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Yes that is correct..I got in 6 weeks ago on the Canadian venture exchange..
Yes and a long way to go yet once word gets out.... revenues are growing nicely..
Hello DaverZ.. i am also from Canada (Alberta).. Banxa trades on the TSX venture exchange in Canada so no need to convert.. Welcome and good luck..
The next Multi Multi Bagger
Forget Hive Blockchain (TSX:HIVE) Stock: Here’s a Better Opportunity
Vishesh Raisinghani | March 9, 2021 | More on: BNXA HIVE
Diagonal chain made of zeros and ones. Cryptocurrency and mining.Image source: Getty Images
Bitcoin mining startup HIVE Blockchain Technologies (TSX:HIVE) has had an incredible run over the past year. The stock is up a jaw-dropping 2,116% over the past year. That means you could have invested $10,000 in the stock when the crisis erupted last March and have $211,600 right now.
The stunning growth in Bitcoin adoption has been the prime driver of HIVE stock over the past year. However, the stock is now starting to look like it’s priced to perfection. Meanwhile, a much better opportunity may have emerged in the Bitcoin sector that could deliver similar returns over the next year.
If you’re curious about the cryptocurrency sector and are looking for hyper-growth opportunities, here’s what you should know.
HIVE stock valuation
HIVE stock is considered a proxy for Bitcoin by most investors. The company owns and operates massive server farms that mine BTC. Some of this freshly minted BTC is sold to finance operational growth while the rest is held in reserve. HIVE stock is to Bitcoin what a gold miner’s stock is to gold.
However, the miner’s stock has outperformed the underlying asset, which is never a good sign. Bitcoin’s market value has surged 560% over the past year, far lower than HIVE stock’s performance over the same period. The company is now worth $2 billion, while its underlying BTC reserves are worth only $15 million.
Annualized revenue from mining could be roughly $54-$100 million this year. That means the company’s valuation ranges from 10 to 20 times forward sales and 133 times crypto reserves.
In short, the price is simply unjustified. Bitcoin could deliver a tenfold return by the end of 2021 and HIVE stock would still be overvalued. Instead, Canadian investors can invest in a crypto stock that’s arguably better valued.
Banxa stock
Australia-based Banxa Holdings (TSXV:BNXA) is a crypto payment processor. The company allows users to convert their traditional currencies (Canadian dollars, U.S. dollars, etc.) into crypto (BTC, ETH, etc.).
Banxa is arguably a better opportunity than HIVE stock for two reasons: valuation and business model.
Payment processing is a low-margin, high-volume, capital-light business. Stocks in this industry have had a tremendous run over the past year. As consumers spend more over the next year, their transaction volume should surge. In Banxa’s case, total transaction volume is amplified by the market value of cryptocurrencies.
Meanwhile, financial regulations act as barriers to entry. Banxa seems to be the dominant payment processor for crypto in Australia and Canada. It’s gaining momentum in other countries too. That puts it in a favourable position as adoption grows.
Finally, Banxa’s market value is just $150 million at the time of writing. That’s doubled since late January. The stock is trading at a price-to-sales ratio of just 10. Not only is that reasonable when compared to other payment stocks, but it’s also much fairer than HIVE stock.
Bottom line
HIVE stock is overvalued and newly listed Banxa Holdings could be a better opportunity for Bitcoin investors.
Looking for
Great growth numbers for Febuary..
BANXA Total Transaction Value (TTV) up 980% PCP for February 2021
V.BNXA | 2 hours ago
Canada NewsWire
TORONTO and MELBOURNE , March 8, 2021 /CNW/ - BANXA (TSXV: BNXA) (FSE: AC00) (OTCQX: BNXAF) ("BANXA" or "Company") a Payment Service Provider (PSP) for the digital asset industry announced Total Transaction Value (TTV) for February 2021 of CAD $70.4M (AUD$71.5M). This result is up over 980% from Feb 2020 based on the Previous Corresponding Period (PCP). [Management Prepared].
BANXA Holdings Inc. Logo (CNW Group/Banxa Holding Inc)
This follows the January 2021 reported TTV of CAD $55M , bringing the combined TTV for Jan/ Feb 2021 to CAD $125M , which means the company has exceeded the December 2020 quarter TTV of $111M with a month still to go.
Holger Arians, CEO of BANXA said, "Since our launch in 2014, Banxa has grown from strength to strength. The recent dip in the bitcoin market has left our order volume unaffected, and our market share continues to increase. As the company expands, our aim is to build our systems and teams for scale. While we anticipated rapid growth, current market conditions are having us revise our projections as we continue to exceed our own forecasts. We look forward to 2021 and the unveiling of new products and offerings to better serve our customers and partners."
Banxa provides its clients safe, compliant access to the digital assets market, Banxa partners include major exchanges and wallets including Binance, OKEx, Huobi, Edge and Kucoin. Unlike its competitors, Banxa actively pursues regulation and licensing in the markets that it enters, with the aim of providing more options and services for its global customer base.
ON BEHALF OF THE BOARD OF DIRECTORS
Per: "DOMENIC CAROSA"
Domenic Carosa
Chairman (+1-888-218-6863)
About BANXA
BANXA (TSX-V:BNXA - Banxa Holdings Inc.) is a Payment Service Provider (PSP) with a mission to build the bridge between traditional financial systems, regulation and the digital asset space. Our goal is to onboard the general public to digital currency by building a fully compliant payment infrastructure that enables simple and secure conversion of fiat currency to digital currency. (USD/CAD to BTC/ETH) Banxa has offices in Australia and the Netherlands . For further information go to www.banxa.com
This news release may contain "forward-looking statements" within the meaning of applicable Canadian securities laws. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties, and contingencies. These statements generally can be identified by the use of forward-looking words such as "may", "should", "will", "could", "intend", "estimate", "plan", "anticipate", "expect", "believe" or "continue", or the negative thereof or similar variations. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause future results, performance or achievements to be materially different from the estimated future results, performance or achievements expressed or implied by those forward-looking statements and the forward-looking statements are not guarantees of future performance. BANXA's statements expressed or implied by these forward-looking statements are subject to a number of risks, uncertainties, and conditions, many of which are outside of BANXA's control, and undue reliance should not be placed on such statements. Forward-looking statements are qualified in their entirety by the inherent risks and uncertainties of the Company's business, including: BANXA's assumptions in making forward-looking statements may prove to be incorrect; adverse market conditions, including risks related to COVID-19 and risks that future results may vary from historical results. Except as required by securities law, BANXA does not assume any obligation to update or revise any forward-looking statements, whether as a result of new information, events or otherwise.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For Further Information, see www.banxa.com
SOURCE Banxa Holding Inc
Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/March2021/08/c6618.html
Canada Newswire
March 8, 2021 - 6:00 AM PST
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ASSET-MANAGEMENT FINANCIAL SERVICES
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Banxa The next Lightspeed....
his Stock Could Be the Lightspeed POS (TSX:LSPD) of Bitcoin
Vishesh Raisinghani | March 7, 2021 | More on: LSPD LSPD BNXA
Big Bitcoin logo.Image source: Getty Images
Lightspeed POS (TSX:LSPD)(NYSE:LSPD) has probably been one of the best-performing Canadian tech stocks of the past year. The stock price has climbed a jaw-dropping 600% since last March. Investors remain bullish about the company’s prospects.
However, a tiny, little-known company could be the Lightspeed equivalent of the cryptocurrency world. Here’s a closer look at a stock that should probably be on every Canadian growth investor’s radar.
Lightspeed for crypto
British Columbia-based startup Banxa Inc. (TSXV:BXNA) recently listed on the Venture Exchange. The company provides a simple payment system that serves as a bridge between traditional fiat currencies and cryptocurrencies. Essentially, it allows users to pay for BTC or ETH in USD, CAD or any one of their local currencies.
According to the company, a simple five-minute process allows any crypto business to integrate the payment platform onto their website and convert fiat currencies to crypto. Banxa manages the Know-Your-Customer (KYC) procedures and accepts payments via Mastercard, Visa, Apple Pay, Interac E-Transfer and POLi.
Essentially, Banxa the Lightspeed equivalent of the digital assets world. The ability to use regular bank accounts and payment methods to buy BTC or ETH solves a critical bottleneck for billions of potential users. This easy-to-use platform that already complies with financial regulations in major economies could be the key to higher crypto adoption.
Banxa’s outlook
Crypto adoption is growing rapidly and Banxa’s Business to Business (B2B) product already reaches over 1.2 million users. As the industry matures and flagship cryptocurrencies such as Bitcoin become more widely accepted, Banxa’s services could become more essential.
The company processed $195 million in transaction volume over a six-month period ending in December 2020 — up 780% from the same period in the previous year. Annual revenue could be around $15 million by the end of the year. Banxa also reported $12.8 million in cash and current assets, along with 136 Bitcoins (worth $8.2 million) in inventory at the end of 2020.
Banxa’s market capitalization currently stands at $107 million. Meanwhile, Lightspeed POS is worth $11 billion. Considering the above numbers, Banxa stock is trading at a price-to-sales ratio of 6.7 and a price-to-cash ratio of 7.8. That’s unbelievably low for a tech stock with triple-digit growth at the cutting-edge of financial innovation.
If crypto payments and investments capture even a fraction of traditional fiat e-commerce and trading activity, Banxa stock could be a potential multibagger.
Bottom line
Recently listed crypto payments startup Banxa could be the Lightspeed POS for digital assets. The easy-to-use platform allows users to verify their identity and convert USD or CAD into BTC or ETH quickly. This on-ramp solves a critical bottleneck in the crypto industry and could lead to higher adoption.
Banxa stock is trading at a fairly reasonable valuation, especially when you consider its triple-digit growth over the past year. This could be a better bet than Bitcoin miners or crypto ETFs. Keep an eye on it.
Looking for another intense growth stock? Here's a pick.
Should you invest $1,000 in Hive Blockchain right now?
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Fool contributor Vishesh Raisinghani has no position in any o
Banxa is and will be one of the best ways to play crpto. Already good revenues and growing at a parabolic rate..
Your welcome... This is the first time i have ever seen a company still putting out sedar releases this long after being delisted !!! Any thoughts on this ??? Still referring to its investors as shareholders...
331 Woodcrest Drive
Surrey, BC, V4P 1W4
N E W S R E L E A S E
Supreme Court of Chile Recognizes Jorge Lopehandia
May 9, 2017 - Mountainstar Gold Inc. (“the Company” or “Mountainstar”) announces that the British Columbia
Securities Commission (“BCSC”) regulators and Barrick Gold executives are called to the Chilean Tribunals
regarding damages to Jorge R. Lopehandia.
Mountainstar is pleased to inform its shareholders, and the public, that Juan Guillermo Torres Fuentealba, lawyer,
and Jorge R. Lopehandia were successful in the legal action initiated at the 5th Civil Court of Santiago under case
rule #29407-2016. They proved that damages occurred against Mr. Lopehandia regarding his Mina Pascua area
assets from 1996 to present.
Additionally, Mr. Torres was successful proving to the court the negligence of the regulators in regards to the Silver
Wheaton (SLW) and Barrick Gold Corporation (ABX) silver sold forward deal transacted in 2009. This transaction
involved wrongdoing by the BCSC and the Toronto Stock Exchange regulators.
In the matter of damages to Mr. Lopehandia, the court decided that the appearance of any and all parties from the
BCSC, TSX, Barrick Gold Corporation, and others to be added, will be determined by Mr. Lopehandia.
On April 21, 2017, the 5th Civil Court of Santiago under case role 29407-2016 served the Supreme Court of Chile a
request to issue the first subpoenas. The first witnesses called by Mr. Lopehandia indicate that their service should
take place at the address of the BCSC at 701 West Georgia Street in Vancouver. Once served, under terms of the
order, the parties must report to the Chilean Tribunals within 38 days.
On May 2, 2017, the President of the Supreme Court of Chile acknowledged the request and provided for due
process immediately.
The Supreme Court of Chile will request the Supreme Court of Canada to serve the subpoenas and confirm that
service has been activated.
On December 21, 2011, Barrick Gold Corporation of Canada published a libelous statement against Mountain-West
Resources Inc. (now Mountainstar Gold Inc.) and our partner, Mr. Jorge Lopehandia. As of May 2, 2017, it has
been validated by the President of the Supreme Court of Chile (top judge), that Mr. Lopehandia will choose the
witnesses to be subpoenaed. There are allegations against the TSX, BCSC, IIROC, Silver Wheaton and, of course,
Barrick Gold Corporation.
This decision is NOT appealable.
On behalf of the Board of Directors,
“Brent Johnson”
Brent Johnson
President & CEO
For further information, please contact Mr. Steve Holt, Director of Mountainstar Gold Inc. at steveholt@telus.net.
The Investment Industry Regulatory
Good Question.. i do not know what the precedent is for companies coming back from a delisting.. if JL wins is there a case for msx to file a claim against barrick and the bsc ???
This has to be the best delisted stock ever... 21 posts so far today and the day isn't done yet..
Confucius says
It does not matter how slowly you go so long as you do not stop..
so for at least 11 more days things will be moving along as planned...
Latest news
MOUNTAINSTAR GOLD INC.
13331 Woodcrest Drive
Surrey, BC, V4P 1W4
N E W S R E L E A S E
Chilean Courts Overrule the BCSC’s, the TSX’s and
Barrick’s Representations on the Pascua Lama Pyramid
August 26, 2016 - Mountainstar Gold Inc. (MSX-CSE) (“the Company”) is pleased to inform
the public of the latest 14th Civil Court of Santiago decision in the matters of civil trial and
Injunction C1912-2001. Please visit www.sedar.com to view the court documents.
The Court has rejected the latest application made by Gonzalo Nieto Valdez on behalf of
Barrick’s Chile subsidiary, Minera Nevada SpA. In September 2015, Nieto Valdez requested the
lifting of Civil Injunction C1912-2001 based on the legal position held by the TSX, Barrick and
the BCSC. Their position is that Jorge R. Lopehandia has nothing to do with the civil trial and
Injunction C1912-2001 or the Pascua Lama (Villar) trial.
The binding decision issued by the 14th Civil Court destroys the legal position of the TSX, the
BCSC and Barrick Gold taken against the Company and Lopehandia. This court decision orders
Barrick to confront Lopehandia in the Court of Appeals to own up to a Supreme Court of Chile
fraud that is taking place today. At Trial C1912-2001, Barrick claimed under oath that “they did
not know Hector Unda Llanos.” At Trial 23178-2014, Barrick was found to be the employer of
Hector Unda Llanos since 1995. The same lawyer and defendant Hector Unda Llanos swore this
in the two trials.
The British Columbia Securities Commission’s reason to keep Mountainstar cease traded no
longer exists following this decision. This decision legally validates the Company’s position
against the BCSC.
It is now time for this corrupt commission (the BCSC) and its co-conspirators to be held to task.
This process is moving forward expeditiously under the rules, regulations and guidelines of the
Canada-Chile Free Trade Agreement.
On behalf of the Board of Directors,
“Brent Johnson”
Brent Johnson
President & CEO
CSE issues suspension effective market close today .
2016-0612 - Suspension - Mountainstar Gold Inc. (MSX)
June 22, 2016
Mountainstar Gold Inc. is in default of CSE requirements. Effective at market close, Mountainstar, currently the subject of a Cease Trade Order, will be suspended pursuant to CSE Policy 3. The suspension is considered a Regulatory Halt as defined in National Instrument 23-101 Trading Rules.
Date: Effective market close, June 22, 2016
Symbol: MSX
If you have any questions or require further information, or to be removed from the mailing list please contact Listings at (416) 367-7340 or E-mail: Listings@thecse.com
I don't know Quer..Never in all my Days have i have seen a company haulted for this amount of time without being delisted...it gust doesn't add up...
Good to hear from you goldfork as well as some of the other recent postings from some of the original stalwarts of this board such as eclipse70,Jafffo,Heapoleach,Dazoff,the big poobah and others.. Hopefully this is a harbinger of what is coming and what is due..
All the power to you ykr.. let's put a fork into this pig once and for all..it just seems that we are lingering a lot longer than is explicable..
Well if that's the case i guess it's time to move along...nothing to see here but the buzzards picking over the bones... But here you are still lingering as if nowhere to go..
Yes i agree still hopefull..i had forgotten about all these other posters..
I would be very interested to hear a response from Eclipse70,goldfork or westcoast as to what are their thoughts on the latest MSX news releases...
She's still alive and kicking
News Releases
18/04/2016
Lopehandia Wins Judicial Order
12/04/2016
Update re Chilean Civil Court Proceedings
Hhhmmm I think the bigger question here should be not why are we still halted but why has this company not been delisted ????? it's just that sometimes it seems a little bit odd that such an enigmatic and absurd company such as this remains to be a publicly listed company ???????
It's halted pending news this time not for regulatory deficantcies as usual.. i wonder what the big news could be ???
Stockhouse . . I wonder why the stockhouse bullboard for MWR has vanished ???? The plot thickens..
Can you imagine if we actually brought these people court..
. Last week the court has ruled that Mr. Lopehandia can proceed with subpoenas calling to testify persons such as Ricardo Lagos Escobar, Brian Mulroney, Peter Munk, Patrick Garver, Randall Oliphant and others.
.No comments here or any other coverage in the press ?? oh well i guess we have just become jaded to blockbuster press releases.
Was Jorge at the meeting??? 35 people were there..please throw us minions a bone..
Yes,lets put this pig to bed for ounce and for all... we have all heard enough of the soons,big news this week,this is the month,this is our year,Fu*k i am wondering if it will be in this millennium.. i have a considerable ( and not more than i was prepared ) to lose on this play,but i would be willing to wager it all at a one in one hundred chance of winning if i could have the answer on Monday....Ohh and i mean this Monday..
Not to mention 600 million ounces of silver....
golddude,you are just kidding right?
I hope so Dazoff... Any thoughts on what msx's pr will say to resume trading ??
We are truly a ship of fools Quer..
Good post YKR. A fitting 1000th post.thanks for responding to my post.you have way to many posts for me to read through to find your true motivation,but that's fine as you are truly passionate in your conviction here... I respect that.I am curious about your statement " Not THIS TIME! BJ and JL will pay for all their lies...you can take that to the bank". can you elaborate on that here on this public forum,if not i understand..
OK YKR so it looks like you may finally get that "i told you all so" day.. Your right and all the ex pumpers here have been routed...Do tell? What is your story? Why are you here?Are you a benevolent patriarch looking out for the common good, or are you like an old Crow picking over the remains of the carrion? Do tell,your time of vindication may soon be here..Did you invest more than you should have?Or are you just here to save us?We are all grown men and women here and fully take responsibility for our decision to invest here regardless of the outcome... After all its only money.A conclusion to this story is coming soon,so we will see who was right and who was mislead.. It is with absolutely no animosity towards you at all that i ask,What is your motivation here?why do you keep coming back??
Tibby we are only eleven minutes till show time.. will it be a mystery? a tragedy? or more than likely a comedy as if nothing else we have all had a good laugh here..
Yes Quer i have to agree, its to bad our symbol wasn't THC so we could catch the latest market hype..
The guy who will eventually make all us longs a lot of money will definitely not be posting on this board.
Nothing to see here Kid..Move along..
Financials im sure we have all read the latest filing on sedar.. 1.2 mill in debt with 7k ( in trust ) if this company survives it truly will be a miracle and a testament to our faith as investors in management over coming all odds and delivering the goods.. the chances of this company bringing a project like juno to fruition are slim to nill as the market conditions for marginal and even mega gold projects is brutal,not to mention they have no such skills whatsoever...we have one hope and one hope only and thats in chile..we will all find out soon enough and in short order what our management true colors are...whether we have been conned or not...and as far as dissident shareholders thinking they are going to overturn management i think you are dreaming because at that point this company is worthless with a 1.2 mill deficit...
Quer i think it is exactly in proportion to our agreement with JL.. 50 / 50...lol
OFFS its not our MM that's driving our share price down or short position's or market manipulators trying to keep us down..look at our average daily trading volume.. when we were still trading i could have put a market order sell order in and drove this stock to zero but i did not,just like the majority of the speculators here i am waiting to see if this lottery ticket pays off...win or lose i will accept my decision to invest here..i just hope u did not invest your life savings in this and if u did i truly hope this goes to the moon...