RE:RE:Cryptos Some of your downside points are simply not true:
- Company fundamentals definitely matter and are the driving factor of SP performance, whereas, sentiment will play a factor in SP performance
- Nasdaq listing will bring more exposure from not just US investors, but partners and end customers as well, which will accelerate growth
- The Nasdaq listing should not cost a whole lot and will be funded from cash on hand and internal cash flow. There shouldn't be any dilution, unless Banxa decides to sell shares to fund growth
- I can't see any rational short seller targeting Banxa since the it is already significantly underpriced
- Banxa will see a reduction in volume if crypto sentiment declines in the short terms, but long term that is not the case in my view. Also, volatility is good for Banxa because they make money in both directions, flow int and out of cryptos
Banxa's key risk is not intrinsic, it is related to overall viability of cryptos in the long run. Which I believe has been dealt with because of the amount of institutional investment being made in crypto and with the rise of the metaverse. I think Banxa is well positioned for success and become a dominant payment services provider for the crypto market. Additional product lines will only make Banxa more attractive.
Good luck to all!