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Topic: Lab Rat Data Processing, LLC (LabRatMining) Official Announcement - page 87. (Read 452224 times)

hero member
Activity: 729
Merit: 500
You're asking for a legal document.  Who said any of this is legal?  Loan Sharking isn't legal but some people make money at it. 
sr. member
Activity: 294
Merit: 250

there is no document its a scam...
So why did YOU invested then? Logic please Tongue

Stupid has no logic  
 
hero member
Activity: 737
Merit: 500
Please tell me where the official document is.

Keep asking every 10 minutes.  I'm sure it will increase the chances that you get an answer.

there is no document its a scam...

Scam or not, asking every 10 minutes will not make a difference...

hero member
Activity: 728
Merit: 500

there is no document its a scam...
So why did YOU invested then? Logic please Tongue
sr. member
Activity: 294
Merit: 250
Please tell me where the official document is.

Keep asking every 10 minutes.  I'm sure it will increase the chances that you get an answer.

there is no document its a scam...
hero member
Activity: 737
Merit: 500
Please tell me where the official document is.

Keep asking every 10 minutes.  I'm sure it will increase the chances that you get an answer.
sr. member
Activity: 294
Merit: 250
sr. member
Activity: 335
Merit: 250
Where is the contract/bond official document?

My Lawyer has confirmed that it is illegal to sell publicly listed securities without providing this information.




according to the website:

Quote
LabRatMining is Announced to the Public

After a lot of preparation, Lab Rat Data Processing, LLC operating under LabRatMining, is being announced to the public. An official statement is being released at Bitcoin Talk and at Butterfly Labs forums. You may read the full announcement there. The IPO is expected to take place in the very near future.

this is the official place, since the BFL thread has been dead since last year.

so check the first few pages of the forums

FYI, Labrat says it's bitfunder, but his website says different.  That, and bitfunder is gone.  So, I'd go with here.
sr. member
Activity: 294
Merit: 250
Where is the contract/bond official document?

My Lawyer has confirmed that it is illegal to sell publicly listed securities without providing this information.

sr. member
Activity: 294
Merit: 250
Please can someone show me where the Bond/Contract details are.

sr. member
Activity: 335
Merit: 250
If you want to vote go create a poll pls....


As of this "unknown problem", Labrat is doing he's best since the early order at BFL. He has always tried to find the best solution in any problem. And that's why he's still got this running.
Many others would have closed down and did close down after the bond exchange setback. Yet Labrat found a way to keep it going. For me these are temporally setbacks and a solution will be provided in good time.

In Short:
From what i gathered over the years about Labrat, He got more to lose then most of us combined. So he will find a way.

For those with no faith. Just sell your bonds and take your loss. You should always know everything in BTC is a risk.


Agree on the poll, please don't spam the thread with voting.

"Many" did not close down because of the share exchange shuttering.  Keeping the doors open is the minimum requirement for business not a bragging point.  We've been told that a method to trade shares was in the works since the exchanged closed.  That has not happened.

Your extensive "multi-year" research project on the character Labrat and his business prowess is conjecture.  Many people go into business thinking they can manage a situation, only to find the situation has more business complexity than they realized.  I'm not saying this is the case.  I'm saying we need some due diligence here ascertain what's going on with the company.  With last months silence and the recent silence, it's impossible to say exactly what state the company is in, where we are headed, and why we are going there.

Business is not about "faith".  Business is fact.  Business is managed.  Business is accountable (in both senses of that word).  I do not need faith, I need some facts and a complete picture, which has been missing quite some time now.

Selling my bonds? lol, we can't they are utterly worthless right now.  have you been to the trading thread? I tell you what, since you have so much faith, why don't you put your money where your mouth is and supply the exit strategy?  buy bonds for .03 each (post x3 split), we will leave the forums happy, take the loss and you can know your faith has been rewarded.  I personally wouldn't be handing out investment advice on here, unless you're willing to back it.

Everyone with a stake in this has a right to an opinion, but I will refute and discuss it, as that's the nature of forums.
newbie
Activity: 2
Merit: 0
If you want to vote go create a poll pls....


As of this "unknown problem", Labrat is doing he's best since the early order at BFL. He has always tried to find the best solution in any problem. And that's why he's still got this running.
Many others would have closed down and did close down after the bond exchange setback. Yet Labrat found a way to keep it going. For me these are temporally setbacks and a solution will be provided in good time.

In Short:
From what i gathered over the years about Labrat, He got more to lose then most of us combined. So he will find a way.

For those with no faith. Just sell your bonds and take your loss. You should always know everything in BTC is a risk.
newbie
Activity: 22
Merit: 0
Just in case Lab Rat is unsure how bond holders feel about his actions to date.

Lets have a vote:

+1 if you believe Lab Rat is doing a good job
-1 if you believe Lab Rat has done a bad job

-1

-1
hero member
Activity: 728
Merit: 500
Just in case Lab Rat is unsure how bond holders feel about his actions to date.

Lets have a vote:

+1 if you believe Lab Rat is doing a good job
-1 if you believe Lab Rat has done a bad job

-1
+1 for no spam, thx
hero member
Activity: 630
Merit: 500
Just in case Lab Rat is unsure how bond holders feel about his actions to date.

Lets have a vote:

+1 if you believe Lab Rat is doing a good job
-1 if you believe Lab Rat has done a bad job

-1

If only I could live in your Black & White world...

PI/4 is my response... Zach COULD BE doing a BETTER job... he will receive a -1 if the final answer on how incoming hashrate is handled is not satisfactory.
sr. member
Activity: 294
Merit: 250
Just in case Lab Rat is unsure how bond holders feel about his actions to date.

Lets have a vote:

+1 if you believe Lab Rat is doing a good job
-1 if you believe Lab Rat has done a bad job

-1
sr. member
Activity: 294
Merit: 250
Lets be absolutely clear about this.

Lab Rats own actions will define if he goes to jail or not.

I have no interest recovering lost funds.  If he is a fraudster he will pay with his time and his sphincter.

If he is not a fraudster then he has nothing to worry about.

Lab Rats peers are sam noi from lab coin and Ken from active mining.  Both of these scams are being investigated and jail awaits them.

I like others had full faith in Lab Rat from the beginning.  Slowly over time that faith was eroded by bad communication and suspicious actions.

Only Lab rat can restore this faith and I eagerly await his next move. 
sr. member
Activity: 335
Merit: 250


While purely speculation, I'd say some state(s) sent labrat some nastygram(s) which required immediately restructuring of the offering to stay on the right side of the law.  I'd suspect labrat will be fairly quiet until the final resolution is done.  For example, how can he promise you anything if he doesn't know what the end result will be yet?  Same goes for the new hardware.  When this is all over, I wouldn't be surprised if we get a "Oh by the way, the new hardware arrived and has been mining for a month.  He's a back payment of 300 coins!"  The "fixed" thing is just to make the suits happy.  At the end of the day, labrat will figure out how to ensure we still get the same value while keeping all the suits happy.  

And you could very well be somewhere close to reality.  I'd rather deal with what is known.  

On an aside, none of those questions  ask for him to promise anything.  They are meant to re-establish trust that LR is properly considering, and has reasonable awareness about, the situation and the decisions he's made on the solution he announced.  It's just due diligence within business, not some wild concept.

Edit: also the assertion that this happened suddenly doesn't align with his previous statements, though it is admittedly possible.  Another reason for clarification.
sr. member
Activity: 672
Merit: 251


I could get behind that, especially if  we could see the blockchain activity from mining.  we would know exactly what was happening.

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?

bump

While purely speculation, I'd say some state(s) sent labrat some nastygram(s) which required immediate restructuring of the offering to stay on the right side of the law.  I'd suspect labrat will be fairly quiet until the final resolution is done.  For example, how can he promise you anything if he doesn't know what the end result will be yet?  Same goes for the new hardware.  When this is all over, I wouldn't be surprised if we get a "Oh by the way, the new hardware arrived and has been mining for a month.  He's a back payment of 300 coins!"  The "fixed" thing is just to make the suits happy.  At the end of the day, labrat will figure out how to ensure we still get the same value while keeping all the suits happy.  
sr. member
Activity: 335
Merit: 250


I could get behind that, especially if  we could see the blockchain activity from mining.  we would know exactly what was happening.

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?

bump
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