Quote from: troc on December 16, 2013, 03:30:23 AM

Yep this sham of a maneouvre sets a bad precedent for the rest of havelock.

What is the point of 'physical' shares in denominated in some local currency other than to create smoke and mirrors ? With the added bonus of more disincentives e.g. registering and more red-tape as well as new terms and conditions. All in all it is a red herring, because 'and its gone'.

I don't know... I used to be opposed to registration for BTC stocks; I liked that BTC was almost like play money where I could experiment with investing and not have to worry about all that red tape. At $10 per Bitcoin, it wasn't a huge loss if I lost 0.10 BTC in some investment or another, especially since the BTC security market was generally going up (until July) so an occasional loss was generally counteracted by gains in the other securities. But now that BTC is worth around $1000 it doesn't seem so much like monopoly money anymore. And over the past months several asset issuers have chosen to just disappear (CreativeX, plus the issuer of AJM.Mining), or blatantly scam and say 'this was just a game for entertainment purposes, so you have no recourse' (Cow on Litecoin Global). With BTC becoming so valuable, I'm hesitant to keep taking those types of risks with my BTC. If VTX becoming a registered security means shareholders will be legally protected from these types of things, it may be a positive development after all.