Quote from: 12gaFacelift on December 14, 2013, 07:50:16 PM

I'm French so my English is very limited, what I know is that Cavirtex they make many illegal thing as Canadian laws and given the information on the accounts without court order of a person is also illegal. The agent in question want to have the information in the account, but why? while all the deposits were made in the bank account of my friend and all the information has been given to official body for taxes, social agent has no right to request account information in Cavirtex.

I think it is not a problem if you say the same thing in English and French that way someone who knows a bit of French can read that as well.
Bilingualism

Quote from: bitcoin carpenter on December 14, 2013, 07:58:50 PM

Anybody have any information about what cavirtex is up too?
Why they are delisting?

Are they being bought?
Are they restructuring?

WTF is Goin on

Why they are delisting?

Some vague reason
"The decision to delist VTX from havelockinvestments.com was made after considering the company's current position and our future business objectives."

No clarification on the business objectives

Are they being bought

No to my knowledge but their have been some signs from them

One they changed the trading fees
Joseph said that they were not making enough capital to secure banking relationships and delayed the Dividend from October which is due in Q1 2014 unless they changed that too.

Two All account holders need to pay a transaction fee that withdrawal fee and inactivity fees on their accounts

Three They Delisted the stock from havelock before the dividend was due

Are they restructuring?

Signs point to a huge lack of capital by the way they are retaining as much assets as they can

That still doesn't make much sense though since they have a lot of verification going on

They are raking in cash from the Trading Fees they charge

And Have launched an affiliate program

They are trying to expand the merchant network throughout Canada through Interact Debit Cards and through merchant API's

If anything this company should be flush with a money right now
They got the full advantage of the IPO and the price increase in Fiat

They have a huge income stream incoming from all the users that still require verification.
Plus they rake in a significant amount of money from the trading fees they charge and their affiliate program

The only thing I can see is that they are delisting and giving non-voting shares to Virtex holders pocketing the future dividends and giving out any payments at their discretion.

By doing that they will have less people complaining when they don't pay dividends on the notes they have in holding, and rake in all the profits from the money of the shareholders without any due obligation to give them back the assets

Making it a loan that they have no obligation to pay back at Fair Market Value.

Or in other words Thanks for all the Fish

That said I am awaiting the answers to my previous set of questions so in all honesty clarification would be appreciated from them.

But WTF is going on is a legitimate question.