Post by
arh0070 on Oct 11, 2022 3:25pm
Bnxa
Well I went to check to see if any new information was available.Jonas of course isn't a retail investor but some type of paid promoter ,one would postulate.
The article published yesterday was a "puff piece"and was based on the bnxa cash balance on March 31st .
I dont know but I suspect that Simply Wall Street is one of these paid promotional places rather than a none biased financial publication like the WSJ.
So NO detailed financial information has been released on BNXA for 6.5 months and counting .This information is available no doubt to BNXA management but is not being released,so one would postulate that the news must be perceived by BNXA management as bad .When times were good TTV and other financial info were released to great fanfare,now the opposite is occurring.
BNXA must be hoping they can put together some type of deal/ financing or otherwise in the next 3 weeks .If they don't publish the annual financial report (end of June 2022)they will be in none compliance with the listing requirements of their listing exchange and likely will be delisted .I dont know the timeline of such an order but have seen it happen with some small mining companies which were in none compliance.
Cryptos remain in a severe bear market ,in the past bnxa has basically indicated that there revenues go up and go down with the market,to my knowledge its revenue increases (or decreases )go up and down with the Crypto total market cap,this is way down from 18 months ago.