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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

Comment by FederalReserveon Aug 09, 2021 3:02pm
104 Views
Post# 33673004

RE:RE:RE:RE:Bnxa

RE:RE:RE:RE:Bnxa They issued shares in March & April for about $4 and $25mil raise. I hope they didnt burn through that already? The head count now stands at 100 compared to 25 then, not sure why on aug6 they anouced to potentially sell up to $88mil more, if needed??? Odd number $88mil. Why not $80.or $100? Are they trying to buy someone out in stock??? I read some of the previous posters and trying to make a better sense of all of this. The stock is not doing much here, pretty dead. Closing price on Friday was more like $3.10, looks like last minute someone dumped at $3.01.... Bitcoin was $41000usd on Friday , $46000 now. Big jump and banxa is pretty flat . Not a good sign. I think the previous poster is on to something. Aug 6 news is now more concerning to me & maybe the previous poster was right about china crytpo crackdown seriously impacting banxa in a big way? There's no momentum here for a very bullish crypto day. I really think now china's crackdown is effecting Banxa, & banxa will desperately buy another asset for up to $$88mil to offset this china crackdown. I just hope they don't over pay for a desperate long shot company, and dilute shareholders to death. Stock is $3 now, so issuing 30mil shares is no joke???? I don't know, any thoughts?? What's really going on here??????? What am I not seeing that the investment community is worried about
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