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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 Jan 22, 2023 2:59pm

Btc

Both BTC and Ethe have had a good run up .The Crypto bear market started 18months ago .
Another big crypto lending company (the last survivor)Genesis just declared bankrupcy so the Crypto winter effects continue.
The question is ,what now for Cryptos .
BTC and other Cryptos tend to move in conjunction with the general stock market and have an inverse relationship to gold .Both gold and the general stock market are at a critical juncture ,the 0.702 Fibonacci retracement .So what will happen to the Cryptos going forward will be determined by what happens with gold and the Dow .It should be apparent in a few weeks .
The bid on bnxa on the pink sheets has dropped related to the lack of news related to the "audit".
Strange it seems to be taking so long ,other companies like Coinbase seem to have no difficulty releasing financial information.Due to complete lack of any financial information from BNXA for coming up on 10 months (last financial info released for the March 2022 quarter) its impossible to know if BNXA is a viable entity or not .
Comment by Abedim15 on Jan 23, 2023 10:15pm
For what it's worth... a few days old https://twitter.com/domcarosa/status/1615478540119715842?s=61&t=ql5uzPDkpyvUPunEgd2pBw
Comment by arh0070 on Jan 24, 2023 11:02am
Interesting.I guess its good he responded to a question about the audit progress.It certainly is convenient that the "audit"is taking so long .It avoids them having to release news which might potentially be bad . Retail shareholders who bought thier shares on the Canadian exchange have no ability to buy or sell ,ie thier money is locked up. 100 shares of bnxa crossed this morning on the ...more  
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