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Banxa Holdings Inc. (BNXA.V)

TSXV - TSXV Real Time Price. Currency in CAD
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0.6900+0.0100 (+1.47%)
At close: 03:59PM EDT

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  • S
    Spacey
    The waters in the stock market are going to get more choppy. The bond market is crashing, and we’re likely in for a recession (one they admit to being here) and higher unemployment.

    These are macro factors outside the control of Banxa, and I hope the October results show that the fiscal restraint and cost cutting improved things for Banxa.
  • I
    Ian
    I have some really good memories of this company. I bought 1K of their shares for 2.80 in early 2021 thinking that if they'd made it the price would easily jump to 28 or more. I saw my investment growing from $2.8K to almost $6K and that's where I should had called it quits. Instead I held it until the price went down to $2.55, the threshold I set before I purchased the shares, before getting rid of it. I lost 250 loonies, but I think I learned a good lesson out of it.
  • M
    Matthew
    I must confess I did not expect this to fall that fast while putting its assets on sale. The share price, at this point, is less than 7% of its peak. 92% fall. Wow.
  • C
    ChumpOnWallStreet
    Banxa is starting to sell everything just to keep the company alive. How is nobody seeing this company failing right before your eyes.. 60s this week.
  • C
    ChumpOnWallStreet
    Nobody is buying anymore, just a couple people desperately trying to keep the price up with a couple hundred bucks. Now only about 10k in sells orders will send banxa into the 50s. It's really hard to say where this stops, it seems that banxas services are becoming less relevant as time goes on.

    With the desperate sale of banxas assets starting to go up and massive staff cuts its clear that this business it in survival node
  • A
    Andrew
    I bought more today.
  • b
    bilal
    80's is next 👌
  • Z
    Zeus
    (Copied from Dom's Twitter)....

    Had a fun interview at the Assets Show.....

    Talked about all things Banxa and the recent sale of the premium non-core domain.....

    https://youtu.be/-MpwEMl59CQ
  • m
    moving_upslowly
    Holding and buying more
  • M
    Matt
    Makes sense to sell assets that aren't generating income. How many times have you heard them report on income from those domains? Never. They had identified the UK as the second largest crypto market and and they own Bitcoin.co.uk! You can't get a more premium domain than that and Bitcoin.ca! If you want to buy crypto assets right now do you go to a lightly developed and parked domain? No. Most people go to their exchange. Perfect items to sell to raise cash instead of diluting shares. And they've said more than once over time they are averse to dilution, which is why for example they started the just-in-time transaction settlement loans repaid in 48 hrs.
  • C
    ChumpOnWallStreet
    So 60s next week? Or is desperation going to keep buying a couple grand worth of shares just to make it look this this is staying in the 70s 80s. The heaviest pressure is selling downwards. Anytime someone puts up a bigger bid it gets filled then Td or BMO account holders buy a pitiful 1 grand ask to prop it up artificially.

    This is going to end in the .50s. Soon
  • C
    ChumpOnWallStreet
    Welcome to the 60s, 50s next
  • T
    Thomas
    So Banxa just sold one of it's premium non-core domain names for $3 million which is like 10% of its market cap. They have about a dozen or so similar premium domain names. Looks like their domain names alone are potentially worth more than its market cap.
  • C
    ChumpOnWallStreet
    Bitcoin looking great. Like I was saying soon as it hit 18k it would rebound due to hashrate difficulty implementing a cost ratio for miners. Miners only really control about 2% of present market fluctuations but it also affects overall sediment.

    Now let's get to Banxa. This dog is struggling to hold the .80 mark. Extremely low liquidity is going to send this into then 70s this week again unless some sort of big news comes out. Institutions and professional investors who can actually move the needle on this stock are waiting for the price to come back down to reality. .56 is the bottom, when it hits, everyone just shut up and say sorry. Don't try and talk BS just admit when you're wrong.
  • C
    ChumpOnWallStreet
    60s this week, if people are willing to buy in the low 70s take it.
  • M
    Matthew
    Having invested in other projects, it is still strangely interesting for me to watch how this one is totally unresponsive to market moves in terms of SP. I honestly (though maybe mistakenly) think a rather big wave up is coming in cryptos, with leading miners and exchanges going to at least triple within the next few months, and I believe that this one is going to double at the very best (likely not even that). Why is this one so anemic? That's the question. Is this just a random market effect, or do retail guys read around and cling to facts they trust? Given the total lack of interest for this kind of purely mediating, license-providing business from institutions, it feels educational to trace its success/failure.
  • b
    boris
    I reckon with a delisting, just before the ruins, why give away your best domains
  • A
    Andrew
    Good news today, we didn’t need those domains. Looking forward to see how much they get for the rest of the premium domains, this is a good idea considering Banxa is focused elsewhere and those domains seem to be worth a pretty penny. Almost 10% of the Market cap in cash raised so far.
  • M
    Matthew
    I am honestly glad I have not invested in this one (though I definitely entertained the possibility -- see my previous posts here from a month or so ago). I might be wrong, of course (and we all definitely are wrong in the long run, as my school science teacher used to say). I must say that this board does reflect the overall investor sentiment. BAD sentiment.
  • M
    Matt
    Interview with Domenic. Highlights: building US team and regulatory licenses for transactions and asset custody in US. Continue to sign new international partners. US is biggest crypto market followed by UK. Some partners now signing up interested in making offerings in US. https://www.youtube.com/watch?v=Scr0aTccuMU