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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

Comment by Vancity1on Dec 20, 2024 10:25am
95 Views
Post# 36372106

RE:Bullseye Stock Trader on BNXA says hold and dont let go ! $$

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. 
 

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