Kosmost each of the people you have convinced to buy into your LLC, assuming they are actually real owners of the LLC, will also be liable for damages for stealing the Karmacoin name, trademark and concept. In layman's terms, anyone who invests in your LLC will eventually need to pay dollars or forfeit their shares in a lawsuit.
If you try to argue that your investors are not liable for damages, then they are not real owners. In that case they have no way to stop you from taking all the profits as a bonus, then telling them there was nothing left for their quarterly payout. In other words, as the controlling CEO of your LLC you don't have to pay out a dime.
We tried to stop this quietly over the past few weeks, and now the world needs to know what you are actually doing. As the actual dev of the coin we want to make sure the world knows we have nothing to do with you and do not condone your actions.
You cannot take copyrights or trademarks and treat them like your own. You are not just taking 'Karma', you have taken 'Karmacoin' and use it throughout your literature.
OMG.. do you have any idea what you are talking about? You are absolutely crazy. None of what you're saying has any legal basis whatsoever.
You are actively trying to destroy Karmacoin.. and it's really, really the opposite of what you should be doing.
"We tried to stop this quietly over the past few weeks,".. please.. you have communicated nothing with us.
Every team member is on this thread.... and not a single one agrees with anything you are saying. That should tell you something.
The trademarks, lawyers, logo contest, press releases... someone has to be responsible for it (and someone has to pay for it). Was that you? You didn't even want to put your name on the press release. Instead, you said "Dave". It's insane that you're suggesting that because a member of the community has stepped up to the plate (at your insistence, mind you) then somehow it must be nefarious.
We have spent lots of time and effort on a coin that was dying. You abandoned it, stopped posting, stopped communicating, and continued to be irresponsible. We turned it around. We are the ones who spent thousands of our own money, not you. To suggest somehow it's bad because we are doing things the right way is really immature. Please get over yourself.
You elected me as project leader, abandoned the coin, and only wanted to come back when the price went up. Plain and simple. Now you're spreading misinformation that has no logical (or legal) basis.
You deleted all 5 moderators from the r/karmacoin subreddit. Way to go. I guess "teamwork" is not in your vocabulary?
(This part is really funny, though. "You are not just taking 'Karma', you have taken 'Karmacoin' and use it throughout your literature." --- come again? You copied what I put on Karmacoin.me word-for-word and put it on ikarmacoin.com)
Karmacoin lives on, with or without you. We're willing to forgive your transgressions and welcome you as a (silent) member of the community. But this behaviour really isn't good for anyone.