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Bullboard - Stock Discussion Forum 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... see more

TSXV:BNXA - Post Discussion

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Post by arh0070 on Aug 09, 2021 9:03am

Bnxa

Personally I wish bnxa well.I just wish (a sentiment I have expressed before) they would be more upfront with thier investors ,especially the small retail investors who believe (or not)in the company .It just drives me crazy when companies are operated for the benefit of the insiders .
Since the Crypto market is recovering ,which will likely continue over in the fall.BNXA should benefit from this one would think .
What also drives me crazy is companies employing (directly or indirectly) pumpers on bulletin boards ,it happens frequently .Whether is has happened here or not is hard to know .
I am aware of CEOs of small (often mining)companies posting under assumed names,often stock brokers who have a vested interest in a particular company  do the same thing.
Again whether it has happened here or not I dont know ,if one goes back to when the stock was being pumped ,which helped sell the share offering one has to be very suspicious ,that is why I use my negative BB posting indicator,this helps me from avoiding big losses and helps to buy low and sell high though it is not foolproof.
I dont own Coinbase but do own a little BNXA and Vygr .Coinbase ipo came out right at the peak of the Crypto market .Just amazing timing .
Comment by FederalReserve on Aug 09, 2021 10:31am
I hear you *arh0070* that's why is take these websites & boards with a grain of salt. The most important news for Banxa stock is when they release July's volume stats. I expect it to be released pretty soon. Volume must rise significantly from June's bust. That should prove to the investment community Banxa is on track
Comment by FederalReserve on Aug 09, 2021 10:50am
But atleast volume is up today, along with the share price... Good sign.
Comment by FederalReserve on Aug 09, 2021 1:44pm
I like to see more volume 150,000 is not what I had in mind. Let's see what happens by 4.. I like to see more then double Fridays volume, at the bare minimum by 4pm, 300,000 + shares on a positive day
Comment by FederalReserve on Aug 09, 2021 3:02pm
They issued shares in March & April for about $4 and $25mil raise. I hope they didnt burn through that already? The head count now stands at 100 compared to 25 then, not sure why on aug6 they anouced to potentially sell up to $88mil more, if needed??? Odd number $88mil. Why not $80.or $100? Are they trying to buy someone out in stock??? I read some of the previous posters and trying to make a ...more  
Comment by FederalReserve on Aug 09, 2021 3:15pm
I should of bought (hive) stock, I have a bad feeling about banxa. Stock is dead until we truly find out the real agenda with Aug 6 news, and the stock is really dead if trade volumes don't pick up the pace for July. That's 2 strikes, this is becoming more of a gamble. I might have to dump and see with July's trade volume a wait a bit to see how they act with Aug 6 news. There's ...more  
Comment by FederalReserve on Aug 09, 2021 3:21pm
Timing of Aug 6 news bugs me... Couldn't they wait and release July's volume details first? Why release this first ? Or are they going to.do.something crazy first to compensate for disappointing July's volume to.offset the blow??? I don't know. Any thoughts???
Comment by FederalReserve on Aug 09, 2021 3:31pm
Maybe I'm overreacting? I bought something that I truly didn't understand. This board is pretty dead. ??
Comment by Urbani on Aug 10, 2021 3:58pm
Not sure what the intect is on the financing part... I thought a posion pill perhaps... but company needs to note what that is.... Last report was that BNXA had $25 million cash on hand, which included the $15 million $4.00 a share private placement. So, do not know why BNXA even did the private placement But like VYGR who did cheap finacning at $7.00 per share for $58 Million, BNXA probably ...more  
Comment by PennyWise416 on Aug 11, 2021 12:01am
It's August and quiet. What do you need to know? Company is new to the market, at its proverbial bottom, deals with money via crypto, is global and expanding, low float. On paper and in theory this is the stock to own. We could be wrong, but the evidence says we're golden.
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