Topic: Lab Rat Data Processing, LLC (LabRatMining) Official Announcement - page 77. (Read 452224 times)

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





















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.

I'm not entirely sure.    I vote for not starting to, though.  



grnbrg.

Where has anyone been attacking Grnbrg?

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



grnbrg.

No apology

No intention to change ways

Admission he is going to screw the contract "If the results of this are not agreeable"

Expecting a lawsuit "I've had 2 long phone calls with my lawyer"

Straw man argument "Be nice to grnbrg."

Lab_Rat, thank you for the feedback regarding your talks with legal counsel. Do you have any idea of the time frame
for completion of your IPO revision proposal?

When this change was announced on 08/MAR/14, things got really uncertain, really quickly. It is now exactly 20 days
later and a lot of FUD has destroyed bond valuation and confidence in LRM as an unregulated security.

countduckula's points of interest are completely valid from an investor perspective. People do not normally jump immediately
to consider the worst, but this is not a market with regulation or oversight. What that does is force investors to continuously
conduct their own due diligence and perform a running risk assessment of this asset. We are attempting to regulate this
asset ourselves. The real problem is: ZERO INFORMATION = UNLIMITED RISK!

Solve the ZERO INFORMATION problem and you'll go a long way toward pulling this security back from brinkmanship.

My base question is, "Are you going to provide a solution that honors the original IPO agreement and acts in good faith to
maximize investor return on investment?"

That's really all I need to know. I'm not sure how or why answering that basic question (in no uncertain terms directly from
your fingertips) increases your legal liability on this asset. Can you answer that question or are you truly directed by legal
to say nothing?

FTFY

You've gotta give us something. Running away with our money, then saying "I can't pay you back because of reasons I can't tell you yet. You need to wait an indefinite time" is bound to start pissing people off.

You keep ignoring some of the most basic questions (i.e. what happen to the massive bitfury order?)

YOU DON'T answer any question posted here in a serious manner aside of your "change of terms".

YOU DON'T disclose what are you trying to work out that will let things come togheter and thats why we're concerned.

YOU DON'T answer how much hardware is running now, if you received any new piece, if its running, and what are you doing with the proceeds of them.

YOU DON'T answer or post even the most minimal information about dividends, not even a small and brief status every day you pay.

WE DON'T know what you have in your possession, what is coming, and where was bought, what are you doing or trying to do, what was requested to you by IRS, FinCen or whatever asked you to comply old or new rules.

If you feel like a punching bag its because you sat there and let all this small details pass you by for WEEKS and turned you into that bag, keep people informed, KEEP PEOPLE INFORMED in a timely manner, all we get its vague and really not positive things from YOU.

grnbrg its just caught between our questions/requests and your incompetence managing information details about your proyect wich WE funded, start being vocal, share information and all this punching bag feeling will fade away, how?

Sit every other day? every week with dividends information? and write some minimal update, even when you need to repeat the information:

Hashrate running: X
Received Hashrate: Y  Pending Instalation: D

Mining on "pool 1" : F
Mining on "Pool 2" : G

Dividends details

Lawyer talks and replies

Problems solved, unsolved, potential.

Inform people, INFORMATION.

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.

Yes, I'm in the US.

I'm not advocating some sort of specific timeline for LRM response. I am only trying to get a majority
interest together in advance to be prepared in case it is needed.

There are more interested parties now and I am more confident on establishing a majority. Please
continue to PM me regardless of your holding amount. Every bit helps!

Count me in for any class action, im tired of being patient and understanding every lack of respect to us wich funded this, doesnt matter if you own 1 or 2000 bonds.

Alright; lets give LabRat time until wednesday.

If he does not reply until there, someone located in the US should prepare for a class action.

@rustyh17: My read is you live in the US?

I have received a significant number of bondholders who are interested. If you would like to
join this group, please PM me and I'll add you to our contact list. This list will remain undisclosed
until such time as we have determined whether a collective effort is even necessary. Thanks for
your help!

It is not really necessary for  minor bond holders to be involved at this early stage, if this reaches the stage where a class action is filed that will be the time that you need to join, right now all that is necessary is for a handful of the larger holders to come to an agreement on the best way to proceed which should happen over the next few days.

I would hope we will all be asked to join before anyone initiates proceedings.

Lab Rat - any danger of us share bond contract holders getting an update, or is your lawyer still sick or otherwise engaged?

If someone will do some collective lawsuit, please contact me also.

Looks like we are getting ready to sue.

I've already been contacted by a few members here, and we're tired of his bullshit.

so how many months will it take until LabRat provides an update?

I'd rather see a decrease in difficulty in the next chapter...