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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

Post by GMoneyTxon May 18, 2022 12:30am
446 Views
Post# 34691328

Abaxx Investor Update Call - Q2 2022

Abaxx Investor Update Call - Q2 2022

Positive update from Abaxx today. Here are my main takeaways:

 

1. Macroeconomic trends continue to validate Abaxx thesis.

2. FCMs have been identified and will be onboarded in the second half of this year.

3. Plenty of capital to achieve major company objectives in the next 6-12 months without dilution.

4. When the exchange is launched, building market liquidity will be bolstered by the fact that Abaxx will be providing a product that is currently being demanded by market participants - many of which have been consulting with Abaxx directly.  Abaxx won’t necessarily be trying to pry market share away from existing products on the market.

5. Abaxx spin-off Base Carbon will likely start generating revenues next year.  Abaxx will be earning a royalty on these revenues.  It is projected that within just 5-7 years, Base will be in a position to exercise the buy-out of the royalty agreement for $150M (USD).

 

#5 alone is worth double the current Abaxx market cap. Lol.

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