Abaxx Technologies Inc N.ABXX

Alternate Symbol(s): ABXXF

Technology Software - Application

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

Abaxx Technologies Inc

Bullboard Posts

Comment by Rc0gburnon Nov 02, 2020 2:15pm

235 Views

Post# 31823840

RE:RE:RE:RE:Big names behind this one

As I understand it, the company remaining will be abbaxx, a "new" commodites exchange with offices globally. Their focus is energy and metals. I am not sure how the combined entity will manage the NML legacy assets, one would think they would either sell them or arrange some kind of royalty streaming program or profit share to retain some upside? Either way as I mentioned before, depsite Abbaxx having well heeled and experienced founders, it is still a money losing start up for now...Until they sell seats and create liquid, tradeable contracts and attract business to their platform it will be cash flow negative for some time, IMHO.

Bullboard Posts

5 steps to mastering risk management in the stock market