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Bullboard - Stock Discussion Forum 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... see more

NEO:ABXX - Post Discussion

Abaxx Technologies Inc > Problem with Abaxx share price is
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Post by Jethro980 on Dec 16, 2021 7:02pm

Problem with Abaxx share price is

We are not getting updates at all. Once is a while we see the prognosticators like James Dwade but on the whole very little concrete info.  At this stage we should have clarity on. 1. When will Abaxx pay the 10 million re the Singapore exchange and start the exchange.  2.  How much benifit will Abaxx shareholders actually get from this utterly confusing BASE thing.  3. Indications were that they would soon spin off  / or offer for sale / rent some of the technolgy developed. What technolgy and when.    4. Do we actually have interested customers. Don't have to name them but how many are actually interested??    Until we get clarity on this which ahs been sorely lacking the share price will languish. This should be trading at 10.00 or more but where is that prce??
Comment by GMoneyTx on Dec 16, 2021 9:43pm
Good questions, Here is my 2 cents: 1. It would not surprise me if the transfer of the $10M to the MAS is not done until all other Clearinhouse approval criteria have been met.  Why not keep the funds in our bank until we are ready to fire up the exchange and clearinghouse? (Current expected launch date is March '22.) 2. BASE is basically a carbon streaming company, funding carbon ...more  
Comment by Contrarian333 on Dec 19, 2021 4:42pm
I think the on boarding process is and will continue to be a work in progress. I think attaching any time horizon to it will only lead to disappointment. Regional players will probably fall in line first. Getting the global players signed up may take pressure from industry participants ie LNG producers/consumers who want to have access to the exchange and its contracts. Exchanges are valuable ...more  
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