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Abaxx Technologies Inc N.ABXX

Alternate Symbol(s):  ABXXF

Abaxx Technologies Inc. is a financial technology company that is developing and deploying software tools that make communication, trade, and transactions secure. The Company is primarily focused on launching Abaxx Commodity Futures Exchange and Clearinghouse, regulated by the Monetary Authority of Singapore, to support trading and risk management with physically settled benchmark futures contracts in the commodity markets at the center of the energy transition to a low-carbon emissions economy. The Company is also focused on building Smarter Markets, which allow tools, benchmarks and technology to drive market-based solutions to challenges, including climate change and the energy transition.


NEO:ABXX - Post by User

Bullboard Posts
Comment by StockscoutXon May 28, 2015 9:32am
181 Views
Post# 23773237

RE:For What It's Worth....

RE:For What It's Worth....With the way the DSO is set up. New Millennium will be slowly squeezed out of the DSO deal. Remember the news release on april 10,2015? The SP dropped 30%+ with a very huge volume. It all has to do with the dillution of the DSO deal every time TATA Steel does a cash call.

Moreover, if New Millennium survives long enough, do you think TATA Steel will permit them to grow and have a competitor at their door steps? They will use all their financial might to keep New Millennium very small, leaving them with bread crums. How much do you think NML shares will be worth?

The way I see the partnership between TATA Steel and New Millennium is not a relationship of true partnership but of one dominating the other and to pull all their strings. I believe in the long run New Millennium will be taken over be TATA Steel for peanuts and the retail shareholders will be left with a very sour taste in their mouth.

All in my opinion.
Bullboard Posts