Cody Murrell

Studied Finance & Accounting at McMaster University. Proceeding cautiously with eyes open towards the Good. Spend fiat, save real money: Gold

[Joseph Metcalf @JosephTMetcalf]

Short Update from Last Month's Reports. The attached shows both the Canadian and the US OTC Markets shares sold short for @abaxx_tech. Something to Note, According to CIRO, Abaxx is the 46th most shorted stock out of 3381 companies listed here and 45.23% of traded volume was short as of the end of May. These reports were release 5/31 and 5/29 respectively. @JoshCrumb with the close of the last 67M CAD raise, Abaxx has more than 18 Months of cash on hand. Stock price is important for the cost of capital during these raises, but now that @abaxx_exchange @abaxx_labs @abaxx_spot are fully funded, share price really is not material to for at least this calendar year.

[Scotty @scotty24287]

1/ A short-seller published a report that wiped ~R9.3bn off Capitec in a single day.

A regulator later FOUND the report made false statements.

A tribunal transcript revealed the firm was being PAID to write it.

The Viceroy story. 🧵 @viceroyresearch #29ers

[Josh Crumb 🆔++ @JoshCrumb]

Anatomy of a Reverse Pump and Dump Conspiracy Vol II
(short and distort operation)

They execute their market manipulation through “clever” typos and horrendously misstated financials (that a 5th grader with AI could have caught in editing), while grasping at straws elsewhere (perhaps that’s even the point? ..keep regulators focused on the nothing burger tweet threads while the stock operation was the material financials mistakes in the report…notice how their 🗑️🔥 financials comments weren’t the main part of the Twitter story with a company funded for 6 quarters with growing [world class institutional] onboarding, products and OI).

This report doesn’t need to stand the test of time because it’s a 30min stock [manipulation] operation that works or fails on the first trading day, the short seller is already working to cover the morning of the stock manipulation (see exert from a Bloomberg article from another short and distort operation testimony below—the hedge fund and shady shell game company with the newsletter are interchangeable). ..Every pattern seen in our stock the weeks before and morning of matches the article.

We have all of the reverse pump and dump data captured for regulators, Morgan Stanley, etc.

They already failed their operation in the market IMO, but now their next task is to try and avoid ankle bracelets as all the rats start to turn on each other (this newsletter and the funds will be slippery across jurisdictions though, a big part of the operation). Had a number of great conversation around Toronto yesterday. Mr. S will have his face plastered on a wanted poster around Toronto on Monday. Many capital markets people in Toronto want to see these guys hang as well, tired of Canada’s bad reputation, but haven had the neurodivergent CEO with the global regulator relationships that we do. All information is coming to light already (especially with my key plant pulling the pieces together).

We coming

[DNI Tulsi Gabbard @DNIGabbard]

Today, I’m releasing never before seen intelligence revealing new evidence of past US government funding for more than 120 biolabs in over 30 countries, including Ukraine.

In support of President Trump‘s Executive Order to end federal funding of dangerous gain of function research around the world, and increase transparency and accountability, ODNI will continue working with partners across the Administration to identify where these labs are, what pathogens they contain, and what “research” is being conducted.

https://t.co/pLMD0krc69

[Watson @thewatsonview]

Took me about 4 hours to write. Hope I gave some justice to the misrepresentation of Abaxx in the report.

$ABXX.TO

[Sherlock @thesherlockview]

https://t.co/6nhiouZuAN

[Josh Crumb 🆔++ @JoshCrumb]

First tweet in his “short and distort” thread was debunked as lies and distortions in 2 seconds with Grok.

[Josh Crumb 🆔++ @JoshCrumb]

Builders build. Losers just attempt to destroy (and profit) through lies and distortions.

…all of the public companies I’ve been a co-founder of or involved in managment are real businesses (and loved by their clients), passionate about what they do, not “promotes”. BitGold, Mene, Base Carbon, Abaxx, all of them. Even in his own words he admits they are real businesses. And all have been profitable so far but Abaxx—as it takes a decade to build, licence and onboard a regulated global commodity clearinghouse from scratch…which is why Abaxx is the only one to have done it in well more than a decade (being a non-exec on the board of Lundin-related exploration companies is not a promote either, and obviously shows a fundamental lack of understanding in what exploration companies do, you know, where real stuff comes from, hard stuff, not just being a passive paper flipper in life).

…btw, I love how much twisting was done to try to say they were “loss makers while he has been in control”. lol. I was never CEO or “in control” of any of the [profitable] companies mentioned. Building real things is hard. Founding partnerships and investing in the future is hard, not everything always works out to the scale that one hopes (and investors know this with the pages and pages of risk disclosures in high-risk, high-reward ventures), and you can’t direct a board and company easily when you’re not CEO (btw, Bitgold, the company I co-founded that merged in Goldmoney, had ~10,000 bitcoin on its balance sheet before any other public company, starting way ahead of the curve in 2014 with bitcoin—it was not my decision to sell for a 5x gain in 2017, and if held it would have been worth over 1B at one point with like 30mm ever invested in the company….nobody “pivoted” to Bitcoin late in 2017 as this liar goes on about to twist facts into a negative narrative).

Lying and distorting on X to pump a paper position is easy. Building is hard. These people are not just spinning, leading readers to jump to the wrong conclusions without saying it, distorting facts and charts, they are actual liars, such a despicable way to make a buck.
Literally professional liars as an occupation. 🤮

[Barrett’s Privateers (Promotion Investooor) @Bprivateers69]

Just another chapter in the $ABXX saga

[MillennialWealth @GenY_Wealth]

Misinformation campaign - we bought 100k. Good luck covering. $ABXX.TO

[Eric Nuttall @ericnuttall]

A great read from Jeff Currie, inline with our view that under the status quo, oil safety buffers will be used up this Summer: https://t.co/IP2M1pRy6H

[Cody Murrell @CodyMurrell]

@MillonariosAnon @viceroyresearch ABAXX just went green on the day. Lucky i got some sub $37

[Cody Murrell @CodyMurrell]

@nobenchmark @viceroyresearch ABAXX GREEN ON THE DAY

[Live Monitor @amlivemon]

The traditional macroeconomic playbook is broken because we are looking at an entirely different economic landscape. With fiscal spending dried up and AI driving massive structural deflation, the labor market has lost its leverage, nobody is asking for a raise when they know they can be replaced by an algorithm.

While the stock market looks completely detached from reality, the real economy is facing severe demand destruction. Inflation is strangling consumers so badly that it’s actually forcing a deflationary pivot. When you combine this crushed consumer demand with the fact that Trump can neutralize the Iran geopolitical risk to stabilize energy at any moment, the Fed's next move becomes clear. They aren't going to hike rates, they are likely getting ready to cut them. @TonyNashNerd @LeoNelissen

[Watson @thewatsonview]

Couple quick comments since I don't have alot of time. $ABXX.TO

"Abaxx burns $20 - 30m per quarter at an accelerating rate." - No it doesn't. Even the filings linked shows max of $17 m. Don't think that's legal to materially misrepresent financials for financial gain.

Accuses Abaxx pivot to Digital Title - Which is also wrong as Digital title was always the end goal. Exchange was built for Digital title years ago. They were always working in parallel with more time now to finally work more on tech.

Accuses Abaxx of illegal trading activity which I don't believe to be true. Abaxx has explained how its working right now and the relationship with OI being so low.

No block trades on website is just buggy. I have seen them there myself. I think they only show today's and not historical.

The claim of the "faucet" going off aligns with events is also wrong. Trading drops off near the end of the months as traders don't want to be exposed to physical delivery. The report then refuses to align the "BS Churn" with company events. Likely because they would realize it links to end of month.

The report confuses financially settled contracts (JKM) with physically. Also doesn't expand CME's contract hasn't traded once or used anywhere. Which is strange considering they claim it to be a strong competitor.

"Its technology has been
rejected by the patent office and disowned by its own MD&A" - Abaxx holds several patents which the reports doesn't mention until like 35 pages later.

I don't think CEO posting about first strong volumes shortly after launch in their contract is crazy. Raising 3 months later when the company needs cash and running on fumes is a weak link.

Kinda funny they claim Abaxx controls a faucet but then was unable to just miss 50k? Apology was Josh thinking they would break 50k based on trading and tweeted it but end up not hitting it.

Missed milestones was because they rebuilt the exchange/clearinghouse and decided not to use a another companies tech for the clearinghouse.

They mention Abaxx continually promotes CBOE after exit but doesn't provide evidence. I haven't seen anything.

Also compares JPMorgan tokenized network to Abaxx's non tokenized T+0 as if they are similar. I think they have a strong misunderstanding and believe Abaxx T+0 uses blockchain.

All the time I have now

[Luke Gromen @LukeGromen]

Gold was the US' 2nd biggest US export in April, after crude oil.

[Eric Daugherty @EricLDaugh]

🚨 WOW! President Trump reveals the United States has been TAKING MILLIONS of barrels of oil at night during the Iran blockade

"I'm just announcing today for the first time. We've been taking MILLIONS of barrels of oil! Every night, we took out oil." 🔥

"Nobody knows about it. IRAN didn't know until right NOW! We took out 22 ships the other night, late at night with NO LIGHTS because they don't have radar, we blasted the crap out of it."

[655321 @PKsNYC]

Net/Net: this is BIG. As we saw last year, this year’s August update call (2Q26 results) will probably be the trigger for the next leg up in the $ABXX.TO story, as more details of the imminent access to Chinese, US and EU traders emerge.

ANALYSIS: The onboarding of multiple Chinese FCMs on top of the US/EU bank FCMs previously announced means that, as the onboarding flywheel gets into high gear, the increase in volumes will enter the exponential leg of “s-curve” of contract adoption. The volume breakout should be evident by late 3Q to mid 4Q, rising from the 12k/day currently onto the +100k/d by mid 2027, IMO.

We're at a fully diluted MktCap of US$1.7bn, down approximately 20% from its peak in early May, as the capital increase seems to have brought forward the latent institutional demand, combined in recent days increased short-selling (from the “$2bn market cap and no revenue” thesis). All this has been suppressing the share price, effectively subsidizing long term holders increasing their positions. This won't last long...

NEWS: @abaxx_tech’s CEO announced that their Singapore future’s exchange expects to onboard US and Chinese FCMs in 3Q26. In the case of China, he specifically mentioned 3 FCMs in the pipeline. Mizuho, the leading LNG infrastructure financer and an early backer of Abaxx’s LNG contracts, is expected to onboard by late 3Q or early 4Q 2026.

Abaxx and China: for years Abaxx shareholders were wondering how long they would need to crack into the Chinese trade flows. Their location in Singapore was to offer a geopolitically neutral bridge for the trading of the global energy transition commodities (LNG, battery metals, carbon, etc) and PMs (gold, silver) with a strategic foothold next to the world’s leading consumer and price influencer. The idea is to offer off-shore USD-denominated contracts with physical delivery to complement the massive onshore volumes traded on the SHFE. Abaxx setup offices in HK and Beijing in late 2024 and announced a partnership with the Qingdao International Energy Exchange for LNG trading in Sept 2025, creating expectations of a significant boost to traded volumes from linkages to the world’s leading markets in metals and energy. This is about to start to happen!

Abaxx and US/EU traders: So far volumes on the exchange had been limited to traders in smaller Asian markets (particularly Indian gold traders). With the onboarding of several bank FCMs, including a leading US bank FCM that services the global energy trading complex (as mentioned in the 1Q26 call), we will see Abaxx' contracts begin to be traded by the US/European investor base. These energy traders not only want access to Abaxx LNG contracts, but also to its growing roster of wind and solar contracts.

Do your own DD as this is certainly NOT investment advice!

[Watson @thewatsonview]

Abaxx’s $ABXX.TO first million in trading revenue took 159 trading days.

Then it took 35 trading days for the second million, then 24 for the third. Now today, just 17 trading days later for the 4th million!

Only a matter of time until it is measured in hours.