1) What is the currency the exchange operates on, i.e. with what currency and how are the shareholders paid?
2) How likely it is that the exchange will face legal troubles, and if it will, are the shareholders likely to be sued as well?
3) If the monthly payments just stop coming, what can the shareholder do but cry on the forums?
microCoin FTW btw!
1) Major currencies will be BTC, LTC and MRC. Shareholders are paid in BTC.
2) Not very likely. We will be registering the company in a country that is loose on regulation before adding fiat markets. We very well understand how dangerous many banks or ecurrency payment solutions can be and will try to find solutions that are both legal and beneficial. The company administration will of course take full responsibility for its decisions.
3) The same they could do if btc-e decides to run away with your money. You always need to place trust in an exchange to use it, it's unavoidable. We will however after registering offer the possibility to claim your fee share into an official stock of the company. This will give you a lot more legal rights as you officially then own part of the company. We will try to get our company registered as soon as possible, but we need to wait for the share sale to end to know how many stocks we will create.
