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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 Vancity1on Oct 05, 2023 6:37am
165 Views
Post# 35670442

Volume.

Volume.

Volume is non existent. Management buying shares has been the only volume and it looks to be done now. IMO the total amount of shares bought and total amount of money spent was not really meaningful IMO looks to be more symbolic or for show. I hope the new management has a game plan to bring new eyes to the company. I think it's time to make a major headline news/ partnership or new payment method partnership like American Express or something big to really give attention the recent news has had a nil effect total volume on the TSXV was 3000 shares today. 

clearly the current retail shareholders are not willing to double down. It looks like insiders are enriching themselves by giving away 25% interest loans to themselves. I'm not exactly how to explain this but the 25% loans to me seem off, although I do think it's better to get the liquidity from someone rather than not have it. 

The company needs to sell to the highest bidder asap IMO the new capital raise only 3 months after the stock re listing was also a bit of a slap in the face it's major dilution at extreme low valuation. 0.80 CAD and give away warrants at a 25% discount at 0.60 and or 10% interest all seems odd. 


I hope it works out tbh. 
 

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