RE:BANXAarh0070 wrote: Banxa continues its downward trajectory despite the Herculean efforts of the booster club .not a good sign given the Crypto news about Visa and USDC .Voyager by contrast has gone up quite considerably.Anyone with half a brain can see that Voyager has a completely different type business than Banxa .Precisely what Banxa does is quite opaque .
There will be no news from the company until the private placement closes ,there is something called the quiet period which requires that management stay quiet during an offering ,often times after the offering closes they try and release some good news to make a profit for the insiders who bought the private placement .Here however it may not happen as the private placement was done at such a low price relative to the current stock price though with the fall in share price it is gradually approaching the 4$ level.Volume today seems quite normal for Banxa and is not low .
one of the booster club posts in the middle of the night and only on Banxa ,must be in Australia and affiliated in some way with the company .They mentioned something about the company slowing down growth ,not sure where this information is ,on the Banxa website there is reference to an interview in February but the link is gone .None of the other boosters have mentioned that .They just completely ignore any potential bad news.
One of the great advantages that Voyager has is "no booster club" best always to do the opposite of what boosters say .It's certainly working with Voyager as it goes up in price while Banxa declines .This will likely continue until after the pp closes .
I saw about them slowing business down, and I wondered where did that information come from .And I also wondered why would a booster even post that ?