Author

Topic: Canadian Exchange Cavirtex IPO Today (Read 1644 times)

full member
Activity: 141
Merit: 100
April 26, 2013, 09:13:45 PM
#19
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."
hero member
Activity: 609
Merit: 506
April 26, 2013, 07:24:08 PM
#18
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.
full member
Activity: 141
Merit: 100
April 26, 2013, 07:21:12 PM
#17
Does anyone know how dividends are paid out on this investment?
sr. member
Activity: 280
Merit: 250
April 23, 2013, 04:12:22 PM
#16
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.
hero member
Activity: 697
Merit: 501
April 23, 2013, 06:03:24 AM
#15
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!).

sr. member
Activity: 280
Merit: 250
April 22, 2013, 07:08:41 AM
#14
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.
donator
Activity: 1731
Merit: 1008
March 22, 2013, 01:35:56 PM
#13
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.
hero member
Activity: 899
Merit: 1002
March 22, 2013, 12:54:07 PM
#12
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.
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
March 22, 2013, 12:35:26 PM
#11
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....
legendary
Activity: 2114
Merit: 1040
A Great Time to Start Something!
March 22, 2013, 08:08:06 AM
#10
Trading fees (on the actual exchange, not the stock) = 3.00%
Each side?
That is insane!
newbie
Activity: 59
Merit: 0
March 22, 2013, 07:56:12 AM
#9
Sold out in 24h and is already trading at ~0.52btc/share (~$41CAD).
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
March 21, 2013, 11:40:02 PM
#8
 Grin

I love virtex

donator
Activity: 294
Merit: 250
March 21, 2013, 11:24:58 PM
#7
I'm buying. Great company, nearly unlimited potential for growth.
hero member
Activity: 560
Merit: 500
March 21, 2013, 11:23:48 PM
#6
Doesn't this destabilize the exchange as a business?
donator
Activity: 1731
Merit: 1008
March 21, 2013, 11:14:48 PM
#5
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$
full member
Activity: 141
Merit: 100
March 21, 2013, 10:35:54 PM
#4
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.
hero member
Activity: 609
Merit: 506
March 21, 2013, 09:55:11 PM
#3
would be interested in picking up a few shares, but the "deposit bitcoins" page isn't working for me :/
donator
Activity: 1731
Merit: 1008
March 21, 2013, 08:13:49 PM
#2
Wow! this thing is selling like hot cake.

~3000 left

S,Dice IPO look like a joke beside this.
full member
Activity: 245
Merit: 104
March 21, 2013, 04:39:14 PM
#1
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