TSXV:BNXA - Post Discussion
Post by
Vancity1 on Feb 27, 2024 7:43pm
Beneficiaries of Banxa.
In my opinion, it looks like the only benieficiaries of Banxa will be the insiders who are getting pay cheques and the insiders who are getting predatory premiums on loans to the company and arms length companies that have loaned Banxa money at 25% apr. Also have to include the foreign exchange company that Banxa deals with that somehow Banxa losses millions of dollars for years and years now on this foreign exchange.
it would be worth an investigation into who owns the foreign exchange company that Banxa deals with and writes down millions of dollars in losses every year... If my suspicion is correct that company is an arms length to Banxa and its insiders ex or present like Dom.
This company stock will never make its retail investors money. The company will continue to dilute to fund its loans from insiders and currency exchange loses and insider pay cheques.
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