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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 Apr 17, 2023 10:53am
225 Views
Post# 35398325

Jo7462

Jo7462Jo is a new member who registered today .
The audited financial results from 10 months ago are now published .I would encourage everyone who is interested in bnxa to read them in great detail and look beyond the headlines .
Question1 does the title of the news release reflect the content ???
What is the cash burn rate .Has the investors equity reduced by 50% comparing the 2022 and 2021 results ??Wonder what it is now.It says it has no debt which may be technically correct as of June 30th 2022 but subsequent to that date further financing and debt were taken on as far as I recall.
Will the listing of bnxa be resumed considering the fact that they have not released any recent financial results .I dont know what the requirements are for a relisting but I would think that recent financial results would need to be published ,ie the September quarter ,the December quarter the March 2023 quarter.
It just would be nice if the company would just give a realistic discussion of the companies prospects rather than just hype.
The good news is that Cryptos are doing better with BTC around 30k,Ethe getting close to 2K and Cardano up in the 40-45 cent level.Most alt coins are bad .
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