RE:Problem with Abaxx share price isGood questions, Here is my 2 cents:
1. It would not surprise me if the transfer of the $10M to the MAS is not done until all other Clearinhouse approval criteria have been met. Why not keep the funds in our bank until we are ready to fire up the exchange and clearinghouse? (Current expected launch date is March '22.)
2. BASE is basically a carbon streaming company, funding carbon projects while retaining a % of the eventual carbon credit sales. BASE has huge potential, just look at what the carbon markets have done over the last year. And carbon market growth is still in its infancy. The equity ownership and the tech royalty give Abaxx significant exposure to the upside of BASE. And remember that a portion of the BASE equity will be dividend directly to Abaxx shareholders in early '22.
3. Their technology is being utilized by BASE, Abaxx Exchange, and AirCarbon Exchange. They have another initiative being worked on as well called Upboard Auctions, which will presumably utilize their tech as well.
4. Abaxx has taken the approach of developing the exchange products in close coordination with market participants. So a lot of the marketing / recruitment is being done pre-launch. Josh C. mentioned that there is well over 100 market participants who have expressed interest (and I read somewhere that there were 134 non-disclosure agreements in place.) Joe R. also mentioned on a podcast this summer that a good consensus of market participants were ready to utilize the exchange upon launch. But it is odd that there has been no formal communications / press releases from Abaxx regarding market interest. I believe Abaxx is deliberately keeping the details close to the vest for strategic reasons.
Q1 2022 looks to be very important for Abaxx, and successful execution will likely result in the share price gaining some traction. Here are the main items on the Q1 schedule:
* Complete the public listing of BASE.
* Receive final regulatory approvals for the exchange and clearinghouse.
* Launch Exchange / Clearinghouse (This will hopefully be accompanied by news flow regarding specific exchange participants and transactions).