Contagion continuedSorry to be Mr Gloom and Doom but there is more contagion today with a bank run on a Silicon Valley bank ,I beleive it is being affected by the downturn in high tech and impacts of Silvergate .Cryptos being impacted significantly .Bear market doesnt look like its ending anytime soon .Looks like Bonds,gold and cds are the place to park money right now .
BNXA cash burn rate is going to be the issue as to whether it survives or not .BNXA borrowed money at very high rates from a hedge fund so that will be depleting cash balances every month .Obviously they can't have a share issue since its not trading .,They would have to sell more assets to raise cash but I expect the best ones will be pledged to the hedge funds .As noted before in the event of a bankrupcy bond holders and owners of debt are first in line .Shareholders come last .