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[Bargraphics]

Shares     Status             Percentage
37713      Verified             68.31%
6067        Failed               10.99%
11427      Did not receive   20.70%

Looking at the "DID NOT RECEIVE", just the first 5 holders make up 52.77% of those 11,427.
I'm guessing that those folks holding north of 500 shares are going to be pretty motivated
to get registered. My guess is that they are simply off the grid and haven't heard the news.

Don't say such things, maybe they walked away never to return

I think we all could use a ~20.7% increase in dividends!

[1715467423]

1715467423

[zulover]

just need a confirm email recieved please.

[BKM]

"The List" -- https://drive.google.com/file/d/0BwZCh0jtSZkwNGVkRk50Wno3Q00/edit?usp=sharing

If you Failed Verification, that means one of many things.  You didn't put in the required info, you sent me an armory signature, or you did some weird stuff that I couldn't figure out.

This does not mean you can't send me another email!!!!!!!!!!!!!

If you sent me an armory one, I just didn't get a chance to set up an armory.  Send me the email again as I lost track of which were armory.

Some individuals left the body of the signed message blank or added carriage returns to the end, and I figured out some of them that I should have gave up on sooner.  Those of you who failed... Just put EXACTLY  what you put in the signed message in the email and give the message signature.

I guess I sent my first message too early - signed message sent again - I checked the verification prior to sending

TYVM

Resent again with the correct format per the info reposted by Bargraphics..... I really need to get better at following instructions - even my wife tells me this, regularly

[Mindsync Miner]

Was it ever specified what happens to unclaimed shares?  Some here have made the assumption that all of the hashing would simply be divided fewer ways, therefore more hashing per claimed share.

Apparently a plan for such circumstances wasn't outlined in advance.  As I see it LR has many options what to do with unclaimed shares.  Not every option would benefit the verified shareholders.
 
I know you're busy Labby but an official word about what is planned would be appreciated.

[fran2k]

Was it ever specified what happens to unclaimed shares?  Some here have made the assumption that all of the hashing would simply be divided fewer ways, therefore more hashing per claimed share.

Apparently a plan for such circumstances wasn't outlined in advance.  As I see it LR has many options what to do with unclaimed shares.  Not every option would benefit the verified shareholders.
 
I know you're busy Labby but an official word about what is planned would be appreciated.

This? >>

If you do not verify ownership of your bonds via this method by Thursday, Nov. 7th, your bonds and accrued dividends will be absorbed by LRM.

Not sure what that means.

LabRat, Can you post this stuff about claiming ownership of the shares in the News in BitFunder ?

[CumpsD]

Hmm, mine Failed, probably because of signing using Armory

[CumpsD]

"The List" -- https://drive.google.com/file/d/0BwZCh0jtSZkwNGVkRk50Wno3Q00/edit?usp=sharing

If you Failed Verification, that means one of many things.  You didn't put in the required info, you sent me an armory signature, or you did some weird stuff that I couldn't figure out.

This does not mean you can't send me another email!!!!!!!!!!!!!

If you sent me an armory one, I just didn't get a chance to set up an armory.  Send me the email again as I lost track of which were armory.

Some individuals left the body of the signed message blank or added carriage returns to the end, and I figured out some of them that I should have gave up on sooner.  Those of you who failed... Just put EXACTLY  what you put in the signed message in the email and give the message signature.

I mailed my Armory block again, could you let me know when you update your list?

[SimonBelmond]

Was it ever specified what happens to unclaimed shares?  Some here have made the assumption that all of the hashing would simply be divided fewer ways, therefore more hashing per claimed share.

Apparently a plan for such circumstances wasn't outlined in advance.  As I see it LR has many options what to do with unclaimed shares.  Not every option would benefit the verified shareholders.
 
I know you're busy Labby but an official word about what is planned would be appreciated.

This? >>

If you do not verify ownership of your bonds via this method by Thursday, Nov. 7th, your bonds and accrued dividends will be absorbed by LRM.

Not sure what that means.

LabRat, Can you post this stuff about claiming ownership of the shares in the News in BitFunder ?

LRM = Lab Rat Mining

Therefore i figured that the bonds will be absorbed by the mining operation and not Lab_Rat. Everything else would quickly raise accusations into the direction of "scammy" I guess.

[grnbrg]

Was it ever specified what happens to unclaimed shares?  Some here have made the assumption that all of the hashing would simply be divided fewer ways, therefore more hashing per claimed share.

Apparently a plan for such circumstances wasn't outlined in advance.  As I see it LR has many options what to do with unclaimed shares.  Not every option would benefit the verified shareholders.
 
I know you're busy Labby but an official word about what is planned would be appreciated.

This? >>

If you do not verify ownership of your bonds via this method by Thursday, Nov. 7th, your bonds and accrued dividends will be absorbed by LRM.

Not sure what that means.

LabRat, Can you post this stuff about claiming ownership of the shares in the News in BitFunder ?

LRM = Lab Rat Mining

Therefore i figured that the bonds will be absorbed by the mining operation and not Lab_Rat. Everything else would quickly raise accusations into the direction of "scammy" I guess.

Meh.  Personally, I think that it's still a very short time before the bonds are voided.  90 days past the deadline (January 24th or so?) seems much more reasonable.  Not my rules, though.


grnbrg.

[fractal02]

@LabRat : email sent, please confirm.

confirmed, yours and about 84 others.

Labrat or grnbrg....

From the list :

"242 1NY4JjTBJuj6EgA9BQ6bXyKdyVThrDRuQk Did Not Receive"

Come on guys...  

So... i need to resend the mail with signed message ?

I send it already and LabRat confirmed it.

I don't want my dividends "rolled over to the following week."

[babraham]

Sent email with signature again... lets hope this one sticks

[Epoch]

"I am retired and have bought 500 LRM bonds as a way to get a no-hassle, steady stream of BTC income while I go on with my life in other endeavors. I like to travel the world now, enjoying my life, and am sometimes away from home for months at a time. Sometimes years. I don't waste my time reading the forums or websites too often; honestly I have higher and more fulfilling priorities in my life.

"Imagine my surprise when I return home for Christmas to find that, due to no fault of my own, Lab_Rat has seen fit to "absorb" my 500 bonds and leave me with nothing. My bonds have been stolen by the issuer, and I have not been compensated. I'm quite sure my lawyer and judiciaries would have a field day with that.

"There is nothing in the contract I entered into with LRM stating that I must be 'verified' or do anything other than pay for my bonds and provide a BTC address. LRM has the entire shareholder list from Bitfunder, in the form of payout addresses and bonds held. Mine among them. He has been paying dividends to that address since the beginning, and there is nothing preventing him from continuing to do so. As long as I hold bonds, he is bound by contract to continue to pay. He cannot arbitrarily decide to change the terms demanding further information from anyone as a condition of continued payments or, worse, forfeiture of bonds.

LRM has a list that says "address 1xyz holds 500 bonds". There is nothing more he needs to know than that, and it is all that I (and LRM) agreed to when entering into our contract at point of sale.

Now, the above story is just that: a story. It isn't true. But the points it makes are relevant to all bondholders here.

If anyone finds their bonds "absorbed", it isn't difficult to see that is tantamount to thievery. If LRM wants to arbitrarily change the contract terms as he seems to be doing, he first needs to make 'reasonable' attempts at contacting people ('reasonable' being the very clear legal definition of the term, not his own arbitrary definition) and provide a 'reasonable' way of people to opt-out if they do not find these new terms acceptable.

The correct action from LRM, for people who cannot be contacted or 'verified', is to opt them out ... and that doesn't mean 'absorb' their bonds; it means buy back their bonds at 'reasonable' market value and send a final payout to their last address on record. Nothing complicated about it. Situations like this are not uncommon, and there is ample precedent. "Absorption" of bonds would not go over well in the courts. Not for LRM, anyway.

The reality is that verification is necessary only for those wishing/needing to change their payout address. For the others, the majority who are fine using their existing payout address, verification is unnecessary.

LRM is taking a 25% 'management fee' from everyone's dividends. He has a lawyer. It is long past time to use him, because what I've been reading in this thread as 'official news' is ridiculous.

Perhaps a minor point, but I'll add it: I am irritated that LRM has charged a fee for his recent dividend payment outside Bitfunder. Due to negligence, or incompetence, or ignorance he used multiple transactions to send out dividends when he could have simply used a single multi-transaction. He screwed up and has taken money from all bondholders instead of eating the fees himself. Without their consent or prior knowledge, for goodness sake. This was especially hurtful to the small bondholders, of which there are many.

He's pulling in BTC hand over fist with his 25% rake and still has to nickel-and-dime the small investor to cover his own mistake? And he doesn't want to own up and say "sorry, I screwed up" and return the funds? I'm not sure what to say to that ... but it is nothing less than shameful.

[mr.vrox]

sent.

[bigasic]

I think I added my personal email address (only the bond companies that I own can see it) So, I would assume that he should use that feature and send an email to everyone that put one on bitfunder. I sure would be mad if I came back from either a long vacation or from the hospital only to fine my bonds "absorbed" but I have a feeling if someone came back and proved that they were the owners, LR would make it right.

[contactmike1]

I think I added my personal email address (only the bond companies that I own can see it) So, I would assume that he should use that feature and send an email to everyone that put one on bitfunder. I sure would be mad if I came back from either a long vacation or from the hospital only to fine my bonds "absorbed" but I have a feeling if someone came back and proved that they were the owners, LR would make it right.

This.  ^^

Absorbed bondholders should be able to claim their bonds anytime after the deadline if they can prove ownership of the address.  However, they will have lost the interim dividends since the dividends are not held or rolled over.

[twmz]

So... i need to resend the mail with signed message ?

I send it already and LabRat confirmed it.

I don't want my dividends "rolled over to the following week."

Yes, send the message again.  It's easy, and it does no harm.

[bobfranklin]

I've resent mine. Waiting on update.

[elitenoob]

Absorbed bondholders should be able to claim their bonds anytime after the deadline if they can prove ownership of the address.  However, they will have lost the interim dividends since the dividends are not held and rolled over.

Guess that would be a fair solution for those that didnt verify.
So others get their dividends untill they verify any time and get dividends as well.

[fractal02]

Resent again...

[Epoch]

Absorbed bondholders should be able to claim their bonds anytime after the deadline if they can prove ownership of the address.  However, they will have lost the interim dividends since the dividends are not held and rolled over.

Guess that would be a fair solution for those that didnt verify.
So others get their dividends untill they verify any time and get dividends as well.

Um, no, it would not be fair.

The dividends would need to accumulate and ALL of them paid out when the claim is made. Dividends earned by unclaimed bonds do not belong to LRM nor anyone else; they belong to the bond holder on record. And that bondholder is entitled to all of the accumulated earnings. It isn't rocket science. GigaVPS, upon consultation with his legal representative on GigaMining/TeraMining, came to the same conclusion about unclaimed GigaMining shares which he explains in his own thread.