Cheerleading/booster clubSadly these bulletin boards are infested with Cheerleaders ,rarely will you get an honest opinion from them .Thier purpose is to encourage more investors to buy the stock they are cheerleading for hence pushing the price up .There are two types of cheerleaders .
1)they own the stock and want to push the price up thereby increasing the value of thier investment .As such they have a conflict of interest and thier opinions most times are worthless.or
2)They have a financial interest in pushing up the price of the stock and are reimbursed as part of the p/r department of the stock being boosted or they are a member of a brokerage house who has a financial relationship with the company.
In both cases they have no interest in contrary opinions ,often do not respond to issues raised and often accuse those that perhaps have a contrary opinion if even slightly of shorting the stock .
Anyway I am quite comfortable with my 15K profit in 2 weeks investing in Banxa and the fact that I still own(albeit smaller)position in the stock .In highly speculative stocks like this one can only get out when it is going up .When it crashes as it surely will it will be impossible to get out ,when that will happen is anyone's guess .You can be sure that you will get no warning from the cheerleading squad.
I am thankful for whoever posted about Banxa on the Voyager website ,made me a lot of money .
Very little known about the financial position of Banxa and more importantly its cash burn rate which is always critical in these small caps .
Anyone invested in Banxa needs to watch the crypto market like a hawk ,bitcoin will crack first and then followed by all the rest .There is a lot of froth there and prices being paid for digital pictures etc are just ridiculous ,