-

[spuushie]

Fair words Endlessa, its all about arbitrary forcing us to accept a concept chnage along with a huge change in the terms of contract in several aspects, and the lack of information about it.

I hope it goes very well for the plaintiffs, whatever comes for Zach, he created it.

That works so well for the rest of us...

[1714745244]

1714745244

[1714745244]

1714745244

[1714745244]

1714745244

[1714745244]

1714745244

[countduckula]

I'm part of the "Us", i just dont have any hope in this proyect anymore, i already lost 75% of my investment.. but hey!.. great news! invest a little more!

What are you afraid of? Losing?.. you already lost right now, does any people expect ROI? in what? 25 million years?

I got a better return in pbmining than this in half the time and i get 8 times a week what i get on this for the same investment today.

[sparky999]

I don't blame you guys for filing at all - if Zach didn't uphold his side of the agreement in your eyes you have every right. Of course it sucks because Brandon (Bargraphics) is not suing for the money (although the rest of you might be) he is suing because he wants Zach to pay a huge price for deceiving/messing him around.

FWIW I assume this reaches settlement before it goes to a trial date, I can't imagine Zach wants his bonds/contracts whatever dragged through the court system if he can avoid it.

[fractal02]

Ohh ok...Brandon is Bargraphics...

Well...That suck...but i can understand.
I put 24 BTC in LabRatMining...because i trusted LabRat    every week i see my Div melt like snow in the sun and no clear vision for re-investment from LabRat.

And, yes...no exchange or "real" place (not forum page) to trade the bonds is a pain and maybe not so fair.

I hope they can find an arrangement

[spuushie]

I'm part of the "Us", i just dont have any hope in this proyect anymore, i already lost 75% of my investment.. but hey!.. great news! invest a little more!

What are you afraid of? Losing?.. you already lost right now, does any people expect ROI? in what? 25 million years?

I got a better return in pbmining than this in half the time and i get 8 times a week what i get on this for the same investment today.

I know and you are spot on. But voting against your own investment dude!

Guess I am way deeper in this shit than you.

ps. Try my link, pbmining is good. But so is spiting the risk. I learned that the hard way! Guess the only way I learn

[countduckula]

Going against my investment means that i have some kind of hope about it, and i really dont, i paid an expensive ticket now im just riding the horse til it dies.

When i decided to look at BTC/LTC, i wanted diversify my investment and consider many options, LRM was by far my worst pick, started serious, with flow charts and proyections, fluid and constant comunication, clear idea, now... all that is dead and buried, and if you add a drastic and unilateral destruction of the original agreement, miserable payouts, no future plans (at least none shared).

Final result : Loss of the 65%? of the investment.

Might be a good choice to return the BFL refund to us all directly for at least a decent week payout without taking anything out of it.

As far as the link goes, im done loosing money =)

[karusloom]

so no more payouts ?? todays are missing already...

[elitenoob]

so no more payouts ?? todays are missing already...

troll somewhere else...in the past it was not unusal to get it a day later

[countduckula]

Its not normal in an anormal proyect like this, if a company seeking investors offers to pay dividends each saturday, it should pay on saturday and if commitments show up, it shouldnt be taken on times that should be allocated to the company to pay to those who allowed the company to exist.

In all this anormality, from the forms and etiquette, information sharing, arbitrary change of terms, arbitrary dividends, unexplained expenses, among lots of others issues that this proyect its plagued with make the "no dividends on saturday" normal when it shouldnt be.

[Lab_Rat]

I am paying out distributions shortly, just had a lot going on and been working on the known issues.

[Lab_Rat]

Due to the circumstances you are all aware of at this point, unfortunately there will be no bonus paid out this week.  There were some increased expenses, which may occur periodically over the next couple of months.  I will try to keep these to a minimum.

Bonuses should continue as usual next week and it is still in the plans for the company to expand in the near future.

Payout:

BTC2.38580626

Per Contract:

BTC0.00001338

[Mindsync Miner]

This lack of bonus is the kind of thing that *might* fly if there were any transparency in the operation.
As it is it's inexplicable and demonstrates that those of us who trusted you to pay bonuses honestly were in error. How are we to know how much is going to pay what? How much might be pocketed?

It's never too late to start Zach. Everybody has been clamoring for full transparency from the start. You have zero chance to sell new shares to anybody but the gullible if you don't open the kimono some.

[btcpup]

If I ran my company this way I would be in prison.

[countduckula]

Funny how someone expected to get "some" of his money back.. ill go spend my 1.37 on... is there anything i can buy with that?

Thank god i got $80 from my similar investment in Pbmining, there im at 75% ROI in about 3 months, 57 months of contract to go.. they just pay every week at the time it should, no more no less, just pay.

[runam0k]

Due to the circumstances you are all aware of at this point, unfortunately there will be no bonus paid out this week. 

... and it is still in the plans for the company to expand in the near future.

Payout:

BTC2.38580626

Per Contract:

BTC0.00001338

You still expect people to buy into this shit?

[sparky999]

I think it's time to tell shareholders how this case came about Zach. I feel like if you are stopping bonus payments (even for one week or two here and there) then you owe people a thorough explanation after they trusted you.

[pontikis13]

    In all honesty I stopped trusting Zach a loooong time ago. It's been one scammy move after the other.  From the moment he started using our dividends for hardware reinvestment indefinitely beyond the 2 week period it became clear to me at least, that his plan was to create the largest possible mine for himself in the long term regardless of if we investors ever made any profit or even get close to ROI. Since all the hardware would inevitably end up as his own personal property he would at some point declare the operation to be no longer profitable and go on to live a nice rich life mining away with all the hardware we paid for.
 
    I'm really not surprised that he is using our money to pay for the legal problems he created all by himself by behaving like a complete scam artist on several occasions. His answer to every problem he has is to steal our dividends. "You don't like the breach of the original contract? How about I steal your dividends until you accept the new one!"  Transparency? Yeah whatever. Communication? Yeah whatever. 2 week mining period? Yeah whatever.  Original contract? Yeah whatever. Moving shares to an exchange where they can be traded? Yeah whatever.

    To be honest I hope these guys manage to win in court and take every piece of hardware we paid for away from his possession. That is if he hasn't already hidden away a portion of the hardware in a private pool the moment it was purchased or already stolen a large portion of the dividends which don't seem to add up. It's not like there is anyway for us to know. Is it wise to blindly have faith in some guy over the internet?  Sure I might make a tiny percentage of my investment back if he goes unpunished but I would rather lose that for the sake of justice. I would love to believe that all this was a result of honest mistakes on Zach's part but my logic doesn't permit that.

    At this point there isn't a doubt in my mind that this is merely the result of greed.  Results speak for themselves. We didn't get the hashing power we were supposedly going to get. We no longer have rights as shareholders. We aren't able to trade our shares on an exchange. We just started not receiving the "discretionary" bonus. We are completely in the dark about everything an investor would normally be aware of regarding his/her investment.  BUT we are able to buy more contracts!!! Just give MORE money to Zach and expect nothing in return! It all adds up!

[elitenoob]

Wait for a word from LabRat.

I poked him for a comment.  I wouldn't expect him to do much more than acknowledge the fact that the suit exists, though.  Even amateur internet lawyers know that if you are the focus of a lawsuit, you STFU and don't say anything about it.

It sucks, no way around it.  Hopefully it's over soon, with as little cost as possible.


grnbrg.

He could have mentioned the fact that a lawsuit exists before someone buys contacts/shares[whatever_you_may_call_it]

He Pmed me about buying shares and he actually liad to me because he never mentioned a lawsuit!

I am not proud to public private messages but well...

Hello elitenoob,

I'm about to launch the new site on which you will be able to purchase contracts direct via BitPay and I'm looking to secure additional funding for Dave's franchise program, Spondoolies at an unbeatable price, and I'm also looking into expanding into Scrypt depending on the opinion of contract holders.

My sale price for packs of 1000 contracts will be at 0.00425/ contract so it will save you a little based upon your bid on the contract purchase thread.  If you're interested please get back to me via email at labrat@labratmining.com and I can arrange to sell you contracts direct before launch of the new site.  This will allow you to gain the benefits of 1 or 2 additional contract payouts before the site goes live.

Please do not share this info on the forums as it is going out with a proper announcement.

Thanks,
-Lab_Rat

[countduckula]

Another shady thing.. wondering how many of this "do not share" msgs are there.

[Flashman]

Heh, he needs to come up with some catchy slogan for selling those better, like

"A quarter the power of an Ant s3 for only 4 times the price! Profitability that's hard to believe! The most unique value proposition in bitcoin mining today!"