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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 Dec 18, 2023 9:24pm
209 Views
Post# 35790988

Odds of being halted again have sky rocketed.

Odds of being halted again have sky rocketed.

Come end of December the likelihood of Banxa stock being halted has gone parabolic. 

This is my opinion but I don't see why anyone would risk hodling Banxa shares through the end of this month when the possibility of being halted for another long period of time is so high. 

with this halt possibility lingering as well as the lawsuite out of Illinois and liquidity issues where is the reward in this risk reward ratio ? 

Management have gone silent after promising another update of a timeline for the audit completion. 


If I was on the board and had a vote to sell the company to the highest bidder I would be voting for the sale for pennys on the dollar. 

Put your beaten and abused shareholders out of there misery and sell this dumpster fire and be done with it. Game over. 

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