums. If the results of this are not agreeable. Please feel free to sue. Just stop arguing and threatening over conspiracy theories.

P.S. Be nice to grnbrg. He's always been nice to you guys and he's helped LRM in a couple times of need.

Labrat,You are what a first most vile fraud in bitcoin world! I will expose and publish your infamy in bitcoin or real world in all kinds of ways.
The reason that now nobody sue labrat is not that we give up to sue you, is that many shareholders are not americans or be afraid to be cheated the legal cost.However I assure that you will be justly punished！
I hope someone can expose labrat's real ID info to prevent others from been cheated and robbed in future!
LRM company is dead! I believe nobody will continue to trust and invest it！

P.S grnbrg, you also shouldn't stand with labrat, as labrat cheat to rob the shareholders' bitcoins and don't give any bitcoins to you, labrat don't help you when you are also suspected by us.

mmmerlin

sr. member

Activity: 266

Merit: 250

Quote from: runam0k on March 29, 2014, 03:28:52 PM

No positive change in divs so... no new hardware?

Sadly that logic no longer follows... Sad

Hopefully it will again though...

runam0k

legendary

Activity: 1092

Merit: 1001

Touchdown

No positive change in divs so... no new hardware?

Jolest

newbie

Activity: 14

Merit: 0

Quote from: ||bit on March 28, 2014, 05:01:16 PM

Quote from: contactmike1 on March 28, 2014, 03:26:30 PM

Time for a reality check. Most of the questions have been answered by labrat already.

Thanks for compiling that contactmike.

+1

Flashman

hero member

Activity: 518

Merit: 500

Hodl!

Quote from: grnbrg on March 28, 2014, 03:12:06 PM

And this is why we don't get any information.

grnbrg.

More like this is why we get ants, lots of syrup and waffle, no meat and 'taters.

||bit

hero member

Activity: 924

Merit: 506

countduckula

full member

Activity: 140

Merit: 100

Good work compiling vague and useless answers!!

They're all pretty vague and nothing of what it was supposed to be clarified later, was actually explained or "clarified".

We still dont know what is the issue, what is the posible solution, regardless of the 95 page regulation that i want to suppose its not all applied to us, probably less than 10% and im sure they're pretty straight forward issues to address.

I dont know how many bonds i own, if they're a part or the hardware or 300mh or 100mh tripled, i dont know if new hardware came and its running and mining and being paid or not.

To summarize, if you can live with weak and vague answers, good for you, i don't.

LostDutchman

sr. member

Activity: 476

Merit: 250

Quote from: grnbrg on March 28, 2014, 07:20:28 PM

Quote from: LostDutchman on March 28, 2014, 06:15:28 PM

Quote from: grnbrg on March 28, 2014, 03:19:43 PM

Quote from: bittymitty on March 28, 2014, 03:16:00 PM

Where has anyone been attacking Grnbrg?

I'm not entirely sure.

I vote for not starting to, though.

grnbrg.

Howya been grnbrg?

Long time no see!

See? See the abuse I have to put up with?

grnbrg.

No shit!

You been havin' a tough time lately and I understand how one can unintentionally go wrong by hitching one's wagon to the wrong star!

First your association with BFL and now Lab_Rat is having problems from which he will most likely not ercoevr.

I must point out that I said sometime back that those who sold "shares" and "bonds" were sooner or later going to get it right up the Strada Chocolata and now they have.

Not your fault!

Hell, I still got guys on MY ass for telling them to invest with BFL!

LOL!

Come on down to KC sometime, I'll get us a car and driver and we'll do the town!

Danny's, Westport, maybe Johnnie's.

We might even do a barbeque in BFL's parking lot!

LOL!

Keep your head down and take care my brother!

My $.02.

Wink

We'll have a ball!

You for certain need the break!

grnbrg

hero member

Activity: 509

Merit: 500

Official LRM shill

Quote from: LostDutchman on March 28, 2014, 06:15:28 PM

Quote from: grnbrg on March 28, 2014, 03:19:43 PM

Quote from: bittymitty on March 28, 2014, 03:16:00 PM

Where has anyone been attacking Grnbrg?

I'm not entirely sure.

I vote for not starting to, though.

grnbrg.

Howya been grnbrg?

Long time no see!

See? See the abuse I have to put up with?

grnbrg.

LostDutchman

sr. member

Activity: 476

Merit: 250

Quote from: grnbrg on March 28, 2014, 03:19:43 PM

Quote from: bittymitty on March 28, 2014, 03:16:00 PM

Where has anyone been attacking Grnbrg?

I'm not entirely sure.

I vote for not starting to, though.

grnbrg.

Howya been grnbrg?

Long time no see!

My $.02.

Wink

contactmike1

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Activity: 672

Merit: 251

Quote from: ||bit on March 28, 2014, 05:01:16 PM

Quote from: contactmike1 on March 28, 2014, 03:26:30 PM

Time for a reality check. Most of the questions have been answered by labrat already.

Thanks for compiling that contactmike.

You are welcome. I should note that I selected the responses that were relevant to many of the questions. There are a number of responses I did not post.

||bit

hero member

Activity: 924

Merit: 506

Quote from: contactmike1 on March 28, 2014, 03:26:30 PM

Time for a reality check. Most of the questions have been answered by labrat already.

Thanks for compiling that contactmike.

grnbrg

hero member

Activity: 509

Merit: 500

Official LRM shill

My only comment is to highlight the following to clarify a bit:

Quote from: contactmike1 on March 28, 2014, 03:26:30 PM

Quote from: Lab_Rat on March 09, 2014, 10:32:10 PM

CEX.io is on a different boat than LRM, although they are definitely breaching MSB issues within the US whether they operate in or out of the country.

grnbrg

Topic: Lab Rat Data Processing, LLC (LabRatMining) Official Announcement - page 76. (Read 452224 times)