Banxa Holdings Inc V.BNXA

bnxa

[arh0070]

Bnxa CFO gone per the news release.
Interviewing for new one.
NO timeline given for completion of audit,impossible to say when/if trading will resume.
Severe Crpto bear market continues with BTC down below 17 k with significant contagion occuring related to FTX.
BNXA is like a stock market brokerage company but in the complex Crypto world ,it is dependent on the health of the Crypto markets which are in a severe bear market which is getting worse..
The question is ,which is the most important one for any Crpto company and specifically bnxa is ,how long will the crypto bear market last,how low will the total market Crpto market go .For BNXA in terms of survivability ,what is the monthly cash burn rate and how long will it's reserves last ???
I don't have an answer but historically Crypto market cycles are 4 years ,this bear market began May 2021 ,so currently about 18 months ,so it's likely it has further time to go and lower still unfortunately.

[BigBangOrigins]

I'm going to be blunt here, but it's tough to follow your incoherent thoughts.  It is quite obvious you don't do your homework because time and time again you have asked questions about banxa that management has provided. For example, management has stated their runway is 12+ months based on current TTV runrate, which you can easily deduce that the monthly burn is about $1M AUD

[Abedim15]

Just finished listening to the webinar. I'm biased because I've been in this from the start and even though I'm obviously under water I'm feeling okay. They must resolve their late filing issues and it can't happen again, period.  that aside, the bullshit meter didn't pick up too much. it's hard not to think that this has incredible potential. If they can

[Urbani]

Well at least it is not trading ! let's hope we can move on from this. Crypto space not looking too good in last few days

[arh0070]

Correct,contagion in Crypto world is spreading. This is all fallout from the FTX debacle. BTC/ETHE down 20-30% in a week. Block FI is limiting withdrawals. The question for all Crpto stocks/cryptos ,is this the bottom of the bear market or not ,if not how long will it continue.Generally in past Crypto bear markets btc/ethe correct down 85% .Ethe at its peak was 4600 currently around 1200 so about