BnxaIt is always interesting to go back and look at the posts a year ago or so for the various contributors to this bb.Very illuminating and strongly recommended .
Yesterday was a relatively large trading day on the pink sheets for bnxa .About 325,000 shares traded which were mainly buys in 10,000 share lots all day for 0.25 cents Us.No movement in the price however.
So Clearly someone was selling and someone was accumulating shares at these ultra cheap levels.BNXA would appear to be trading at less than net asset value ,if one is a Benjamin Graham acolyte one would think that those accumulating shares are on to a good thing .
We are coming in to tax loss selling season and pretty well everyone who followed the advice of the well known posters on this board will have major losses ,some will likely harvest those losses over the next month .It might thus take a few weeks for the tax loss selling shares to be mopped up.
The delisting on the venture exchange was predictable and preventable .
Nothing much more to say than await the annual and first quarter financial reports to get a more formal appraisal of BNXA,s financial position.
As I said before the FTX saga will be the subject of multiple books and a movie ,it is quite extraordinary how this was allowed to happen .
I was once at a fantastic fascinating talk by Roger Mcguin of the Byrds ,he was asked about the 60,s and said it was all about "sex,drugs and rock and roll".FTX is all about "sex,drugs ,fraud and Crypto".