Topic: [ANN][KARM] Karma / ₭ / X11 - page 135. (Read 583113 times)
Dump again on mintpal
So that's where all your questions came from......you were acting like a potential investor as well.
I asked my attorney to evaluate the legal standing of Karmashares LLC and he advised that it would not likely pass an SEC review. From all outward appearances that it was a solicitation of an unregistered security and certainly from a largely unsophisticated investor based on what we read here.
So I invested in GIVE instead which has the same type of goal, but is way more transparent.
Better to help support the KARMA community at an arms length and in a legitimate Non Profit IMHO
You have to ask "for who's benefit" are you involved in KARMA, and then determine how much of a hypocrite you might be...
-dvd
We've already been over what a security is, more times that I can count.
Do you know the definition of what a security is, and how that applied here?
Yes I do, as does my law firm who is also crypto-savvy.
Here is what they said:
"Several of the earliest cases involved the wireless cable scams perpetrated
in the 1990s. These
programs raised funds from hundreds of unsophisticated retirees – scattered
over many states – through the sale of interests in member-managed LLCs.
Despite the fact that these LLCs were member-managed, all courts held these
interests to be securities. See: SEC v. Shreveport Wireless, 1998 WL
892948,1998 US Dist LEXIS 23086, [1998 Transfer Binder] FED SEC L RPTR
(CCH) ¶ 90,322 (D DC 1998) (sales to 2000 geographically diverse investors);
Nutek Information Systems v. Arizona Corporation Commission, 977 P2d 826
(Ariz App 1998) (sales to 920 investors)"
It also worries me that they claim "Please note that Karmashares membership
is only offered privately, not publicly." EVEN THOUGH THEY DESCRIBE HOW TO
GET KARMASHARES RIGHT THERE ON THE PUBLIC WEBSITE, including a link "Send
karmacoins here to get karma shares."
And, in the same paragraph we see, "100% of profits will be distributed to
members on a quarterly basis according to each member's percentage owned of
Karmashares LLC." right next to "Further, exchanging your coins for
membership should not be considered an "investment""
The SEC isn't stupid. If it walks like a security and quacks like a
security, they'll treat it as a security.
I wouldn't touch this with a ten block pole."
I wasn't asking for anecdotes but for actual legal wording.
Karmashares alternative scenarios.. "It could have been done better"
http://karmashares.com/forums/index.php/topic,618.0.html
http://karmashares.com/forums/index.php/topic,618.0.html
.............................. You are not worthy of such a leader as KOSMOST
I have no claim to the leader, but I will tell you one thing ..... If I am the leader never, never left the ship without any notice !!! Remember it! I have the honor, if you know what that means! I put this coin in over 500 LTC and for a moment I did not think to sell !!! I'm much of a loss, but I have promised not to sell and a KARMA! That's what distinguishes me from kosmost!
Quote
Me and my other web site designers have done FAKE SITE.
No comment's!
Let's be honest. I'M NOT FROM INDIA. Me and my other web site designers have done FAKE SITE. Nothing happened, no one sent us karma. But we did it because they saw the huge potential in it. we have invested with him his $ 5,000. for us it is a lot of money, and in July we did not sell when it was karma Litosh 500-600. I am very sorry that not contacted KOSMOST earlier and did not help the community and just watched. I was calm because the person worked professionally. A true professional
your loss of money IS kosmost fault!!!!
an leget offer should of brought value (even if refused)it was handled very very poorly... most think it is a lie.
then he did what he thought was right(right for himself anyways)and said it effected his health(he here more now than before)time to learn a lesson for us all and move on.
an leget offer should of brought value (even if refused)it was handled very very poorly... most think it is a lie.
then he did what he thought was right(right for himself anyways)and said it effected his health(he here more now than before)time to learn a lesson for us all and move on.
I'd really like to get acquainted with the reality KOSMOST and learn something new or work with him or at him. Since man has a very strong and sharp mind. If you assholes helped him everything would be fine. Now karma never rise again because all lazy and no one will do just as KOSMOST. He's right that he left you. You are not worthy of such a leader as KOSMOST
You're all idiots and morons. KOSMOST holy man and not a fraud. I'm a cheater, I tried to take over karma fake site. But even as I saw KOSMOST worked. You have to beg him to KOSMOST PLEASE RETURN. I invested my $ 5,000 in karma and did not go to sea this year because karma and keep waiting profit. And now I have 500 dollars. Because of you assholes. KOSMOST- you are the best and most intelligent
Sorry, but you are drunk or you're on drugs!
The man who believed thousands of investors, which would give the keys to his house ... it turned deserter! The man who utterly bankrupt thousands of investors who gave their last money! And you believe this guy?
You're all idiots and morons. KOSMOST holy man and not a fraud. I'm a cheater, I tried to take over karma fake site. But even as I saw KOSMOST worked. You have to beg him to KOSMOST PLEASE RETURN. I invested my $ 5,000 in karma and did not go to sea this year because karma and keep waiting profit. And now I have 500 dollars. Because of you assholes. KOSMOST- you are the best and most intelligent
@Kosmost, can I ask you to delete it from your signature "Karma Project Lead" !!!
After all you've done for this community is a crime to have this banner!
After all you've done for this community is a crime to have this banner!
It seems like that this coin is backed very well
from the community even now after all what happend in
the last weeks.
Try to see it as good oportunity to buy cheap coins and take a deep breath.
What we need now is more KARMA.
My thought since the acccouncent of selling lill.com was to
donate the 2.5mill. thats what would show how serious we take it about DOING GOOD.
But not a single answer about this idea at this time.
Thats what makes us to the same greedy fuckers like supporters of other coins under the name of KARMA.
We need more Karma inside here, else it is just a name.
from the community even now after all what happend in
the last weeks.
Try to see it as good oportunity to buy cheap coins and take a deep breath.
What we need now is more KARMA.
My thought since the acccouncent of selling lill.com was to
donate the 2.5mill. thats what would show how serious we take it about DOING GOOD.
But not a single answer about this idea at this time.
Thats what makes us to the same greedy fuckers like supporters of other coins under the name of KARMA.
We need more Karma inside here, else it is just a name.
@ kos : so you remove all your services and we can not be "verbosen" about it?
Can you also contact me and give me all the informations. you have clearly stated your are done with karma. tiem to hand over the karma ralated subject. resign from subreddits. all that.
Can you also contact me and give me all the informations. you have clearly stated your are done with karma. tiem to hand over the karma ralated subject. resign from subreddits. all that.
So kosmost how can a smooth transition of assets be achieved? What's on your mind?
So that's where all your questions came from......you were acting like a potential investor as well.
I asked my attorney to evaluate the legal standing of Karmashares LLC and he advised that it would not likely pass an SEC review. From all outward appearances that it was a solicitation of an unregistered security and certainly from a largely unsophisticated investor based on what we read here.
So I invested in GIVE instead which has the same type of goal, but is way more transparent.
Better to help support the KARMA community at an arms length and in a legitimate Non Profit IMHO
You have to ask "for who's benefit" are you involved in KARMA, and then determine how much of a hypocrite you might be...
-dvd
We've already been over what a security is, more times that I can count.
Do you know the definition of what a security is, and how that applied here?
Yes I do, as does my law firm who is also crypto-savvy.
Here is what they said:
"Several of the earliest cases involved the wireless cable scams perpetrated
in the 1990s. These
programs raised funds from hundreds of unsophisticated retirees – scattered
over many states – through the sale of interests in member-managed LLCs.
Despite the fact that these LLCs were member-managed, all courts held these
interests to be securities. See: SEC v. Shreveport Wireless, 1998 WL
892948,1998 US Dist LEXIS 23086, [1998 Transfer Binder] FED SEC L RPTR
(CCH) ¶ 90,322 (D DC 1998) (sales to 2000 geographically diverse investors);
Nutek Information Systems v. Arizona Corporation Commission, 977 P2d 826
(Ariz App 1998) (sales to 920 investors)"
It also worries me that they claim "Please note that Karmashares membership
is only offered privately, not publicly." EVEN THOUGH THEY DESCRIBE HOW TO
GET KARMASHARES RIGHT THERE ON THE PUBLIC WEBSITE, including a link "Send
karmacoins here to get karma shares."
And, in the same paragraph we see, "100% of profits will be distributed to
members on a quarterly basis according to each member's percentage owned of
Karmashares LLC." right next to "Further, exchanging your coins for
membership should not be considered an "investment""
The SEC isn't stupid. If it walks like a security and quacks like a
security, they'll treat it as a security.
I wouldn't touch this with a ten block pole."
i did not read anything
but am i right that the team is leaving because they now have enough money ? (lil.com)
karma hypocrits
i hope they all get their karma back for ruining some people here
but am i right that the team is leaving because they now have enough money ? (lil.com)
karma hypocrits
i hope they all get their karma back for ruining some people here
No. This is not true. It is a fantasy cooked up by some folks who lack membership in the most reproductive areas.
So that's where all your questions came from......you were acting like a potential investor as well.
I asked my attorney to evaluate the legal standing of Karmashares LLC and he advised that it would not likely pass an SEC review. From all outward appearances that it was a solicitation of an unregistered security and certainly from a largely unsophisticated investor based on what we read here.
So I invested in GIVE instead which has the same type of goal, but is way more transparent.
Better to help support the KARMA community at an arms length and in a legitimate Non Profit IMHO
You have to ask "for who's benefit" are you involved in KARMA, and then determine how much of a hypocrite you might be...
-dvd
We've already been over what a security is, more times that I can count.
Do you know the definition of what a security is, and how that applied here?
This Karma brotherhood will only succeed if these can be done:
1. Regroup (organize community)
2. Install governing group
3. Proportionately donate working fund to an escrow, at least 10%(big holdings will earn big if we succeed and will also lose big if the coin dies totally)
4. Hire resident devs
5. Exchange Karma coin to a new lower numbered coins (TBA)
6. Create real life utilities for the coin
7 market.
Which as of the moment I highly doubt, since the fund to pay fairglu of 03.BTC is not even being met.
Don't hinge your hopes too high, we are not out of the crisis yet, until we have accomplished at least up to number 3 above.
1. Regroup (organize community)
2. Install governing group
3. Proportionately donate working fund to an escrow, at least 10%(big holdings will earn big if we succeed and will also lose big if the coin dies totally)
4. Hire resident devs
5. Exchange Karma coin to a new lower numbered coins (TBA)
6. Create real life utilities for the coin
7 market.
Which as of the moment I highly doubt, since the fund to pay fairglu of 03.BTC is not even being met.
Don't hinge your hopes too high, we are not out of the crisis yet, until we have accomplished at least up to number 3 above.
In spite of your recent insults and attacks against me personally (shame) I still consider you my brother. I have nothing bad to say about you because that's not my style.
You of all people should know what we've been through as a team and community. Your words are quite surprising, as are Karmala's and other members of "the team".
It's too bad that the coin that is supposed to 'have a heart' is found wanting.
kos, please take the time and read my answer to you in the team forum. You must also understand us. I want to deal with this more peaceful than done until now. Dont forget the past support from us and what we've been through.
Thanks
i did not read anything
but am i right that the team is leaving because they now have enough money ? (lil.com)
karma hypocrits
i hope they all get their karma back for ruining some people here
but am i right that the team is leaving because they now have enough money ? (lil.com)
karma hypocrits
i hope they all get their karma back for ruining some people here
You're wrong.
Only kosmost is leaving....
i did not read anything
but am i right that the team is leaving because they now have enough money ? (lil.com)
karma hypocrits
i hope they all get their karma back for ruining some people here
but am i right that the team is leaving because they now have enough money ? (lil.com)
karma hypocrits
i hope they all get their karma back for ruining some people here
Ok I have a proposition.
Club together 60M Karma and I will bring in 60 new people to this community within days. I will put in 10M for further bounties once the giveaway is complete. This thing will be all over twitter within days and more people will be brought in.
There is a working twitter tipbot right? I will fund the new users to begin sharing Karma on twitter.
You don't have to give the Karma to me directly obviously. Just have them in a public address and be ready to transfer them to the new people.
This can happen immediately. The new people will be made aware that they are going to come in and help save the coin.
The way I see it is what have you got to lose? 60M Karma between you?
Club together 60M Karma and I will bring in 60 new people to this community within days. I will put in 10M for further bounties once the giveaway is complete. This thing will be all over twitter within days and more people will be brought in.
There is a working twitter tipbot right? I will fund the new users to begin sharing Karma on twitter.
You don't have to give the Karma to me directly obviously. Just have them in a public address and be ready to transfer them to the new people.
This can happen immediately. The new people will be made aware that they are going to come in and help save the coin.
The way I see it is what have you got to lose? 60M Karma between you?
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