BnxaQuite frankly the bnxa numbers for March are poor.The numbers dont lie .
All the people criticizing me have been relentlessly bullish and have been consistently wrong for over a year .Anyone following thier advice will all have lost money,pure and simple .
It is extremely difficult to make a bullish case for bnxa right now especially given what is happening to the Cryptos.
The cryptos are at critical support .
I made a large amount of money last year in cryptos ,as a result just heard from my accountant that I have a big tax bill.
Have a smallish position in alt coins right now ,hoping for a big surge in Alt coins ,this has been long predicted but hasn't happened yet .
If BTC support at 40K doesnt hold its down we go .
If the cryptos fall further I wouldn't be surprised if those who bought pre listing at 90 cents will be loosing money .
The quarterly report will be critical to review especially its cash balance .If it has declined significantly from the 25 million previously then in view of the current low stock price borrowing money for liquidity (something the company has already alluded to) will be required presumably at high interest rates .How high will give an indication of how financial people view bnxa prospects.
In the last crypto bear market which lasted three years, many companies did not survive ,hopefully this will not happen to bnxa.Clearly a lot of people have worked very hard to make BNXA a success ,unfortunately the crypto space is very volatile and prone to regular severe bear markets based on past history .Its great during the bull runs but brutal during the bear markets where some coins fall 85% plus .