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[grnbrg]

Did you switch to the new contracts?
Why ? If you did or not, what lead you to the stay or move.

Some days I understand very clearly why the people running things start ignoring forums...

Yes, I'm pretty sure I've already indicated I have switched to the new contracts.  I did so last weekend.  I probably would have done so sooner, but it didn't occur to me until a day or two later that I actually had to send in an email. 

Here's my answer to someone else asking why:

1)  I think he has been doing his best to deal with the issues that were not foreseen in July last year in a way that A) Keeps him out of jail.  B) Fairly benefits the investors.  C) Keeps LRM operating.  And in that order, although B & C are closely related.
2) Overall, about what I expected.  I would have liked more detail on what hardware has been purchased, what has been delivered and what is yet undelivered (and when it is expected to arrive) but I didn't expect to hear that.  I have no "business" experience, but do understand that there are things that businesses keep confidential.  I also understand that he is limited in what he can comment on because "releasing information that is not mine to release would destroy relationships built with manufacturers".
3) In a perfect world, I would have preferred that a change in contract not have to occur.  Since it appears to be needed, then the new contract needs a start date.  Since (for better or worse) we now have all of the information we're going to get to make the choice, two weeks is not unreasonable.
4) I think if LRM fails it is far more likely going to be due to a lawsuit filed by investors who don't think they have been treated the way they thought they were going to be, than by Lab_Rat lining his pockets.  And if it does fail, I will be annoyed that yet another Bitcoin-related investment that I've tried my hand at has bitten me, but only annoyed.  I went into this with the attitude of "no more than I can afford to lose", and to date have seen at least some return on that investment. Admittedly less than "buy and hold", but I knew going in that this was going to be risky.  So as long as Lab_Rat isn't sailing around on a yacht that we bought (which I find highly unlikely) I'll chalk it up as an entertaining couple of years.

tl;dr In my opinion, I don't think Lab_Rat's intentions have changed since he started LRM, and I thought it was worth backing then.  I see no reason to do anything but continue forward. 

And the above is backed by ~1750 contracts.  I'd like to see some of the more negative posters volunteer how much skin they have in this game.  I know some of loudest have significant holdings, but not all of them.

grnbrg.

[grnbrg]

Grnbrg, put LostDutchman on ignore.

He's been asshurt for a very long time.

He basically is a self admitted scammer/fraudster (....)

Yeah, but when you see someone line themselves up for it, sometimes it's satisfying to set them up for a smackdown....

https://www.youtube.com/watch?v=oAKG-kbKeIo came to mind.  

I just hope that the LRM Monarchs ship before the torch-and-pitchfork crowd get a hold of BFL.



grnbrg.

[countduckula]

I'm very sorry if you already answered, i tend not to pay attention at all to any other posts but Lab_Rat unless i'm here when someone replies, since no one else can do or say anything that interests me more than the handler of the proyect, so yes, ill probably overlooked your post on purpose as i do with many others.

Sadly, since Lab_Rat doesnt provide information here, or in the company website or via email (3rd email already and nothing solid but a few links to the contracts), nor provides a plan like he did when at IPO and doesnt clarify anything about hardware owned, bonus, future, etc. Its been sad seing this proyect turn to crap due to bad management and 0 PR skills.

[CumpsD]

I'm very sorry if you already answered, i tend not to pay attention at all to any other posts but Lab_Rat unless i'm here when someone replies, since no one else can do or say anything that interests me more than the handler of the proyect, so yes, ill probably overlooked your post on purpose as i do with many others.

He has a point, sometimes you can go away for days without any replies here, and other days there are like 8 new pages :p

[birom]

From Lab Rat Official contract

Summary:
Each 1 bond of LabRatMining represents a portion of the total hashrate owned and operated
by LabRatMining.

This initial amount is guaranteed to be a minimum of 100MH/s per bond, but with future
installments of the company the hashrate per bond will also increase. Depending on the
speed at which the initial offering of bonds is completed, the 100MH/s estimate could raise
rather quickly.

Isn't this part of the contract pretty clear? where does he get 100mh fixed hashrate?

I don't understand how it can be interpreted as fixed hashrate neither. So therefore I don't understand how he can stop paying proportional mining profits from owned hashrate if someone doesn't switch to the new contract.

[rangerbob21]

Since the IPO of LRM, the global mining bitcoin hashrate has lift hundreds of times, however labrat just lifts the LRM hashrate only 2 times. In others words, labrat denied ipo terms and his promises to rob our most of bitcoins.
Please expose the finacial report, What we have bought is the LRM's stock not the LRM's bonds! We can not let labrat find a way to get around the rules.
I have to say: What a cheeky fraud labrat is! 

And just out of curiosity, how many bonds do you hold?



grnbrg.

At one time you were a voice of reason. Now, with this statement, you are nothing but a shill... Boo! grnbrg. 

[Flashman]

Yah that's pretty close to ad hominem or close to a moral high ground or appeal to authority type fallacy by insinuating the level of ownership relates to the validity of the opinion.

[daemonfox]

Yah that's pretty close to ad hominem or close to a moral high ground or appeal to authority type fallacy by insinuating the level of ownership relates to the validity of the opinion.

Only if the answer is "zero" does it matter.

[bobfranklin]

Yah that's pretty close to ad hominem or close to a moral high ground or appeal to authority type fallacy by insinuating the level of ownership relates to the validity of the opinion.

Only if the answer is "zero" does it matter.

Do agree - In my mind zero bonds = your opinion is yours, please keep it to yourself.

[KonstantinosM]

I think that there is a distinction between one who owns bonds and one who does not, however we are all equals whether we have 1 bond or many.

We should also hear from people with no bonds.

I want the whole situation cleared up, we should all at least have a general idea of the assets of the company and it's expenses.

I have a concern that the official website contains false information

http://www.labratmining.com/Bonds/buyBondsInfo.html

What Do These Bonds Do?

The bonds LabRatMining is making available to the public represent a portion of the hashrate the company is producing. This allows you to receive dividends weekly according to the amount of bonds you own without having to manage and host your own hardware. The current hashrate each bond represents can be found here.

Didn't we all get ripped of when the terms were changed without consensus?
I thought that was the general idea.

[tar_meneldur]

Yah that's pretty close to ad hominem or close to a moral high ground or appeal to authority type fallacy by insinuating the level of ownership relates to the validity of the opinion.

Only if the answer is "zero" does it matter.

Do agree - In my mind zero bonds = your opinion is yours, please keep it to yourself.

That was exactly grnbrg's point- LostDutchman posted awhile ago that he owned no LRM shares.

[grnbrg]

Yah that's pretty close to ad hominem or close to a moral high ground or appeal to authority type fallacy by insinuating the level of ownership relates to the validity of the opinion.

Only if the answer is "zero" does it matter.

Do agree - In my mind zero bonds = your opinion is yours, please keep it to yourself.

That was exactly grnbrg's point- LostDutchman posted awhile ago that he owned no LRM shares.

Yeah, but I was also whining about those who own a very small (but non-zero) number of contracts.... 

They are of course entitled to post, but I'm entitled to whinge about it occasionally.



grnbrg.

[rangerbob21]

Those of you deep into this debacle need to step up rather than hide and hope LR has your best interests in mind...

Cowardice for the sake of profit is still cowardice.

[daemonfox]

Those of you deep into this debacle need to step up rather than hide and hope LR has your best interests in mind...

Cowardice for the sake of profit is still cowardice.

I believe they have on their own... but it is not in their best interests to ever post here...

Bet though... their lawyers are already on retainer and LRM is due some hefty paperwork shortly.

[rangerbob21]

Those of you deep into this debacle need to step up rather than hide and hope LR has your best interests in mind...

Cowardice for the sake of profit is still cowardice.

I believe they have on their own... but it is not in their best interests to ever post here...

Bet though... their lawyers are already on retainer and LRM is due some hefty paperwork shortly.

Unfortunately, I am in no position to do the things I espouse.... I guess that makes me a hypocrite as well...

[bobfranklin]

Yah that's pretty close to ad hominem or close to a moral high ground or appeal to authority type fallacy by insinuating the level of ownership relates to the validity of the opinion.

Only if the answer is "zero" does it matter.

Do agree - In my mind zero bonds = your opinion is yours, please keep it to yourself.

That was exactly grnbrg's point- LostDutchman posted awhile ago that he owned no LRM shares.

Yep, well aware, was just weighing in my thoughts on it (even as someone with under 50 bonds).

[1247364403]

How to switch to new contract?

[sparky999]

How to switch to new contract?

Step 1: Buy some lube

Step 2: Bend over

[grnbrg]

How to switch to new contract?

Email LabRat@LabRatMining.com from a verified email address, and request the change.  Or you can PM me a signed request, and I will make sure Zach gets it.


grnbrg.

[babraham]

Is the contract holders list going to be updated before the deadline so we can confirm our request?  Thanks!