Quote from: jonsi on May 28, 2014, 02:34:05 PM

Quote from: howardb on May 28, 2014, 02:24:27 PM

Quote from: Elvis Trout on May 28, 2014, 02:06:29 PM

Quote from: havelock on May 28, 2014, 11:18:05 AM

We would like to inform you that a vote was cast for every change made by cryptx since they have been listed on Havelock. The votes were cast by unit holders that collectively own more than 60% of the Fund. If you did not get to vote on changes and you personally own over 5% of the Fund please contact us. Cryptx did not need to bring the vote to a public one when the majority of the unit holders of the Fund voted for those changes. So even if a public vote has taken place the same result would have been voted on.

So if you currently own more than 5% of the Fund and you were not contacted to cast a vote for a change please PM or email us at Funds@havelockinvestments.com

There was no breach of contract, all decisions were made by majority shareholders that were monitored by us prior to public release of decisions.

To take the vote public and get the same result would have been a waste of time and cause more confusion.

We believe that PETA is on the right track and has made the right choices to keep the company viable over the past year. If you do not agree with the decisions made by PETA we are always looking for great companies to list their Fund on Havelock apply today!

Havelock Investments

Excellent! That's just what we needed to hear, thank you Havelock for clearing that up, perhaps some transparency and greater clarity in the prospectus would have avoided this but I am certainly satisfied now. It just seemed strange to all use lowly <5%ers that voting rights were mentioned but we never heard anything about it. Sorry for getting all antsy, and thanks again for responding.

Havelock, maybe thats how they role in Panama (and why you are based there), but in any developed economy you would be looking at jail time for conducting insider information and trading like that.

G. PROHIBITED ACTIVITIES, CIVIL LIABILITY AND ENFORCEMENT

Civil liability for any person found responsible for the loss or damage caused by the use of fraudulent or deceitful devices in connection with the sale or purchase of securities is established by the Law. Besides, insider trading, as well as the use of any fraudulent or deceitful act or market manipulation (i.e., wash sales) that may affect the purchase or sale of securities is prohibited.

A treble damage sanction is established for insider trading and the CNV is empowered to impose administrative fines for up to US$300,000.00 for violations of the Law-Decree.

As a very particular provision of the Law-Decree, a class action is recognized in favor of the CNV, which has standing to file complaints in its name to enforce the provisions of the new securities law. Any amounts recovered by the Commission through a class action shall be transferred to a trust19 which beneficiaries are the investors conforming the class.

The statute of limitations for civil remedies are up to three years.
(source: http://www.legalinfo-panama.com/english/securities_nutshell_04.htm)

So, maybe it's time to prove that the rest of 40% that didn't get informed about the changes matters.

+1