Can somebody please provide an update on this? When can we expect update and financials?
http://blog.cavirtex.com/page/5Joseph David: "I do intend on paying a dividend once the company shows sustained growth and profitability, and will be providing the next dividend update as well as financials by Q1 2014."
Are you going to be going to the Expo next week on Toronto?
If so, this would be a great place to ask Joseph about a dividend update and financials.
I will also be discussing these with him and update this thread after the Expo.
_mr_e / cavirtex, was this question answered by Mr. David at the expo and if so, can it be shared here?
Yes, as you are aware shares have been coming out. Unfortunately it sounds like there will be no dividends for some time as Virtex is investing in a number of large projects and is looking to spend more this year then they made in revenue last year. Gross profit last year was 300k with a gross revenue of 1.9 mil. Budget for this year is 2.7 million. If volume doesn't pick up they may be seeking additional investment. My guess is the atm network - I'm also guessing Larry O'Brien doesn't come cheap.
Not gonna lie, seeing all the things VoS has been able to pull out of their ass very quickly with comparably extremely low income has me very worried. Why is Virtex moving so slow and expensively while having more employees?
Why can't we have instant Interac deposits? They're really catching up fast! Can't wait to see how Virtex is going to respond to all this strong competition...
http://www.reddit.com/r/BitcoinMarkets/comments/267nvw/major_announcements_from_vault_of_satoshi_instant/