Time to finally say something with my lurker account...

I think Havelock CaVirtex (VTX) holders are about to see price collapse.  Why?

Exit price is fixed at $30 a share.  

Above, user freedomno1 linked to a copy of the original prospectus:
https://bitcointalk.org/index.php?topic=218435.msg3958831#msg3958831
From the prospectus on page 10:
" ⁵ The share price will be fixed at $30 CAD per share (due to our Canadian dollar valuation) but priced in BTC. At the time of this writing [March 18, 2013] using an exchange rate of $46.875 CAD/BTC one share will cost 0.64 BTC. The BTC price will change on Havelock every hour as the BTC/CAD exchange rate changes."

VTX will be converted into physical non-tradeable certificates,

The value of the securities which these will be converted into is fixed in the articles of incorporation at $30 CAD, and they are non-tradeable.  From Havelock:  "to enable holders at the Effective Time to receive physical share certificates... The shares represented by the share certificates are not, and will not be for the foreseeable future, listed on a stock exchange and are subject to transfer restrictions under applicable securities laws."
https://www.havelockinvestments.com/fund.php?symbol=VTX

Current price of VTX at Havelock?
BTC 0.14 (~$118.48)
"Adjusted" exit price?
BTC 0.032ish is 30 Canadian dollars in BTC per share...
An 80% loss instantly vacuuming up all the unprotected shareholder value.

Wow...