Burnside was a good operator far less sketch than some other exchanges
Cough Bitfunder and Weexchange ...
It does make me wonder a bit more about havelock, I wouldn't worry about Mircea that Romanian can hold Her own (lol) and the guy that actually runs mpex has more than enough backups including his Tor one etc.
Jon Montroll, owner of weexchange was way past sketchy: the guy is a criminal. He stole over 5000 btc of his depositors money and absconded with a bunch of loans, never even giving an excuse. Hate this guy so much.
Burnsides SeC ruling worries me on Havelock's operating status. The SeC is basically the banking elites' monopoly enforcement agency , and have a global reach, so at least for American users there must be at least some reason for concern? The SEC is pretty much effectively above the law because they make the law on these matters, any threat to the Big Scam of the endless money machine their masters control will be quickly shutdown (its only the small scale of btc securities that have saved it so far
).
Regarding the recent share price increase (about 50% in the last few days, this is a big deal) I'm taking this as a very good sign regarding gen4, there is definitely some news that hasn't hit us yet. It could be just market manipulation, but I don't think so, because if there wasn't big news we haven't heard yet, then I think the guy with a few hundred shares would be too over exposed at .15 share price if there was no good foundation, because the price would quickly rebound to a more reasonably .10 and loose more money than gained IMHO. I suppose it is possible its just one guy mostly buying and selling shares to himself...