Bullboard - Stock Discussion Forum 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... see more

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Abaxx Technologies Inc > Abaxx history

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Post by truediligence on Jun 08, 2022 12:08pm

Abaxx history

Abaxx executed and Reverse Takeover of New Millennium Iron Corp. (NML) in Dec. 2020. NML, a junior miner, brought to the table: no debt, between $10-20 million cash, massive iron ore reserves (28 billion tonnes), and iron ore dock loading rights worth millions more. Abaxx brought the promise of a new commodity exchange in Singapore (license approved “in principle”) and a new “powerful” business suite of software (ID++). A year and a half after the RTO there is no licensed commodity exchange and no indication that a single dollar has been generated by the ID++ software suite. What is going on here?

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