BNXAThe way the company presents its data always tries to emphasize the positive and not necessarily the reality at this moment in time .This is the current data in 2021.
TTV MAY 127MILLION
TTV JUNE 53MILLION
TTV JULY 59MILLION
TTV AUGUST 78MILLION.
So there was an incredible hit to TTV and presumably cash flow as a direct result of the 58% correction in the Crypto market which occurred starting late May/early June from which the market has not yet recovered.There should be no doubt that the health of BNXA is directly tied to the overall health of the Crypto market.If the SEC starts regulating the Cryptos and Defi this will have a chilling effect on the market and a resultant fall in the Cryptos and hence a fall in the TTV.
The company has not published its cash balance in at least 2-3 months to my knowledge.The 25 million that it had in reserves is being depleted ,the question is by how much.Ie What is the cash burn rate Mr Cardoso????This will give an indication when the next cash raise will be.
There has been a massive increase in personnel expenses at the same time that the TTV has dropped a great deal.
In my personal opinion if the Cryptos go into a major bear market which usually happens on a 4 yr cycle when prices often drop by 85% (ie much worse than the recent correction )with a concomitant drop in trading volume BNXA will be toast .
BNXA has come into the 4 year cycle at a relatively late point in the cycle ,the large increase in personnel and the rapid growth plans may very well collide with the reality of a Crypto bear market in the not too distant future .So we will see what happens .
This is a trader stock and in order to make money one has to be very nimble.