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Banxa Holdings Inc V.BNXA

Alternate Symbol(s):  BNXAF

Banxa Holdings Inc. is a Canada-based company, which provides a financial technology platform. The Company’s principal business activity is being a payment service provider to global cryptocurrency exchanges. The Company’s products include On & Off Ramps, NFT Checkout, OpenRamp and Token Listings. It offers extensive global and local payment options resulting in conversion rates up to three times higher than credit card-only solutions. Its fiat-to-crypto On & Off Ramp solutions enable users to conveniently and securely convert traditional fiat currencies into cryptocurrencies. Its product is a full-stack solution, including UI, Identity know your customer (KYC), Payments, Crypto Liquidity Management and Customer Support. Its NFT checkout solution is offered both in the primary and secondary markets. OpenRamp offers a streamlined solution for on & off ramping, enabling users to effortlessly transition between traditional financial systems and the decentralized blockchain world.


TSXV:BNXA - Post by User

Post by arh0070on Jan 04, 2023 11:39am
385 Views
Post# 35202800

Bid/ask

Bid/askOn the pink sheets .
Bid 28.5 cents us (5000 shares)
ask 42 cents         (similar number)
Volume 480 shares at 32 cents US.Trading Value about 160$ Us.The cost of a meal for two in a nice restaurant in Australia .Perhaps Mr Carosa could take me out for a nice lobster dinner on the river in Melbourne where I was a few weeks ago.Cost of 5000 shares right now is about 1000$ us or so ,March 2021 cost would have been 40K.
I suppose the auditor(s) took Christmas and New Years off .One would imagine they are back at work .
Where is is Sven,Vancity ,Urbani,Money Wise,and all the others ?????
As a contrarian indicator Stockhouse bbs are quite useful ,sell when there are lots of wildly bullish notes (March 2021)predictions of 25$ plus ??? Buy when there are none (like now).Very risky business however right now, but less risky than March 2021 I would think.One could in fact buy the company for about 10 million or so right now.
Perhaps someone could get bnxa financials that presumably were given in some form (unaudited of course)and the value of current assets from the company that extended a line of credit at 20% interest or the hedge fund that bought the preferred shares .Presumably they didnt loan money to bnxa in a vacuum ,which is where bnxa retail shareholders find themselves.
Diservice to retail shareholders who have basically been treated with contempt in what is clearly a rigged system .No wonder the shares  are delisted and there are no notes being written other than the occasional one by me who is also now a retail shareholder.
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