Bnxa The quarterly results are decent .Negative EBITA of about 1 million ,more than a year ago ,but this is associated with growth .Cash balances remain relatively stable,so no apparent reason for more share dilution.Acquiring debt is a two edged sword ,if you get debt ,that gets paid off before shareholders in the event of a downturn .
Just look at what has happened to Harte gold .
The Crytpo markets have stabilized and 53 K has held for Bitcoin .It was a panic on the day after thanksgiving .
Bitcoin is recovering a bit ,ETHE doing better also ,the Alt coins are very variable with Cardano doing poorly and others doing better .
The technical Crypto you tubers that I listen to were off for four days .It does appear that BTC has seen its top or has been very close to it .
In my Crypto account I have sold all my BTC for a 7 bagger ,sold 75% of my Ethe for a 20+ bagger ,still have multiple alt coins and waiting for alt coin season .Playing with free money now .
Bought some Shiba Inu the other day ,its up 25% overnight so sold it ;its a trader Crypto .
It is quite obvious That the Crypto bull market is aging .I am now just trading with free money .
The narrative that BNXA will do well if Cryptos go down has been shown to be false,if its part of normal markets up and downs ,trading volume will remain up .If as I suspect the Crypto market goes into a prolonged bear market ,transactional volume will collapse .This has happened twice before in 2013 and 2017 .
When the bear will happen is anyone's guess ,but when it happens,it will be unexpected and very quick so it will be impossible to get out and gas fees will be horrendous .
This will impact all Crypto stocks including Coin,VYGR,BNXA .
The developer s of Coin were incredibly smart ,they partially cashed out on the exact day Cryptos peaked back in early May .
I no longer own any Crypto stocks ,made good money on BNXA in its early days in February when it tripled in value .Since then its just been in a trading pattern .Also got out of VYGR for the same reason as getting out of BNXA .Never owned Coin .
These of course are just my personal opinions .Unlike the booster club I have no commercial relationships in any way shape or form and am just a private investor trying to make a buck.