Quote from: freedomno1 on July 25, 2013, 05:59:53 AM

I have two questions through both from the AM thread.

One is pursuant to National Instrument 45-106.

The second I recall reading somewhere but I wanted to know for certain what would happen to havelock in case of a cease and desist order or enforcement action in Canada

https://bitcointalk.org/index.php?topic=99497.msg2797734#msg2797734

Quote from: Pale Phoenix on July 24, 2013, 10:01:09 PM

Jumping ship from BTCTC to Havelock is ridiculous as they are in no better position with respect to Canadian exempt securities regulations (National Instrument 45-106).

Everyone panicking is throwing money away, which I'm sure is pleasing to the speculators among us. Stay calm, there really is no urgent need to do anything.

One is related to what burnside mentioned here
https://bitcointalk.org/index.php?topic=99497.msg2799488#msg2799488

Quote from: burnside on July 25, 2013, 05:43:37 AM

Quote from: canth on July 25, 2013, 02:03:37 AM

For those running to the safety of AM direct shares - I see this as largely unnecessary. In the worst case scenario, in the event that BTCTC is met with a cease and desist or other enforcement action, Friedcat has an updated listing of all of our share allocations, sent twice a day. https://btct.co/faq

I'm not saying there wouldn't be negative ramifications if BTCTC were targeted - surely liquidity and share price would be affected. However, those of us with AM PT shares are not SOL in that case.

*Full disclosure - I own both direct and PT shares and I am not planning on changing my allocations anytime in the near future.

This is a good point.

Yes, Friedcat is emailed a full shareholder list (includes email and btc address) several times a day. If the servers ever got pulled, he has everything he needs to pull the shares back in-house to direct shares.

I am not certain, but I suspect this is unique to BTCTC. BitFunder has a good approach with publishing the addresses publicly if you turn it on, (if you haven't, do it now.) but does not include emails in that so Friedcat would not have a way to contact users directly. Havelock and 796 I have no idea what is setup. (Anyone know?)

We've been in ongoing discussions with our legal team to discuss how the current environment may impact our operations and what the options available to us are. We haven't come to any conclusions as of yet, so its business as usual for now.