Topic: Vircurex may 2013 report, is this a joke Kumala ? - page 3. (Read 5410 times)

^^^ that does seem pretty reasonable to me.

https://vircurex.com/Reports/2013-05.pdf

Is this some kind of bad joke in the quarterly repprt, Kumala.
""...unfortionately the service provider has then done and posted the credential in there helpdesk ticker, rather than the standard process of sending it to our email adress (witch has 2FA protection), also the security setup of allowing only our IP range to login to the management console was not working. It was an additional security feature the provider offered....."

Then later it's stated
"Consequensces  The loss of funds will be recovered out of the monthly dividends. Dividends will be used to purchase back the missing funds in the coming months. Depending on the trading volume development this is expected to take 9 to 12 months."

Then if one takes a look at the Vircurex contract at Cryptostocks
https://cryptostocks.com/securities/34#info
"Special conditions The security issuer will not be entitled to dividends for a period of 12 months after the listing. "

So from a fault from the hosting provider has done you decide to not demand compensation from the provider ?

Instead you decide it should come out of the dividend from your new investors, that bought 30% of Vircurex stocks at Cryptostocks those that own that 30% should acourding to you for the next 9 months pay for it in the form of no dividend, the same period for witch the majority owner 70% is not entitled to dividend...

Why don't you split the responsibillity according to the ownership , 30% the new shareholders will pay for and 70% the majority owner in case you can't get the funds back some other way and persua a process to get the lost funds back from the hosting company for there mistake and try to trace where the money has been stolen to and who's behind it.

Or at the very least take funds from the building of NAV value and still pay out 70% of the net profit to the shareholders first.

However you look at it,  this moths result if you include the stolen funds as a loss in the result(if you can't get it back) that dosen't mean next moths result will be a loss and therefore if that month is generating profit(witch it should do unless the breach of security will become a monthly event) shareholders should still have there dividend from next month and onwards.