NuLagoon fee request from 13 May to 14 Jun

[henry]

Dear NuShareholders,

We would like to ask NuShareholers or the representative of NuShareholders pay NuLagoon the custodian fee between 13 May 2016 to 14 Jun 2016

• The Last passed NuLagoon fee grant is to 12 May 2016. The reference post is this:

[Passed] NuLagoon custodian fee request from 15 Apr to 12 May 2016

Dear Shareholders: As reported in the http://nulagoon.com/data.html , the accumulated Custodian Fee is 4760 NBT from 15 Apr to 12 May 2016. Please grant custodian fee to the pools. Thank you. B5HupPg3ELbuaz4cuuGNoxREuVKJPZTToa, 4760.00 NBT The Nu Lagoon manage team Note: A new motion is voting at https://daology.org/p/d9fee1a6617a7f0201afc61bc61f548b98bcb62d After the motion pass, NuLagoon will act according to the new motion. Thanks.

• The following is the fee request which FLOT didn’t pay.

NuLagoon Liquidity Operation Monthly Report for May 2016

According to the motion 9d3538c6e95e0cfeae7afeeb5e82874a25040276 https://discuss.nubits.com/t/passed-accessible-liquidity-encompassing-nulagoon-contract/3709, we report NuLagoon liquidity operation in May here. Monthly Report for May 2016 (please advise) We are supportting the three trading pairs on the Tube, Poloniex and HitBTC. Watching NuBots status and watching the network wide liquidity every other day. Make effort to find new source to attract more fund into the pool and more activity …

• we suspended NuLagoon operation on Jun 14. Announcment made at:

NuLagoon/NuLagoon

• The motion effective before 22 May is :

b5e709a59226b979e4cb59e6d3a3e06b506e3761 and ae07a18b22e20e38d6bf7559e320c1728d7a62dc

• The motion effective begin at 22 May is this:

[Passed] Accessible Liquidity - Encompassing NuLagoon Contract

Hash: 9d3538c6e95e0cfeae7afeeb5e82874a25040276 Text: Funding and Accountability NuLagoon support will continue indefinitely. Starting from the day in UTC that this motion passes and onward the compensation for active NuLagoon liquidity operations will be $150/day. Days in May before the passage of this motion will be prorated at $167/day. A monthly report must be submitted by NuLagoon in a public, shareholder accessible way no sooner than 5 days before the first of the month. There w…

Fee before 12 May is already paied by fee grant. Fee from 13 May to 14 June, when the new motion passed, is 9 * 176. Fee from 22 May to 14 Jun is 24 * 150. Total: 176 * 9 +150 * 24 = 5184 NBT

NuLagoon can receive the fee (5184 NBT) with the address: BLGdraBCznbtQjM6V7jWUyrcn9Uzihy4Y3

Thanks.

Henry

[Sabreiib]

So Nu is going to pay LP again, how long can this ponzi last? When will the next crush come?

[Phoenix]

So Nu is going to pay LP again, how long can this ponzi last?

We won’t be continuing with a 5000 US-NBT payment to NuLagoon each month. The new negotiated rate is 500 US-NBT per month. However, my understanding is that Nu is contractually obligated to make this one last payment under the old contract. Following NuLaw and fair practices are a very high priority. So, as I understand it, 5184 US-NBT must be paid to NuLagoon.

If anyone can bring information to light that indicates we should not pay this invoice, I am listening. I will wait 2 days to make the payment of 5184 US-NBT to NuLagoon to allow objections to be made and examined.

[Sabreiib]

It sounds good, in fact we can print money from nowhere, the key is “not too much”, so that the relative low expenditure can be absorbed by share price fluctuation.

[henry]

The 5184NBT fee was received. All the fee that NuShareholders owned to NuLagoon within the old contract was paid off.

Thank you for acting in integrity and keeping the promises.