BnxaThe "audit" saga continues .It is 10 months since the end of the last financial year (March 31st 2022).
Personally I doubt that completion of that "audit" will be enough to get the Canadian listing back as they are at least 6months behind for the first quarter (ended June 30th 2022) and 3 motnhs behind reporting for the second quarter.
There is no financial information being released to retail shareholders but i have no doubt that the hedge funds and lending people(at 20% interest)are getting regular financial updates.
The bid ask has improved a little on the pink sheets with a few thousand shares exchanging hands at 40-45 cents.
Someone is suppressing the price on the pink sheets ,someone sold a few shares late on Friday afternoon to keep the bid down .Wouldn't be at all surprised if the hedge fund doesnt buy out bnxa for cheap if it is financially viable whilst rewarding the BNXA executives .
Meantime BTC and Ethe are doing a little better .
Coin has over doubled from its low as a lawsuit against it was thrown out (there are however multiple other suits including as shareholder instituted which are still active .
I sold a few more bnxa last week on the pink sheets so my remaining position is bullet proof .Dont trust bnxa to do anything to benefit retail shareholders ,only the insiders.
its a strange animal ,based in Australia with a primary(but delisted) listing on a Canadian exchange whose main business thrust would appear to be in North America .
Zero chance it will ever get a Nasdaq listing in my personal opinion as a retail shareholder.
I think the most likely scenario (if it doesnt go belly up) will be a low bid by the hedge fund to take out retail shareholders for peanuts .The alternative scenario would be for it to go Bankrupt and the hedge fund and other debt holders will pick off the valuable assets leaving nothing for the retail shareholders( debt holders have first call on the assets ).
Jonas hasn't posted for months ,wonder if he's been fired .