BnxaGood to see that Jonas is still working .BNXA is trading exactly where i predicted it would .Not a lot of volume today so far .
BNXA has about 40 million shares out .Some of thier borrowing is at around 18% if memory serves me correctly.Since another quarter has gone by one would assume that thier cash balance has declined further from year end .
So to me it would make sense for them to do a capital raise ,pay off the expensive debt and increase their cash reserves which currently provides about 6-9 months of current operating expenses based on thier last annual report.So we will see what happens .
its fair to say that if the Crypto bear market is over ,then bnxa at 1$ a share is a much better buy at 1$ a share than 8$ when it was being hyped and the Crytpo bear market was just getting started.
After a 7 month suspension of trading I would think it will take some time for investor confidence to be restored .But over a 1-2 year time frame buying at 1$ a share might be a decent but highly speculative buy.