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Abaxx Technologies Inc N.ABXX

Alternate Symbol(s):  ABXXF

Abaxx Technologies Inc. is a Canada-based financial software and market infrastructure company. The Company is developing and deploying software tools that make communication, trade, and transactions secure. The Company has launched Abaxx Commodity Futures Exchange and Clearinghouse, regulated by the Monetary Authority of Singapore, to support trading and risk management with physically settled benchmark futures contracts in the commodity markets at the center of the energy transition to a low-carbon emissions economy. Its products include Abaxx Verifier, Abaxx Drive, Abaxx Messenger, Abaxx Exchange, Abaxx Clearing and Abaxx Infrastructure. The Company is also focused on building Smarter Markets, which allow tools, benchmarks and technology to drive market-based solutions to challenges, including climate change and the energy transition. The Abaxx Verifier is a secure password, identity and verification application.


NEO:ABXX - Post by User

Bullboard Posts
Post by commissionson Dec 21, 2006 1:52pm
490 Views
Post# 11906690

cancelled financing

cancelled financingI think this is great - read between the lines - its got nothing to do with market conditions but rather a strategic partner. Why would you do a financing if you are about to sign a deal with a strategic partner who will pay the bills from now to the end of the project - no dillution!!! They wanted a deal in place by the end of the year/early next year - looks like they have one - the financing was started probably as a safety net - but if a deal is imminent then just cancel the financing - wouldn't be surprised to see something early 1st quarter...JMHO commissions
Bullboard Posts