Quote from: o_e_l_e_o on May 22, 2019, 08:26:22 PM

Quote from: PrimeNumber7 on May 21, 2019, 01:45:19 PM

-snip-

I appreciate all that, but the issue is that the CAVirtex shares essentially disappeared when the company was bought by Kraken. The shareholders received no compensation, but also no longer hold any shares. There are numerous posts over the years in this forum and on reddit about people who once held shares complaining to Kraken and being ignored or told the issue is "being looked in to" or something similar for months or years on end.

Those in my IRL circles that I spoke with are not familiar with the specifics of what happened with CAVirtex, and haven't interacted with them when they were a stand alone company.

I did some research, and my conclusion is CAVirtex was having some financial problems prior to being bought out by Kraken. CAVirtex used to be listed on Havlock, and I have been told that was truely the wild west, and you would not have the same type of investor protections you would today find on various VC platforms such as Second Market and others. If CAVirtex was in very bad financial shape, or even insolvent, the amount paid to equity shareholders could have been very low or even nominal. I was able to find a few reddit threads of someone claiming to be a CAVirtex shareholder on Havelock wanting to file a class action lawsuit, but I am unsure if there would be any merit to such a suit without knowing the specifics. I wasn't able to find the financial details about the terms of the acquisition, but I would conclude based on my research, that includes some speculation that CAVirtex shareholders that held the specific type of shares listed on Havelock did not receive anything as part of the acquisition.