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Bullboard - Stock Discussion Forum Banxa Holdings Inc V.BNXA

Alternate Symbol(s):  BNXAF

Banxa Holdings Inc. is a Canada-based company, which provides a financial technology platform. The Company’s principal business activity is being a payment service provider to global cryptocurrency exchanges. The Company’s products include On & Off Ramps, NFT Checkout, OpenRamp and Token Listings. It offers extensive global and local payment options resulting in conversion rates up to three... see more

TSXV:BNXA - Post Discussion

Banxa Holdings Inc > Cheerleading/booster club
View:
Post by arh0070 on Mar 18, 2021 12:14pm

Cheerleading/booster club

Sadly these bulletin boards are infested with Cheerleaders ,rarely will you get an honest opinion from them .Thier purpose is to encourage more investors to buy the stock they are cheerleading for hence pushing the price up .There are two types of cheerleaders .
1)they own the stock and want to push the price up thereby increasing the value of thier investment .As such they have a conflict of interest and thier opinions most times are worthless.or
2)They have a financial interest in pushing up the price of the stock and are reimbursed as part of the p/r department of the stock being boosted or they are a member of a brokerage house who has a financial relationship with the company.
In both cases they have no interest in contrary opinions ,often do not respond to issues raised and often accuse those that perhaps have a contrary opinion if even slightly of shorting the stock .
Anyway I am quite comfortable with my 15K profit in 2 weeks investing in Banxa and the fact that I still own(albeit smaller)position in the stock .In highly speculative stocks like this one can only get out when it is going up .When it crashes as it surely will it will be impossible to get out ,when that will happen is anyone's guess .You can be sure that you will get no warning from the cheerleading squad.
I am thankful for whoever posted about Banxa on the Voyager website ,made me a lot of money .
Very little known about the financial position of Banxa and more importantly its cash burn rate which is always critical in these small caps .
Anyone invested in Banxa needs to watch the crypto market like a hawk ,bitcoin will crack first and then followed by all the rest .There is a lot of froth there and prices being paid for digital pictures etc are just ridiculous ,
Comment by Urbani on Mar 18, 2021 12:55pm
Well, there you go than... Move on and enjoy. You have nothing to add here on BNXA...
Comment by NorthernEmt on Mar 18, 2021 2:01pm
All fiat currencies are dying, this is just the first or second inning of the Crypto bull market as people get into assets which won't be inflated away.  I understand your caution but feel that you are getting out way to early.
Comment by sirmevl on Mar 18, 2021 3:11pm
Heres actual data not just words.  I assume if your on here your intrested which is odd due to your replys, you must have alot of time on your hands. Maybe flush out an anlaysis that supports your waste of a time post. https://www.dropbox.com/s/g59kgo10i295nql/Banxa%20-%20Mar%202021%20-%20Initiating.pdf?dl=0
Comment by 3matthews4 on Mar 18, 2021 3:26pm
Here we go. It was just a matter of time before this crud started creeping in. 
Comment by sirmevl on Mar 18, 2021 3:46pm
Agree data sucks go with feelings 
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