Banxa Holdings Inc V.BNXA

Bitcoin holding

[arh0070]

If Banxa still has that amount of Bitcoin it amounts to approximately 2% of the value that it is currently trading for .Anyone who has experience trading in small high tech stocks knows that the Cash burn rate is of critical importance ,if it is high it means the company has to constantly sell stock to raise money (as is currently happening).Growth in revenue is not necessarily important if the company can't generate positive EBITA (ie cash flow)in a period of time .I know lots of high tech companies that grow none profitable cash flow rapidly and end up going bust or being taken over as they can't make a profit to support themselves .
I bought Banxa very early of it trading in the US ,it doubled in a short period of time so I took all my money off the table and just have free shares .I bought before doing my due diligence ,it is important to understand that Banxa is an Australian company whose head office is in Sydney with a branch office in Vancouver whose business is subject to extreme competition and its business is primarily in Australia and Europe ,very little in North America as far as I can see .It has a high cash burn rate (not necessarily a problem yet).Anyone contemplating buying should ignore the booster club and do thier own due diligence by reading information on the Banxa website .The fact that the recent share offering is priced at a major discount to market is not a good sign .
The news out on Friday from Coinbase is in my opinion a very bullish indicator for Voyager since it appears that the giant ipo is being delayed until April.The behavior of Coinbase doing Wash sales to pump Litecoin is not impressive .
Pretty obvious if you check into Voyager versus Banxa which is the better ,safer buy with a better chance for rapid stock price appreciation .It(Voyager) competes with Coinbase but has much lower transaction fees and offers more products .
I own both Banxa and Voyager but have decided that Voyager is safer with a more transparent business model and thus have "free shares in Banxa and less invested than In Voyager .
I cannot emphasize too highly the importance of doing ones own due diligence .It's much easier to loose money than make it in these super spec stocks .

[Vancity1]

Ah0070 stfu honestly your so ignorant jesus. If you want so spread FUD do it somewhere it makes sense. You literally have no clue what your talking about.. 

[Vancity1]

Ah0070 is clearly trying to spread FUD about Banxa and be a cheerleader for Voyager just run along to Voyager board and and try to talk smart there becaue you have zero clue what hat your talking about your delusional. This guy is so worried about cash burn rate of a 5 million$ when that's literally nothing the company already has positive EBITDA. Just run along clown. Or sel me your free 10

[Adwari]

Ah0070, I think you missed big on BNXA and trying to get some comfort or console yourself by trying to bash BNXA. You think the institions that just recently invested $10 million in BNXA think your way? I don't think so because they are smarter than what you are posting.  You know what; "You can't keep a good stock down"!

[BCdude]

I'll take BNXA any day at the current valuations. We haven't really seen yet how these new volumes can translate into free cash flow or not, but I suspect at a certain level it will become EBITDA positive. There is cash burn, but it's not as ludicrous as some tech companies, and I expect that to change in the not-too-distant future. As for Voyageur ... you go right ahead and buy that