Post
Topic
Board Securities
Re: [BTC-TC] BitVPS
by
arij
on 18/04/2014, 00:13:34 UTC
The choice to move forward with the buyout was made for a variety of reasons, amongst them being the financial burden that came with paying 30% of salaries as dividends. Employees that work full time do not deserve to receive a pay check that would amount to less than some one flipping burgers at a fast food restaurant.
The most important reason was when we began to question the legality of operating an unregulated security. This is against the law. We must abide by the laws of the land. That being said, it was the recommendation of our lawyer to perform a buyout for this exact reason.