Topic: Lab Rat Data Processing, LLC (LabRatMining) Official Announcement - page 96. (Read 452224 times)

You DO realize that's the first time you've actually said that to us since you changed the terms, right?

Now it was worded with respect and reason as well as direction so I know how to respond.

Please read my post above.  I'm not looking to screw anyone over, but I'm going to do what I have to.

Also notice that there are disclaimers allowing for the contract to be changed as necessary to maintain legality and that contract holders do not have voting rights.

correction: 0.01% of original value (forgot the percent contains two decimals, don't want to exaggerate)

The very question implies a complete lack of understanding of the investment you have made. Your original 1 BTC investement, for accounting purposes, is converted to USD at the time it is was made. The tax system does not function under BTC - think of it as if you had bought Euros or Yen six months ago and then sold them today at a loss or a gain. Furthermore, the market is the place you go to sell your bonds (or whatever the hell they are actually supposed to be called) just like you would with any company where you wanted to sell your stake. There is no right of redemption in the "real world" of investments, nor should one be implied with any investment in the wild west of BTC land.  

I do not intend this reply as a defense of LRM or any other company in the world of BTC but rather as a comment on the seemingly basic and essential lack of understanding regarding accounting and business that seems to come through loud and clear when the shit hits the fan(s).

Also, while I took a pretty hard stance towards LRM in my initial reaction to this situation, I await further guidance from Zach, particularly in regards to the disposition of the incoming hardware, before a decision that this is bad or good. In fact, this may turn out very, very well not only for us but also for the entire space that this kind of business is working within. Its the bleeding edge people. Get your red blood cell count up because you might bleed a little more before its done.

Changes in BTC hardware are not important to the real concerns of people here. The biggest concerns are your intentions with their investments, and how well it correlates with the spirit of the original agreement told/sold to people. The right answer would be enough to calm people down and give you breathing space. No answer or a bad answer could get people in gear for a legal response.

I do think your splitting the contracts into three is a good sign. But knowing you are willing to keep doing this if needed would be helpful to know.

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.

I am not averse to the risk associated with the purchase of the bonds and I am aware that the investment may lose value. I am simply averse to the new terms implemented by the management of LRM. My risk was, still is and should only be pinned to the bitcoin markets et. al, not the seeming whims of LRM to change the terms without my explicit consent.

So, if I do not agree with the new terms do I get my original investment back in kind? I still believe this to be a completely fair question.

This too, whats currently on the website just pooped all over this investment. I put in 13 coins I expected 13 back, with the current proposition ill never see that happen.

no we are expecting a complete picture when you drop a bombshell and for you to responsibly present information when you reduce the value of our investment to 0.001% of your previous valuation of bonds.

That's the point of a forum you should never really expect a quick reply, however there have been large gaps between when you actually do post. Then we get this flurry like right now.

Its frustrating is all.

But how many hours were in between? People are expecting a response within 5 minutes of their post.

I understand what you mean but you misunderstood the fact that I will "instruct and direct" and then beg for official documents and statutes...

Just to legally clarify.  I officially do not accept the new terms and also request a refund.

I'm sorry but it took me about 15 minutes to read all the posts last night, and about 10 minutes while working to catch up this morning.

I am confused why this takes you 24/7 to accomplish, and what I think what we would all like to know is what the hell you are doing when you aren't posting here.

You have received part of this in weekly payments as long as you have held contracts with LRM.  Also there are disclaimers in the contract stating I am not required to buy-back contracts and that all investments carry risk.  I'm working on getting things going in a manner that everyone can agree on.  Please just don't throw out ridiculous statements and end it with "fair question."  That is equivalent to people who say "I don't mean to sound racist" and include the N word 5 times in one sentence.

I've dealt with many lawyers - you direct and instruct them - never beg & plead . They do, afterall, work for you. Unless, of course, they are working against  you.

No I can't as they are not my companies and releasing information that is not mine to release would destroy relationships built with manufacturers.

It has been done as an immediate fix, but the business world does not operate on same day basis unfortunately.  I can beg and plead for information today and I'll get answers by the end of the week if I'm lucky.

Actually you are the only one who can comment on them and how they pertain to LRM.

With the change to the original terms, If I do not agree, do I get my original 1 BTC investment back? Fair question, I think.