BnxaWell we will see what happens to BNXA with the news .It is a down day in the markets related to possible changes in federal reserve monetary policy .There is no place on Stockhouse for people like federal reserve .I have placed a formal complaint ,he needs to be removed.His comments are total rubbish.
The report from BNXA is reasonably good .Transaction volume is stabalising which is related to the Crypto market starting to recover in July.
The critical thing is that the cash burn rate is quite small.So no need to raise cash anytime soon .
It is fair to say that the public relations aspect of the Shelf offering has been extremely poorly managed and likely contributed to the large fall in BNXA share price ,it is not totally to blame as other Crypto stocks without a shelf offering fell as well but not so much .They should have simply announced the explanation that they have presented now when they announced the shelf offering and the reason for it .
So it may prove that what I postulated of sell the rumor buy the news might be accurate ,we will see what happens to BNXA stock price over the next few days .I retain a small position and still regard it primarily as a trader stock which is hostage to the vagaries of the Crypto markets.