Canadian Exchange Cavirtex IPO Today

[mik3]

https://www.havelockinvestments.com/fund.php?symbol=VTX

Anyone buying? Already half gone.

[Transisto]

Wow! this thing is selling like hot cake.

~3000 left

S,Dice IPO look like a joke beside this.

[qxzn]

would be interested in picking up a few shares, but the "deposit bitcoins" page isn't working for me :/

[interfect]

Not buying any of this until people have some idea what it's worth, looks like it went on the market and immediately started dropping.

[Transisto]

Not buying any of this until people have some idea what it's worth, looks like it went on the market and immediately started dropping.

It's up to you to figure out what it's worth, ~550 000 $ in revenue per year based on zero growth. And ~80% of this is profit.

BTW the price dropped from 0.4 to 0.395 because the shares are priced at 30$

[Fuzzy]

Doesn't this destabilize the exchange as a business?

[JordanL]

I'm buying. Great company, nearly unlimited potential for growth.

[adamstgBit]

 

I love virtex

[bitcad]

Sold out in 24h and is already trading at ~0.52btc/share (~$41CAD).

[Bit_Happy]

Trading fees (on the actual exchange, not the stock) = 3.00%
Each side?
That is insane!

[adamstgBit]

Trading fees (on the actual exchange, not the stock) = 3.00%
Each side?
That is insane!

its volume based

when you trade with virtex you get what you pay for, this is not mtgox....

[moni3z]

I like cavirtex but the whole Havelock Investments thing scares me into thinking they'll get shut down one day for unregulated securities trading and possible ponzi. Canada laws as shitty as the US now.

[Transisto]

I like cavirtex but the whole Havelock Investments thing scares me into thinking they'll get shut down one day for unregulated securities trading and possible ponzi. Canada laws as shitty as the US now.

Cavirtex has done his legal homework, Havelock look well made and secure,

But anyway, I wouldn't take a GLBSE-Nefario fuckup as reference for an exchange getting shut down.

[QuantPlus]

I like cavirtex but the whole Havelock Investments thing scares me into thinking they'll get shut down one day for unregulated securities trading and possible ponzi. Canada laws as shitty as the US now.

Cavirtex has done his legal homework, Havelock look well made and secure,

But anyway, I wouldn't take a GLBSE-Nefario fuckup as reference for an exchange getting shut down.

There is no such thing as legal "homework" in grey areas...
Even something as basic as US-Canadian cross border business = massive cluster****...
Lawyers will take $700/hour and give you conflicting opinions...
Then you are holding the ball when the authorities call.

VTX just moved their web site to Switzerland...
Their Canadian bank accounts will be shut down sooner or later...
Hopefully they can operate like this for another year or two.

[medicine]

I did see that their Royal Bank account was closing, but I didn't hear about them moving the website to Switzerland.  What is your source for that information?  Did it state a reason?

They just posted an update on their site April 21st that indicates its full steam ahead right now.  If more of their Canadian bank accounts close then that may be the sign to bail, but for now I'm still a fan of this exchange (if only they would lower the bloody fees!).

[QuantPlus]

I did see that their Royal Bank account was closing, but I didn't hear about them moving the website to Switzerland.  What is your source for that information?  Did it state a reason?

They just posted an update on their site April 21st that indicates its full steam ahead right now.  If more of their Canadian bank accounts close then that may be the sign to bail, but for now I'm still a fan of this exchange (if only they would lower the bloody fees!).

Just check the IP address (Lucerne)... or add Flagfox to your browser.

Well, then they are down to Bank of Montreal.

The only thing we got going for us...
After the US and UK have recently moved against BTC...
Is that Canada is often months or years behind the curve.

[bitlizard]

Does anyone know how dividends are paid out on this investment?

[qxzn]

I was unaware tha

Does anyone know how dividends are paid out on this investment?

I was under the impression that no dividends had been declared.

[bitlizard]

I was unaware tha

Does anyone know how dividends are paid out on this investment?

I was under the impression that no dividends had been declared.

Just found this on their site:

"Dividends:
We are in a high growth phase and are spending all of our available capital on progressing our Business Plan. We do plan on paying dividends to our shareholders but do not have an estimated date at this time, we are targeting Q3 2013 for a dividend update."