News releaseNews release today .No definite date given for completion of audit other than it will be in the New year.Borrowed more money (unsecured) 2 million Au at almost 20% calculated on a daily basis !!!!!!
So that reveals that the company does not exactly have a triple A credit rating.As I mentioned before debt gets paid off before shareholders in the event of a bankrupcy.
Trading on the pink sheets remains minuscule around 2000$ Us at prices between 18-25 cents .
Coin continues to tank and is at an all time low .Down from 350$ plus to around 33$ Us .Coin must be bleeding cash like crazy ,whether it will survive or not remains to be determined .
The saga at FTX continues to play out like a soap opera ,the prior CEO has been returned in handcuffs to the US ,two of his associates including his one time girlfriend have done a deal with federal prosecutors and plead guilty in return for testimony against the prior CEO.
As I said before its a convoluted story of "sex,lies,crypto and fraud ",quite amazing that they got away with it all for so long.
The Crypto markets remain in the doldrums.At this point in time the BNXA booster club seems to have imploded with no more posts from them in weeks.
I have done a little attempted bottom fishing in bnxa ,buying on the pink sheets ,probably a foolish move but better than buying at 8$ a share as was being pushed 18months ago.Quite apparent ,notwithstanding the endlessly optimistic news releases from the company that the viability of bnxa is in doubt .Impossible to know how bad things are in the absence of any financials.Borrowing money at 20% not exactly a good sign .So we wait and see what happens.