VTX on Havelock rallying!

[Ties42]

Where is the VTX price being published? Havelock no longer showing VTX symbol.

I think this answers your question: http://blog.cavirtex.com/virtex-de-listing-questions

[log2exp]

Where is the VTX price being published? Havelock no longer showing VTX symbol.

I think this answers your question: http://blog.cavirtex.com/virtex-de-listing-questions

Thanks for the link, I'm aware of that de-listing activity. But what about the market valuation on the shares? Any shareholders trying to sell their shares?

[_mr_e]

Where is the VTX price being published? Havelock no longer showing VTX symbol.

I think this answers your question: http://blog.cavirtex.com/virtex-de-listing-questions

Thanks for the link, I'm aware of that de-listing activity. But what about the market valuation on the shares? Any shareholders trying to sell their shares?

You can't sell any shares.

[_mr_e]

So has anyone read the share registration document yet? What is with that clause stating you have to be an accredited investor? I, and I doubt many others, meet any of the listed rules to be considered an accredited investor,  which includes things like being a millionaire. I cannot sign the contract in its current form. What are we supposed to do now?

I'm starting to feel like we've been duped after all. This requirement was never mentioned once anywhere! I'm back to being extremely worried again and somebody needs to address this ASAP.

[Sledge]

Just put an X on the one with the $1,000,000 requirement, scan the documents, send them, and don't worry about it. By "accredited" they really mean "responsible and informed about risks of investments". This is to cover Virtex' ass and can/will never be verified. It's the same thing with banks and investment accounts. You sign a the dotted line that you understand the risks and they can rest easy afterwards knowing the regulators won't tell them they didn't do due dilligence to check if the investor was ready for such an investment. Just think, you are a bitcoin investor, your (possibly few) bitcoins alone are proof enough (and hell, someday going to be worth millions) that you understand the risks.

The short of it is most likely that you just sign your initials on the $1M line, don't talk to Virtex about it (because they can't say "just do it" it would be counter productive), and enjoy your BTC dividends, or payout if Virtex gets bought out, or they wish to buy back your shares.

Live long, and prosper.

[gog1]

Anyone willing to kindly share what's going on now with VTX?

[_mr_e]

I've been told that this was some sort of a typo and that we do not need to be accredited and that a new document will be coming out. That's a pretty big typo that's for sure, especially considering how long it took their lawyers to prepare this.

[gog1]

they do not allow private trading of shares?  did they provide any updates on their business plan or financials?

[_mr_e]

I have spoken directly to the CEO Joseph David about this issue and he has informed me that they have been extremely busy dealing with a number of emergencies around getting the new data centres up and running.
This clause in the contract is a MISTAKE and you do NOT need to be an accredited investor. You simply need to leave the Appendix A completely blank, do NOT initial any of the accredited fields and send in your forms. You will then receive an official digital copy of your shares which at that moment means you are the owner of them.

[log2exp]

Happy as hell I sold out of this sham @ half of what I bought into it with.
If you see my post above, I was a huge advocate of this company until they duped their all their shareholders.

**** off CaVirtex.  This is one Canadian you'll never see one dime from.

What happened?

[gog1]

Happy as hell I sold out of this sham @ half of what I bought into it with.
If you see my post above, I was a huge advocate of this company until they duped their all their shareholders.

**** off CaVirtex.  This is one Canadian you'll never see one dime from.

What happened?

Collect our BTC.
Hold it and do whatever they want with it.
Promise "dividends"
State in December that the first dividend will be "worth it"
Declare delisting, share values plummet, and anyone who doesn't want Bitcoin investments attached to their legal entity is now ****ed.

They dangled the carrot as long as they could, now they're laughing.

They haven't even touched $100,000 in profits this year, yet the shareholders have given them over $1,000,000 (assuming they held a majority of their BTC) for "10%" of the company.

**** them.

Did they give financial updates?  Way better than 796.com though.

[log2exp]

Are they asking for the legal contact information now, such as name, address? Or it's still anonymous? Any financial statement? Projected dividend?

[nubbins]

Yeah, they fucked their shareholders raw. Pretty surprised that Havelock let them delist the way they did -- shame on them as well.

[NanoAkron]

Has anyone considered legal action? Just because it's 'bitcoin', doesn't mean usual laws about contracts don't apply.

[MPOE-PR]

Has anyone considered legal action? Just because it's 'bitcoin', doesn't mean usual laws about contracts don't apply.

Somehow, when people realize they've been fleeced, the common reaction is to start imagining legal drama and restitutions. The actually prudent, actually effective, and indeed the only proper response here is to start being responsible. Otherwise it just keeps happening again and again, while people find new external entities to blame for their own ignorance and laziness.

[Sledge]

I don't get it. You bought shares in a company. They went UP or they went DOWN. Every day you held onto them was a choice you made. If they went down, tough luck. If they went up, great. The company didn't fold while you had your shares? Great. The company folded? Tough luck. Doesn't matter if your share value went down and you hoped it would go back up.

Then they announce they are delisting. They can do that, it's perfectly legal to want to delist and convert virtual shares to real ones. In fact, it looks and sounds like that's exactly the reason they are doing that. But it doesn't matter. After that news came in, you had to decide what to do. Do you sell (at WHATEVER price they are currently at, it's not Virtex's fault if they are down, it's speculation). You decide to sell, bravo. At a loss? Tough luck. At a gain? Congratulations. You decide to keep them after the cutoff date, then you have to live with the fact that your shares are being converted to real ones.

Grow up FFS and learn what it means to be an investor and take risks.