RE:RE:RE:RE:BNXA vs. VYGRYou are welcome to your opinions, and should feel free to purchase whichever stock you prefer. However, a few points on the other side:
1) BNXA's secret sauce is the infrastrucuture between all of these payment methods -- big and small. From large digital trading platforms to physical locations such as Australia Post. I trust there is room for more than one PSP, and BXNA has a head start on most. They can also diversify to other parts of the market.
2) Not many companies can get away with shifting a PP higher since most enablers will point to multi-day trading averages. There are execptions, but it doesn't suprise me that BNXA wasn't able to since they don't have the cache of namebrand companies.
Besides, this is temporary share price weakness. Those who care about fundamentals, as I do, aren't worried about it.
3) BNXA has already stated they were asked by a number of exchanges to list, but the TSXV was the exchange that offered the easiest path to listing. That's why they came here first.
arh0070 wrote: Somehow I doubt that .
No one seems to have mentioned the big news of the day which is in my opinion is significant ,it has two components ,one the alt coin market cap reached another all time high today indicating that alt coin season is beginning .This is often associated with a blow off top for Bitcoin .Anyone interested in this should do thier own research.
Second ,this was caused by the (1)paypal announcement ( a huge company which is a worldwide payment system) where you can now buy cryptos and have your own paypal crypto wallet ,the big news today is that paypal announced that you can use your Bitcoin paypal wallet ,Ethereum wallet ,Litecoin wallet to buy things ,they will do the conversion .This is a major development in an alternative banking system . Will it effect Banxa since this would appear to be competition in thier pipeline business from banks to cryptos with competition from the Big boy in the room (paypal),more to come I expect since this is a very fast paced and rapidly changing world (ie the cryptos ).
Second when a private placement is done and thier is significant demand it is quite common to adjust the price upwards (of the private placement ) somewhat closer to the retail value .This didn't happen to Banxas placement and ripped off the retail investors who were paying twice what the insiders were paying .The net result( easily predictable) has been decline in the price of the retail shares closer to the pp price .
On the pink sheets yesterday there was a big sale of between 200-300,000 shares of Banxa into the market (between 12 noon and 1 pm)in one block (usual volume 30k a day )so someone sold a bunch of shares and I would suspect to pay for the cheaper private placement shares ,this event depressed the banxa share price yesterday for retail investors .
third why is an Australian based company trading in Canada and not Australia ,their business is mainly in Asia and Europe .Could it be because the listing requirements are much tougher in Australia than on the Venture ,I wonder.