Banxa Holdings Inc V.BNXA

bnxa

[arh0070]

A couple of green daily candles ,as bnxa recovers a little after going below the recent offering price of 4$ Canadian.It is quite apparent that some people were 'in the know' about the shelf offering and were selling.This was of course during the time when small retail investors were being encouraged to buy from 8$ all the way down.
A potential dilution of 100 million shares plus ( at current stock price ) is quite extraordinary in my opinion.I was also appalled by the company releasing information whilst the last offering was going on .Generally thier is a quiet period during an offering ,I am not sure whether this is a requirement of the Canadian exchanges or not but it is what almost always happens in my experience.
The current Macro environment is currently extremely bad as the Crypto market is undergoing a very significant correction at the very least.Retail investors who bought ethe or bitcoin at prices 30% plus where they are today are hurting and panic selling.This is not good for bnxa or any of the other Crypto stocks no matte what the pumpers might say.

[PennyWise416]

BNXA or any company isn't going to dilute 100m shares and call it a day. They have big expansion plans, newly listed, small float, and will likely offer bits over many years. Crypto correction doesn't seem "extreme". It could become extreme, it could not. I think most investing in this space are aware of the volatility, which over time should become less volatile thanks to

[AverageJoe]

Don't worry about volatility, volume is what you need to worry about,  look for record TTV's in May.............again!

[Noscams]

good post . I wonder what is the date of that " off the shelf offering " was . I couldnt find it on the web site . How close was that to when the stock started to drop ? Someone people knew . I am a little disappointed in these sort of qiestionable dealings .