Post by
arh0070 on Sep 25, 2022 11:05am
Bnxa
Not much to say in the absence of release of financial data .
The annual report will be released 4 months after the end of the June quarter,rules from the Canadian regulatory authorities do not permit any additional delay.
No further news about private financing through sale of stock ,seems likely it has fallen through .One could speculate that they had the financial records of bnxa and didnt like what they saw.
Sale of domain names for 3 million cash cannot necessarily be viewed as good news ,they obviously need the cash .
No news about whether they are using credit line to fund operations.
Every week it hits another all time low ,albeit in terrible market conditions .Now well below price of stock available to sophisticated investors prior to listing in Canada.
Crypto markets remain very poor with the exception of XRP which popped up in the last week.
BNXA,S market strength was in Europe but economic conditions are so bad there courtesy of Mr Putin can't imagine business is too good there ,things in Asia not much better either.
Lynn Alden who is a really good macro market analyst gave advice this week"dont buy anything"
Article today in WSJ about attempted bottom fishing is not turning out too well.
Worst bond market since 1949.
I am not going to attempt this again in BNXA until they release financial data which will enable one to decide if bnxa is going to survive or not.
BNXA management simply not interested in telling shareholders what is going on with thier company ,not exactly a reassuring sign.