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Banxa Holdings Inc V.BNXA

Alternate Symbol(s):  BNXAF

Banxa Holdings Inc. is a Canada-based company, which provides a financial technology platform. The Company’s principal business activity is being a payment service provider to global cryptocurrency exchanges. The Company’s products include On & Off Ramps, NFT Checkout, OpenRamp and Token Listings. It offers extensive global and local payment options resulting in conversion rates up to three times higher than credit card-only solutions. Its fiat-to-crypto On & Off Ramp solutions enable users to conveniently and securely convert traditional fiat currencies into cryptocurrencies. Its product is a full-stack solution, including UI, Identity know your customer (KYC), Payments, Crypto Liquidity Management and Customer Support. Its NFT checkout solution is offered both in the primary and secondary markets. OpenRamp offers a streamlined solution for on & off ramping, enabling users to effortlessly transition between traditional financial systems and the decentralized blockchain world.


TSXV:BNXA - Post by User

Post by Vancity1on Jun 02, 2021 1:38pm
211 Views
Post# 33311671

Elephant in the room !!!

Elephant in the room !!!

Who wants to address the fact that 15M$ was cost of sales in Q and only 6M$ of real revenue out of 21M$ ? It's crickets from management when it comes to addressing this gigantic elephant. 


homestly not impressed one but by that 21M$ in revenue because it was only 6M$ Q2 was 4.5M$ from 111MTTV and Q3 was 6M$ from 210MTTV for me I'm long a while ton of shares and I have to address this massive concern that's being covered up by management as nothing to look at. 

if cost of sales is so high we could be doing Billions in TTV and most of the revenue we make would be expenses to cost of sales

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