I don't want to be FUDing, but seems to me there's something "going on" with Havelock, wrt to changing Canadian legal climate. Cavirtex took their shares off. I'm not saying it's a complete no-go, you'd just want a candid dialogue with them to see what's going on, and how they plan to handle suspected changes in law.
Havelock is not based in Canada. It was sold to the Panama Fund long time ago:
"The Panama Fund
Owner and Operator of HavelockInvestments.com
The Panama Fund is a Private Investment Company, licensed with the S.M.V, Superintendencia del Mercado de Valores (Superintendency of Securities Market). The Panama Fund has been licensed since October, 2008. The Fund is administered by a practicing Legal License Company that specializes in International Business Law in the Republic of Panama."
Whoops, guess it was the Canadian based securities on there re-arranging their ducks. Good to know it's licensed by the securities commission in the country of "residence".
seems many exchange hacked recently, could be even worse in future..
True, what grinds my gears in connection with that is the KYC/AML that everybody wants now even for SMALL traders. If there's say a 10% risk an exchange will be hacked, sending documentation to 10 different exchanges practically guarantees your personal information will be exposed. I quantify that as about a $10,000 risk, as the potential amount a scammer could scam with your ID, and resultant damage to credit rating, and PITA to sort out. When you're trading on the level of barely a couple of thousand on the high side, that amount of risk is too high. Ergo, I'd rather have direct shares than have to send documents to yet another exchange.
