Holy freaking shit balls Batmanโฆ
$BNXA.v - $1.15
783,500 shares bidding @ $1.12
500 shares asking @ $1.18
Previously announced takeover bid was $1.00.
It would appear as the stock is trending like that is a deal that is so in the dust!
$2.00+ here we come!!!
$BNXA - Banxa Holdings Inc - News
Banxa Holdings To Go Private for $1.00 per share in transaction that completely screws the public shareholders.
Accusations of share price manipulation, collusion and insider trading are flying around online message boards.
Banxa is undergoing its best quarter in history. Obtaining revenues and profits at all time highs. While anticipating a major partner agreement in March.
However insiders have chosen to take company private at a price that is just 1.5x trailing 12 month gross profit.
This does not include new revenues occuring in this quarter that are potentially multiples higher than previous quarters. Which would value the company significantly higher once disclosed.
My share average is $0.60. I will make a 66.6% return from a 2-3 month hold period, but still I am irate at the total disregard for public shareholders.
It is my opinion that the stock should be taken private for at least $2.00 per share.
So what do we do now? Call regulators, Lawyers, and seek competing offers. There is a window for the transaction to close by January 31, for competing offers to be submitted.
If anyone reading this has clients in Crypto that would like to add embedded Web3 tech that is likely to be projecting $50m+ gross profit in the next twelve months or perhaps even higher. Than please reach out to me. There is a solid company here for sale, that the right tech company could really take to the next level.
Just this week Exodus Movement Inc. a crypto wallet provider was up listed to the NYSE. The revenues are nearly identical, except their valued at a whopping $1.36 BILLION USD.
Banxa was just taken private for a minuscule $46M CAD!!
I am furious!! Just look at this chart to see how egregious the manipulation was. The corp used to take the co private was established in July 2024. So there has been active suppression of the share price for the sake of go private for a while. Those dumps look like criminal insider trading activity to keep the share price suppressed for this deal!
#Crypto #Bitcoin #CryptoWallet #TSX #NYSE #Nasdaq
$BNXA the volume in the crypto market has been picking up with bullish sentiment. Banxa generates revenue by taking 2-3% from transaction volume while facilitating fiat to crypto & crypto to fiat conversions. $BNXA should have a great Q2 this spring.
$BNXA - Banxa Holdings
Share Price - $0.76 ($35M MC)
**Bold Statement**
Banxa to list on Nasdaq in 18 months or less. Here is why.
Board Appointment flys under radarโฆ
๐๐ป๐๐ป๐๐ป๐๐ป๐๐ป๐๐ป๐๐ป๐๐ป๐๐ป๐๐ป๐๐ป๐๐ป
Kaushik Sthankiya, Global Head of Banking & Payments at Kraken Digital Asset Exchange, to the Board of Directors effective March 13, 2024.
Hereโs whyโฆ๐๐ป๐๐ป๐๐ป๐๐ป๐๐ป๐๐ป๐๐ป๐๐ป๐๐ป
I find it incredibly odd that the company has not given this new board member options, nor have they disclosed his shareholdings based on what I see on Sedi. This has been done strategically to ensure no insider trading or collusion finger pointing happens when the company lands a payment processing partnership with Kraken.
Kraken has one main flaw. Despite doing $800B+ in trades per year (Pre Trump data). Kraken only provides clients with Bank Transfer Deposit and Withdrawal options.
Banxa however does supply credit card solutions globally in addition to other payment/withdrawal solutions depending on jurisdictions. This would open Krakens floodgates to new capital inflows and massive growth.
But why so much growth?! Credit Card Points, thatโs why!
If youโre a wealthy person that uses their credit card as a primary payment system. You know that that more you spend, the more kickbacks you get. Itโs a way to live your life on the status quo, while earning countless points for things like free travel, goods, and cash back.
When it comes to trading, we are all experts in one thing. Moving money from point A (Bank Account) to point B (Investments) and back to point A. By introducing credit payment to your trading strategy, youโre now going from Point C (credit) to point B (Crypto/Investments) to Point A (Banking) to Point C (Credit Payment).
Rinse and repeat this over and over and over again using high frequency trading strategies/software/AI and your return goes from amazing, to spectacular.
Additionally the credit points/cash back bonus is like insurance against your trades. Stop out your trades at 2-3% loss (typical cashback bonus) and the transaction is a wash. Essentially you canโt lose. Do this over and over and over again for a year and well you get it, you canโt lose!
Banxa management said on their earnings call this week that a โmajor partner announcementโ was coming before March.
I think the major partner agreement coming before March will be Kraken and when this happens, the stock is going to go parabolic.
Eventually I think the end game is Banxa is acquired by Kraken. But at what price? Well I think Banxa will earn Nasdaq listing and trade for a few years before we get to a fair takeout price. This time will allow those new revenues and the pathways to new jurisdictional growth to be fully consumed by the stock.
In 2-4 years this is the playbook is see evolving here. It is no coincidence that if you check Kaushikโs LinkedIn profile, that his international work experience overlaps in every way with the new markets Banxa is in pursuit of. Singapore, Japan, Malaysia, etc. These markets are a matter of when, not if.
Banxa makes 3% per transaction. Just imagine where the revenues will go when they are exposed to a platform that will likely trade more than $1Trillion in crypto in 2025 and beyond. Trading volumes that are 1000x greater than Banxaโs current trade flow.
What value will that make Banxa?! My best guessโฆ Billionsโฆ
#Crypto #Fintech #Web3 #Kraken #Bitcoin #FinTwit #Etherium
Next week $Bnxa launches platform in USA and Europe.
Excact same daily trading volumes and more revenue than $bkkt.us. Except trading for $60m market cap Canadian. Not $189m market cap USD.
Tells me $BNXA and its ties to Coinbase and Kraken deserves to go up another 300% to be of similar value to $BKKT.us!!
Over 5 million shares traded, up 55%, hit .10 today. Think of where this stock will be trading in the next 2 weeks. Your chance to get in early. $MATE.V $MATE
At Banxa, it's the people that make the difference. ๐
Our team is passionate, collaborative, and dedicated to shaping the future of finance. Together, we're bridging access to Web3 and championing crypto-driven systems. ๐ชโจ
Check out our culture video! ๐ฌ #LifeAtBanxa#Crypto #Web3