[ANN][KARM] Karma / ₭ / X11

[TheLittleDuke]

"Long time listener, first time caller"  

You guys have some very compelling ideas and I am intrigued by the value propositions!

Have you had a lawyer / law firm provide an opinion on whether or not this is somehow exempt from SEC oversight?  

It has all the outward appearance of an unregistered security offering IMHO...

http://www.sec.gov/News/PressRelease/Detail/PressRelease/1370541972520#.U_9wyPldXuM

There is a plan to allow "crowd-sourced equity" much like the crowd-sourced funding that is legal, but as far I as know the SEC has not officially sanctioned it yet.

http://online.wsj.com/news/articles/SB10001424052702304163604579532251627028512

The proposed rules sit here:

http://www.sec.gov/rules/proposed/2013/33-9470.pdf

Some states are going ahead with their own rules so relocation might be an option:

http://www.thedeal.com/content/regulatory/states-make-own-crowdfunding-rules-rather-than-wait-for-sec.php

The other route is do a Small Company Offering Registration, but that is state specific (multi-state is possible) but caps the raise to $1M "annually"

Just curious...

[1714214783]

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[kosmost]

Announcement regarding Karmashares and the Lill deal on August 31/ September 1.

Thank you all for your patience!

[pabloangello]

Announcement regarding Karmashares and the Lill deal on August 31/ September 1.

Thank you all for your patience!

Kosmost, what about Karma few months holders with more than 10mln Karmas in wallet?
How their shares will be counted?

 

[ryannguyen18]

Announcement regarding Karmashares and the Lill deal on August 31/ September 1.

Thank you all for your patience!

Kosmost, what about Karma few months holders with more than 10mln Karmas in wallet?
How their shares will be counted?

 

Be patient and wait on Sept 1.

HAPPY HOLIDAY EVERYONE !!!

[pabloangello]

Announcement regarding Karmashares and the Lill deal on August 31/ September 1.

Thank you all for your patience!

Kosmost, what about Karma few months holders with more than 10mln Karmas in wallet?
How their shares will be counted?

 

Be patient and wait on Sept 1.

HAPPY HOLIDAY EVERYONE !!!

I am asking because I dont know wheter I should buy karmashares or not. I dont want to lose posibility of getting shares by holding by I don't understand how it will be counted and noone explained it yet!

[easteagle13]

Announcement regarding Karmashares and the Lill deal on August 31/ September 1.

Thank you all for your patience!

Kosmost, what about Karma few months holders with more than 10mln Karmas in wallet?
How their shares will be counted?

 

Be patient and wait on Sept 1.

HAPPY HOLIDAY EVERYONE !!!

I am asking because I dont know wheter I should buy karmashares or not. I dont want to lose posibility of getting shares by holding by I don't understand how it will be counted and noone explained it yet!

Kindly read the highlighted letters, I think they address your question. Cheers.  http://karmashares.com/forums/index.php/topic,559.msg3377.html#msg3377

[pabloangello]

Announcement regarding Karmashares and the Lill deal on August 31/ September 1.

Thank you all for your patience!

Kosmost, what about Karma few months holders with more than 10mln Karmas in wallet?
How their shares will be counted?

 

Be patient and wait on Sept 1.

HAPPY HOLIDAY EVERYONE !!!

I am asking because I dont know wheter I should buy karmashares or not. I dont want to lose posibility of getting shares by holding by I don't understand how it will be counted and noone explained it yet!

Kindly read the highlighted letters, I think they address your question. Cheers.  http://karmashares.com/forums/index.php/topic,559.msg3377.html#msg3377

I have read whole this thread few days ago.
It does not answer my question which is: "how my shares will be counted".
As I understand so far I can buy Karmashares with 1.75 multiplier right now so lets say for 10mln Karma I would get 10000*1.75 = 17500 Karmashares
But it is not clear how many shares I will get if only hold. If I would know it I could make better investment decision. Now I'm stuck because I don't want to send my coin from wallet to buy Karmashares if I don't know this information, cause then I will lose my "holding" shares.

[bondi]

Announcement regarding Karmashares and the Lill deal on August 31/ September 1.

Thank you all for your patience!

Kosmost, what about Karma few months holders with more than 10mln Karmas in wallet?
How their shares will be counted?

 

Be patient and wait on Sept 1.

HAPPY HOLIDAY EVERYONE !!!

I am asking because I dont know wheter I should buy karmashares or not. I dont want to lose posibility of getting shares by holding by I don't understand how it will be counted and noone explained it yet!

Kindly read the highlighted letters, I think they address your question. Cheers.  http://karmashares.com/forums/index.php/topic,559.msg3377.html#msg3377

I have read whole this thread few days ago.
It does not answer my question which is: "how my shares will be counted".
As I understand so far I can buy Karmashares with 1.75 multiplier right now so lets say for 10mln Karma I would get 10000*1.75 = 17500 Karmashares
But it is not clear how many shares I will get if only hold. If I would know it I could make better investment decision. Now I'm stuck because I don't want to send my coin from wallet to buy Karmashares if I don't know this information, cause then I will lose my "holding" shares.

I think that if you hold you'll get 10000 for those 10mil.

[Chargin]

Announcement regarding Karmashares and the Lill deal on August 31/ September 1.

Thank you all for your patience!

Kosmost, what about Karma few months holders with more than 10mln Karmas in wallet?
How their shares will be counted?

 

Be patient and wait on Sept 1.

HAPPY HOLIDAY EVERYONE !!!

I am asking because I dont know wheter I should buy karmashares or not. I dont want to lose posibility of getting shares by holding by I don't understand how it will be counted and noone explained it yet!

Kindly read the highlighted letters, I think they address your question. Cheers.  http://karmashares.com/forums/index.php/topic,559.msg3377.html#msg3377

I have read whole this thread few days ago.
It does not answer my question which is: "how my shares will be counted".
As I understand so far I can buy Karmashares with 1.75 multiplier right now so lets say for 10mln Karma I would get 10000*1.75 = 17500 Karmashares
But it is not clear how many shares I will get if only hold. If I would know it I could make better investment decision. Now I'm stuck because I don't want to send my coin from wallet to buy Karmashares if I don't know this information, cause then I will lose my "holding" shares.

I think that if you hold you'll get 10000 for those 10mil.

You are still entitled to the benefits of the 30 day 1x rate for holding Karma, also Karmashares members current policy/statements are still saying they will honour the same. You should still be able to convert and partake in upcoming dividends (if any) at the 1.75x rate if you convert after Kosmost's announcement given there hasn't been any statements to the contrary however I wouldn't count on it based on recent attempts by Karmashares members to impinge on the rights of Karma holders.

You won't get 2.75x by holding then converting, it will be either 1x or 1.75x. 10,000 if you don't convert and 17,500 if you do.

Chargin.

[Chargin]

Announcement regarding Karmashares and the Lill deal on August 31/ September 1.

Thank you all for your patience!

That's good.

Will it be announced on twitter (@_KarmaTeam_ or @karmacoinme), here, the Karmashares forum or any/all of the above?

Can you provide a more specific time frame? That's almost a 3 day window depending on time zones.

I suspect the announcement will have a substantial impact on prices.

[pabloangello]

Announcement regarding Karmashares and the Lill deal on August 31/ September 1.

Thank you all for your patience!

Kosmost, what about Karma few months holders with more than 10mln Karmas in wallet?
How their shares will be counted?

 

Be patient and wait on Sept 1.

HAPPY HOLIDAY EVERYONE !!!

I am asking because I dont know wheter I should buy karmashares or not. I dont want to lose posibility of getting shares by holding by I don't understand how it will be counted and noone explained it yet!

Kindly read the highlighted letters, I think they address your question. Cheers.  http://karmashares.com/forums/index.php/topic,559.msg3377.html#msg3377

I have read whole this thread few days ago.
It does not answer my question which is: "how my shares will be counted".
As I understand so far I can buy Karmashares with 1.75 multiplier right now so lets say for 10mln Karma I would get 10000*1.75 = 17500 Karmashares
But it is not clear how many shares I will get if only hold. If I would know it I could make better investment decision. Now I'm stuck because I don't want to send my coin from wallet to buy Karmashares if I don't know this information, cause then I will lose my "holding" shares.

I think that if you hold you'll get 10000 for those 10mil.

You are still entitled to the benefits of the 30 day 1x rate for holding Karma, also Karmashares members current policy/statements are still saying they will honour the same. You should still be able to convert and partake in upcoming dividends (if any) at the 1.75x rate if you convert after Kosmost's announcement given there hasn't been any statements to the contrary however I wouldn't count on it based on recent attempts by Karmashares members to impinge on the rights of Karma holders.

You won't get 2.75x by holding then converting, it will be either 1x or 1.75x. 10,000 if you don't convert and 17,500 if you do.

Chargin.

Ok, thank you for your answer. But where is confirmation of what you are saying here? Are you part of dev team? Or could Karma dev clarify the details of Karma-holders <-> Karma-shares?

[easteagle13]

Announcement regarding Karmashares and the Lill deal on August 31/ September 1.

Thank you all for your patience!

Kosmost, what about Karma few months holders with more than 10mln Karmas in wallet?
How their shares will be counted?

 

Be patient and wait on Sept 1.

HAPPY HOLIDAY EVERYONE !!!

I am asking because I dont know wheter I should buy karmashares or not. I dont want to lose posibility of getting shares by holding by I don't understand how it will be counted and noone explained it yet!

Kindly read the highlighted letters, I think they address your question. Cheers.  http://karmashares.com/forums/index.php/topic,559.msg3377.html#msg3377

I have read whole this thread few days ago.
It does not answer my question which is: "how my shares will be counted".
As I understand so far I can buy Karmashares with 1.75 multiplier right now so lets say for 10mln Karma I would get 10000*1.75 = 17500 Karmashares
But it is not clear how many shares I will get if only hold. If I would know it I could make better investment decision. Now I'm stuck because I don't want to send my coin from wallet to buy Karmashares if I don't know this information, cause then I will lose my "holding" shares.

I think that if you hold you'll get 10000 for those 10mil.

You are still entitled to the benefits of the 30 day 1x rate for holding Karma, also Karmashares members current policy/statements are still saying they will honour the same. You should still be able to convert and partake in upcoming dividends (if any) at the 1.75x rate if you convert after Kosmost's announcement given there hasn't been any statements to the contrary however I wouldn't count on it based on recent attempts by Karmashares members to impinge on the rights of Karma holders.

You won't get 2.75x by holding then converting, it will be either 1x or 1.75x. 10,000 if you don't convert and 17,500 if you do.

Chargin.

Ok, thank you for your answer. But where is confirmation of what you are saying here? Are you part of dev team? Or could Karma dev clarify the details of Karma-holders <-> Karma-shares?

Visit http://karmashares.com/ and read the 5th drop down Question and answer..

[easteagle13]

Announcement regarding Karmashares and the Lill deal on August 31/ September 1.

Thank you all for your patience!

[snip]

I suspect the announcement will have a substantial impact on prices.

This is the reason why the announcement is being withheld till Aug 01-Sept 01.

and of this (regarding the New, official offer received for Lill (Approximately $2.5 million)
 "-if you have been holding coins for more than 30 days prior to September 31, 2014 you should be able to participate in this profit-sharing.....It would be unfair to LLC members to announce a sale, then continue to offer membership during the quarter."

from :http://karmashares.com/forums/index.php/topic,559.msg3377.html#msg3377

So that, it will be relatively fair to those who have been holding their coins for karmashares share points.

So it means that IF THERE'S ANY PROFIT TO BE SHARED, a person has only till Aug 31,2014 to keep his/her coin in their wallet.

It also means that, those who have substantial number of coins in the exchanges, yet wants to have a share should remove their coins from exchanges and transfer them to their local wallet, which will essentially make it safer too.

[Bierworst]

Should i consider 87 million as a large amount or will the amount of shares and share time be too low to get anything from it.

[easteagle13]

Should i consider 87 million as a large amount or will the amount of shares and share time be too low to get anything from it.

the minimum is 10M so 87 Million is 8.7X of that

see the bottom of this page so that you can quantify your share http://karmashares.com/explorer-v01

[Bierworst]

But my coins would be forever off the market and would be owned by karmashares llc right?
Assuming the profit for this quarter will be 1.000.000€ and i own 0.16% of the profit with my shares i would get, this would mean (because i own only 1/3 of the quarters profit) i would receive 500+€.
Assuming after such a announcement the price would rise, it only takes a 25% rise and my coins are also worth 500€. So only if karmashares llc would become very very succesfull it would be a good investment right. And, if karmashares llc IS succesfull, this means the karma price would also be succesfull, good company good price. So assuming karma could rise 1000% (could), karmashares llc would need another 8 million € profit payout to equalize the same amount of money i would have had in karmacoin.

Please prove me wrong, this is absolutely not an attack, it just opens up a discussion for me

[easteagle13]

But my coins would be forever off the market and would be owned by karmashares llc right?
Assuming the profit for this quarter will be 1.000.000€ and i own 0.16% of the profit with my shares i would get, this would mean (because i own only 1/3 of the quarters profit) i would receive 500+€.
Assuming after such a announcement the price would rise, it only takes a 25% rise and my coins are also worth 500€. So only if karmashares llc would become very very succesfull it would be a good investment right. And, if karmashares llc IS succesfull, this means the karma price would also be succesfull, good company good price. So assuming karma could rise 1000% (could), karmashares llc would need another 8 million € profit payout to equalize the same amount of money i would have had in karmacoin.

Please prove me wrong, this is absolutely not an attack, it just opens up a discussion for me

Hmmm the real question is which is better?

With LLC
-When you exchange your coins to LLC you get 1.7X share points
-You will have a continuous source of side income (quarterly, when LLC does succeed)
-You are now immune from common loss of coins; hack, theft, wrong send, market price fluctuations and PC breakdowns(virus and HD failures)
-You help the community lessen the coins that is being recycled on the market (by day traders)
-if you own 0.16% of 1 000 000 I think its not 500Euros, no you will not receive 1/3rd of the quarters profit, instead you will receive the quarters profit based on that %share.
-You will have more reason to be active and support the community(you will help those that would be helped by the LLC)


With holding coins:
-You will only get the supposed profit IF YOU SELL ALL YOUR COINS. Then thats it. You forget about Karma and our mission.
-The reverse of the ones cited above.

The safest stance would be 50% LLC 50% held. IMHO. But as always decisions are to each his own.

[crocko]

We escaped from the August "bear trap",  time to raise and shine, KARM !

[karmala]

We escaped from the August "bear trap",  time to raise and shine, KARM !

wow, crocko. These words from you! Things must look very bright then

[Bierworst]

But my coins would be forever off the market and would be owned by karmashares llc right?
Assuming the profit for this quarter will be 1.000.000€ and i own 0.16% of the profit with my shares i would get, this would mean (because i own only 1/3 of the quarters profit) i would receive 500+€.
Assuming after such a announcement the price would rise, it only takes a 25% rise and my coins are also worth 500€. So only if karmashares llc would become very very succesfull it would be a good investment right. And, if karmashares llc IS succesfull, this means the karma price would also be succesfull, good company good price. So assuming karma could rise 1000% (could), karmashares llc would need another 8 million € profit payout to equalize the same amount of money i would have had in karmacoin.

Please prove me wrong, this is absolutely not an attack, it just opens up a discussion for me

Hmmm the real question is which is better?

With LLC
-When you exchange your coins to LLC you get 1.7X share points
-You will have a continuous source of side income (quarterly, when LLC does succeed)
-You are now immune from common loss of coins; hack, theft, wrong send, market price fluctuations and PC breakdowns(virus and HD failures)
-You help the community lessen the coins that is being recycled on the market (by day traders)
-if you own 0.16% of 1 000 000 I think its not 500Euros, no you will not receive 1/3rd of the quarters profit, instead you will receive the quarters profit based on that %share.
-You will have more reason to be active and support the community(you will help those that would be helped by the LLC)


With holding coins:
-You will only get the supposed profit IF YOU SELL ALL YOUR COINS. Then thats it. You forget about Karma and our mission.
-The reverse of the ones cited above.

The safest stance would be 50% LLC 50% held. IMHO. But as always decisions are to each his own.

True but, assume i need money now (new college year starting, books, tution fees) how would the profit of the llc be paid to me and, how fast would it be paid to me.

Further, why wouldn't i receive 1/3 of the quarter if i only held the coins for 1/3 of the quarter