Author

Topic: CaVirtex shares (Read 1607 times)

legendary
Activity: 2128
Merit: 1002
June 28, 2013, 07:14:30 AM
#8
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.
https://www.havelockinvestments.com/fund.php?symbol=VTX
hero member
Activity: 697
Merit: 501
April 10, 2013, 11:59:22 PM
#7
I've been picking up shares form 0.65 all the way down to 0.20.  With the explosion in bitcoin popularity, the company must be absolutely slammed with work these days.  My opinion is we should let them do their job now and be patient while they work through this wave of interest in bitcoin. 

I'm sure sooner or later we will hear more news and get some financials from them.  Being setup in Canada I'm sure they are committing a huge amount of resources to keeping proper records.

jr. member
Activity: 61
Merit: 1
April 10, 2013, 10:30:33 PM
#6
Bought some shares at 0.41. been a painful ride since.  I think the reason they are sliding lately is because there is not enough info to properly value them, no one really knows what kind of earning each share represents.  Revenue should be easy enough to calculate given that volume is public knowledge, but the price of the shares doesn't seem to be correlated to that very well.
hero member
Activity: 697
Merit: 501
April 09, 2013, 10:09:40 AM
#5
I think it is because their IPO was pegged in fiat at $30 not BTC.  So this rise in BTC prices has thrown that out of whack.
I understand that was the case; however, almost half of their profits are in the form of bitcoin. 

They would be silly not to hold at least some profit in bitcion form. 

Let's see where this goes over the next few months.
hero member
Activity: 763
Merit: 500
April 09, 2013, 09:53:27 AM
#4
I think it is because their IPO was pegged in fiat at $30 not BTC.  So this rise in BTC prices has thrown that out of whack.
hero member
Activity: 697
Merit: 501
April 09, 2013, 08:45:07 AM
#3
I really don't understand why the companies value continues to fall as they're profits soar.  As far as I know there hasn't been a service interruption since bitcoin took off either, unlike many other major exchanges. 

I am really interested to see the next/first financials they publish.

Puzzled.

Peace
hero member
Activity: 697
Merit: 501
April 08, 2013, 04:53:50 AM
#2
The 10000 shares are 10% of the company.  I was trading them around the .5-.7 range for a while then they fell in recent days. 

I've had nothing but good experiences with them myself and heard nothing but compliments from others. 

If you look at their volumes, they are going up, and with the btc price rising, their 3% fees and profits must be sky rocketing. 

I understand when the value of a share drops as the btc goes up, but this company also takes a 3% btc fee on every trade along with 3% CAD.  I can't see why the share capitalization would drop from around $700,000 to $500,000 on all this good news. 

Thus, I think its a good buy and I'm considering moving some of my Asicminer coin over there.

Just my opinions.
member
Activity: 224
Merit: 10
April 06, 2013, 02:57:07 AM
#1
I've been looking at the cavirtex shares on havelockivestments.com. I just wanted to see what you guys think of this. Is it wise to invest? Can i find their financial record anywhere? Also, the 10000 shares issued, do they account for the whole company? For example if i bought 100 shares do i own 1% of the company? Feel free to add anything you think about this.
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