Quote from: cavirtex on November 11, 2013, 05:07:45 PM

abababab's concerns have since been addressed within our support ticket system.

NO they haven't. I missed notifications of the thread update otherwise I would have posted back sooner

CaVirtex is now claiming that they were actually calculating dormant activity fees the whole time, but not charging them because of their own "development priorities". So all of a sudden in october it suits them to start charging, so they back-charge at todays rate rather than the rate at each of the dormant months that they were supposedly calculating. Totally fucked.

Obviously they had an opportunity to clarify that in their announcement on the oct 15th but of course they didn't, saying only "This announcement is to notify all users that we will be commencing the billing of dormant account fees on October 23 2013 at 11:00AM (MST)."

Again they also had an opportunity to email a notice to dormant accounts but this wouldn't net as much $$$ so they didn't. They ALSO had an opportunity above to clearly state that that is what accounts for the 4BTC fee and they didn't

I'd also like to point out that they had an IPO for Havelock a while ago but then announced at the beginning of october that they couldn't deliver on their (first??) dividend (http://blog.cavirtex.com/announcement-ceo-joseph-david) which included this as one of their two points:

Quote

VirtEx is re-investing all revenues to grow our company and maintain our team of 15 employees, as well as investing in marketing and legal counsel.

Smells to me like they are growing unsustainably and/or mismanaging finances and have to pull cashgrabs like these.

If they can't manage to run an exchange that is popular and well used and has already high fees without pulling shit like this then something is seriously wrong.

abababab

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