I agree that it could have been handled better -- more securely. But that post simply suggests that there could be problems. Anyway, it seems pretty simple to me, though it is a big hassle for Goat and his shareholders.
Yes there could be problems and this could end up in a disaster.
Yep... could end up in disaster, certainly...
However, since GLBSE doesn't manage your asset-holder lists for you anymore, there is no longer someone else to blame and use as a scapegoat, so any disaster from this point forward will be your own fault, and yours alone.
-- Smoov
All he has to do is setup a google contact form and people can paste their code in and some contact details,including dividend address. Not that hard really.