Post by
arh0070 on Aug 26, 2021 10:14am
Cryptos
Everything is at a pivotal moment with Bitcoin being at the 0.702 retracement .If this barrier is not broken in the next few weeks its down we go .If it gets through it we can anticipate a huge upswing in all Cryptos in the fall,by extension BNXA will follow along with the others .One hopeful sign is that Cardano(one of the top Cryptos) has gone above its all time high and hopefully will prove to be a market leader.All the pumping over the last 6 months which resulted in a large stock price rise has now dissipated with BNXA share price pretty much unchanged from 6 months ago.
Market conditions for bnxa are poor so can't imagine they would try and raise money from stock sales in this environment .They need to survive off the money they have in reserve and have as low a cash burn rate as possible,that will mean they will need to be frugal and likely postpone any Nasdaq listing until market conditions improve .