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Abaxx Technologies Inc N.ABXX

Alternate Symbol(s):  ABXXF

Abaxx Technologies Inc. is a Canada-based financial software and market infrastructure company. The Company is developing and deploying software tools that make communication, trade, and transactions secure. The Company has launched Abaxx Commodity Futures Exchange and Clearinghouse, regulated by the Monetary Authority of Singapore, to support trading and risk management with physically settled benchmark futures contracts in the commodity markets at the center of the energy transition to a low-carbon emissions economy. Its products include Abaxx Verifier, Abaxx Drive, Abaxx Messenger, Abaxx Exchange, Abaxx Clearing and Abaxx Infrastructure. The Company is also focused on building Smarter Markets, which allow tools, benchmarks and technology to drive market-based solutions to challenges, including climate change and the energy transition. The Abaxx Verifier is a secure password, identity and verification application.


NEO:ABXX - Post by User

Comment by Contrarian333on May 19, 2023 2:48pm
193 Views
Post# 35456964

RE:RE:New Press Release - Abaxx Technologies Announces Share Consolidation

RE:RE:New Press Release - Abaxx Technologies Announces Share ConsolidationI don't disagree with you in general about stock splits even though there is no fundamental justification for subsequent share price weakness. In this case, it is a condition of listing on a US exchange which exposes the Company to a much broader investment audience with a greater "appreciation" for this type of technology/finco asset..  In addition the resulting float is very small - meaning that with good news i.e. financing at the exchange level at an attractive valuation, and/or final approval and activation of the exchange - there is lots of "promotable" news in the hopper and the potential for a squeeze higher.
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