RE:Bullseye Stock Trader on BNXA says hold and dont let go ! $$ This is the real crooked part here.
"Zafer Qureshi, Executive Director and Co-Chief Executive Officer of the Company, said, "This Transaction, with its significant cash premium, represents an exceptional outcome for Banxa and delivers immediate value for our shareholders. As a private company, Banxa will have the flexibility and resources to continue to implement its strategic vision without the added financial and administrative burden of remaining a reporting issuer in what remains a challenging capital markets environment. We look forward to this exciting next step in Banxa's evolution."
I don't believe this is a challenging capital markets environment anymore, with rates dropping and companies getting 0% convertible bonds to buy Bitcoin all over the place. So they can come up with tens of millions of dollars to take the company private but they can't use that money to exercise the warrants at $1.00 to strengthen the balance sheet ? I believe that would give more confidence to shareholders to continue to push the price up to and over the recent highs of $1.20 -$1.35
So Zafer is excited about the next step in Banxas evolution of being a profitable company ? Wow this is so crooked.
Time to lawyer up.