Havelock Investments - Exchange feedback/comments

[freedomno1]

HaveLock doesn't protect their users like they ought to.
They have to vet the stocks much better than they have.

Starting with LabCoin, SDice... they have continually pulled stocks, leaving the users with nothing but all the funds are in Havelock's hands.

Now Neo/Bee.
I am done with Havelock.

I guess you weren't around for the GLBSE (Not many Were)

But more recently the Bitfunder and BTCT days with exchange collapses and a lot of stocks being pulled.
Basic, Labcoin, Activemining, BitVPS etc among them compared to that this is pretty mild.

That said I sort of miss the days when you could vote in an asset although it did result in a few flops being voted in, that said for the most part the list of stocks havelock uses and what remains now is fairly decent valuations aside.

Of course with Cognitive and Neo recently it isn't that good of a feeling, although with Neo the trade halt wasn't on havelocks side but on neobees request, and Sdice was Everohees buyout and a pass-through of MPEX to begin with so they had no control on the exchange owners decision and the stock in that case.

[1714970441]

1714970441

[troc]

HaveLock doesn't protect their users like they ought to.
They have to vet the stocks much better than they have.

Starting with LabCoin, SDice... they have continually pulled stocks, leaving the users with nothing but all the funds are in Havelock's hands.

Now Neo/Bee.
I am done with Havelock.

I guess you weren't around for the GLBSE (Not many Were)

But more recently the Bitfunder and BTCT days with exchange collapses and a lot of stocks being pulled.
Basic, Labcoin, Activemining, BitVPS etc among them compared to that this is pretty mild.

That said I sort of miss the days when you could vote in an asset although it did result in a few flops being voted in, that said for the most part the list of stocks havelock uses and what remains now is fairly decent valuations aside.

Of course with Cognitive and Neo recently it isn't that good of a feeling, although with Neo the trade halt wasn't on havelocks side but on neobees request, and Sdice was Everohees buyout and a pass-through of MPEX to begin with so they had no control on the exchange owners decision and the stock in that case.

agreed, sdice was out of havelocks hands.

but not cavirtex which seems to have been forgoten; they set the precedent by removing their shares from trading. Cavirtex's move was a real shitty deal for havelock users but not for cavirtex, which walked away with a nice cash grab.

[freedomno1]

I will concede Cavirtex as it is a legitimate point and it was a bit unusual in my opinion that they decided to link the shares to fiat post closure thanks for the reminder Troc

Hard to believe its barely been a year
Minimum purchase: 1 share
Share price: $30 CAD = 0.64 BTC (Man exchange rate changes!)
VirtEx IPO will issue 10,000 shares for sale on
www.havelockinvestments.com
on March 19, 2013

Edit In:
Went back in time
Problem with Virtex was the shares were non voting and the clause in the contract allowed them to use fiat conversions when the IPO was launched

For the initial public offering, VirtEx is seeking $300,000 CAD in BTC equivalent representing a total 10% equity stake.
The Bitcoin shares are linked directly to VirtEx This is NOT a separate fund; this is the fund that represents real equity ownership in VirtEx!
o By investing in Bitcoin, your name will not be listed on the notice of shareholders; instead your account with HAVELOCK will be linked to the corporation by the number of shares you own.4
o These represent non-voting shares
 In the case where VirtEx is bought out by another company or VirtEx pays a dividend to its shareholders, Bitcoin shareholders will get paid in Bitcoin ... at the Canadian dollar equivalent rate using the best market prices at the time.

[investr]

Anyone from Havelock care to explain themselves in freezing the COG asset with zero warning or reason? Is this the kind of behavior I should expect in the future? Do you have a policy or guidelines on what substantiates the freezing of an asset or on preventing a user from taking actions on the securities he/she owns?

[freedomno1]

Anyone from Havelock care to explain themselves in freezing the COG asset with zero warning or reason? Is this the kind of behavior I should expect in the future? Do you have a policy or guidelines on what substantiates the freezing of an asset or on preventing a user from taking actions on the securities he/she owns?

Guess i'll sum it up Goat doesn't trust Garr since he keeps delaying the damn thing and the shares have pretty much become worthless since the launch
Cognitive sent out a voting motion to determine whether to sell hardware and dissolve the company or keep going
Trading halt issued by havelock while its being sorted out
And if my indication and hunch is correct the asset has defaulted circa 2 days ago
Although the PR is still talking but going off Garrs last posting that or we see hash as of 2 days ago
https://bitcointalk.org/index.php?topic=67547.msg5932734#msg5932734

Havelock response
https://bitcointalk.org/index.php?topic=67547.msg5810672#msg5810672
Shareholder e-mail
https://bitcointalk.org/index.php?topic=67547.msg5817444#msg5817444
IRC
https://bitcointalk.org/index.php?topic=67547.msg5933791#msg5933791

[ddalex]

Incredibly bad web site!
I had more than 25 BTC there, but stop using it because the site is offline more than  10 hours daily!

[investr]

Those links only explain what is going on with Cognitive internally, not why Havelock froze trading. It also doesn't explain Havelock's policy on freezing assets.

[freedomno1]

Those links only explain what is going on with Cognitive internally, not why Havelock froze trading. It also doesn't explain Havelock's policy on freezing assets.

Well book was reopened although the vote for liquidation passed
FOR IMMEDIATE RELEASE:
Cognitive Mining (COG) will resume trading starting 12:00 EST on Thursday April 3,2014. All previous orders have been cleared!

[strello]

Well book was reopened although the vote for liquidation passed

Source please.

[freedomno1]

Well book was reopened although the vote for liquidation passed

Source please.

Thought it was the end result from the Cognitive thread sorry about that it might be a bit premature to say that was just reading Goats posts
https://bitcointalk.org/index.php?topic=67547.msg6037696#msg6037696

Will wait for the confirmed results like everyone else
https://bitcointalk.org/index.php?topic=67547.msg6026755#msg6026755

I originally voted against liquidation but I am inclined to change my vote (given the recent "mathing" - which though I haven't verified, looks legit).  Garr, Sam, if you have a counter-argument to "300BTC versus 50BTC", you should post it now, or expect a flood of vote changing. =/

Garrett agrees with the math. Assuming these calculations are correct, it seems that our best option is to liquidate. Garrett is going to post the current results of the motion on the Cognitive Mining website tonight.

More updates to come.

- Samuel

http://cognitivemining.com/

Edit In Looks like I was wrong liquidation fails
https://docs.google.com/spreadsheets/d/1KaaOqQg-k-C-fCkMAwKbPlxDvRBZVdwx7xZR5CbAWqk/edit#gid=0
Y 1603
N 4414

[DianaLime]

What happened to my investment at NEO BEE?

[Fabrizio89]

What happened to my investment at NEO BEE?

Neo&Bee has declared insolvency. The CEO is selling its equity to anyone who would like to try to save the company. If that attempt fails, your shares are worth nothing.

[malevolent]

What's up with the site? Either doesn't accept passwords for new accounts or pages don't load. This looks like someone trying to prevent others from buying or selling (*cough* COG *couch*).

[necro_nemesis]

Your getting further than I am. All I get is the host is TKO'd.

[Carnth]

How do we convert direct ASICMINER shares to AM1 shares since TAT is no longer doing this?

[explorer]

How do we convert direct ASICMINER shares to AM1 shares since TAT is no longer doing this?

exactly the same, just using havelock's info instead of TAT's.  See AM1 page on havelock.

[karol]

Guys it seems like trading engine is not working. All my orders are in status pending can't buy or sell - all goes to pending.

[eltopo]

The Havelock site is vulnerable to the openSSL bug:

http://filippo.io/Heartbleed/#havelockinvestments.com

More info: http://heartbleed.com/

[mikemikemike]

The Havelock site is vulnerable to the openSSL bug:

http://filippo.io/Heartbleed/#havelockinvestments.com

More info: http://heartbleed.com/

All good, havelockinvestments.com seems not affected!

what are you talking about? and what sort of asshole would post an exploit to a securities exchange on a public forum? you obviously have your own motive.

havelock, if you could get trading resumed as soon as it would make my day that little bit better.

[eltopo]

This is public news and on every security page on the web. Do your homework before insulting others!

It seems they fixed it now...