Banxa Holdings Inc V.BNXA

Response to auth0070

[rankininlet]

I appreciate well thought out posts.  I liked your post.  Thx.  I think the reason BNXA stock is not getting traction is unclear.  Note that BIGG rev dropped almost 2/3 for netcoin platform.  It was 1.95 million in May and dropped to 700k in June.  Per CNBC article of July 12th, the big platforms took a hit of more than 40% volume from May to June.  BNXA TTV was 127mn in May and dropped to 53mn in June.  This is 58% drop for BNXA vs 64% dip for BIGG's netcoins.  Only conclusion is that big platforms dipped less than BIGG and BNXA and BNXA dipped less than BIGG.  I hold COINBASE but watch BNXA.  Right now BNXA runway not clear to me hence cannot buy.  I would buy BNXA if purpose of 88 million raise was clear and value proposition was clear. GLTA

[FederalReserve]

Trading volume did tank in June, but that can also be Continued weekness in crypto market in June. Alot of traders were staying put as weakness continued, besides if there was trading, the dollar volume per transaction in theory would of been lowest level for 2021. I believe most cryptos bottomed in June. As for the company potentially issuing more stock for shares, is pretty common for start ups.