Post by
arh0070 on Nov 07, 2022 5:53pm
Bnxa
I agree with the sentiment about oil stocks.
The markets in most other stocks have been bad ,when this all ends remains to be determined.Interest rates continue to rise .
The purpose of a bulletin board is to promote discussion about the relative merits of a stock not just provide one point of view .Vancity is to immature to understand this simple fact.
Last year the auditors did not have a problem and financial reporting was timely .
So when a situation like this arises it is never good in my experience .
It is impossible to make any type of judgement about bnxa without proper financial details .The company does not need an auditor to report transactional volumes or cash in the bank.
As a result of this debacle ,management credibility is close to zero.If the stock is ever to thrive management needs to be changed and become more responsive to its shareholders.
bnxa survival will depend upon the length and severity of this bear market in Cryptos which shows no sign of ending or indeed if a bottom is in .
Personally I am glad I do not currently own bnxa and ha the foresight to get out of it with a profit .whether I will buy back into bnxa will depend upon a decision as to whether its going to be a good investement going forward and thier is an opportunity to make a profit .Can't conceive that too many bnxa investors are happy to be owning the stock right now as its dead money.
I am surprised that the money investors in New York have not instituted changes ,perhaps they are waiting until it starts trading again .Can't imagine they are too happy with this situation.
I have been an enthusiastic investor in Crytpos and Crypto stocks but am currently out apart from a little Bitcoin and a small position in Coin until I see signs that we are at the bottom of this bear market
Cash is king and oil stocks are profitable .