Nips

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@GenY_Wealth Also might be an indication that they raised a bit too much in the most recent equity raise. They might not have had as high of expectations for exchange volume picking up as quickly as it did

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One notable exception I’ve seen to this pattern has been carbon contracts. Consistent volume, with open interest regularly exceeding contract volume. Likely due to the nature of the contract being more focused on hedging, compliance etc. 4/4

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Looks like the silver $ABXX.TO contract is following a similar path to gold. Initially small uptake in volume followed by a rapid expansion in volume.

Only after this occurs can we see open interest and genuine hedging occur. We saw this with gold, the management team 1/4

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Expect similar movements in other contracts, particularly LNG. Whilst volume has been steadily climbing, I don’t think it yet has the size and consistency yet to support large price hedging activity, supported by low OI, which is to be expected for an early stage exchange. 3/4

[Nips @dollar_fifty]

@JosephTMetcalf @JoshCrumb With 6-7 quarters of cash runway with the recent equity raise, I think we need to stop focusing on the share price as much. It does hurt to see the drop but it only affects stock based compensation at this point. Instead look at expanding volumes, onboarding, new contracts etc.

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Impressive to see volumes still holding well even as it is so close to the end of the month.

I know we focus on a lot of onboarding firms and volume milestones, but holding contracts to maturity shows firms are looking for genuine price discovery.

$ABXX.TO

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@unusual_whales That’s a first lol

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@FirstSquawk Huh, maybe AI capex isn’t sustainable. ChatGPT has been around for four years and still can’t turn a profit

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People love to throw around buzzwords like “Ponzi Scheme” and “fraud” in order to scare people. Circumstantial evidence of trading volumes coinciding with Abaxx events is not proof of fraud. In addition to exaggerated cash burn stats, it’s clear that fear mongering was priority.

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The weirdest thing about the $ABXX.TO short report has to be the idea that @JoshCrumb is still buying shares. Like he knowingly sets up a Ponzi scheme with illegal trading volumes, knows the shares are worthless, and still buys more?? How does that make sense @viceroyresearch?

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$ABXX.TO Nice expansion in OI, looks like real hedging is here.