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Wednesday, November 16, 2011

BNX, pt. 2

BNX release earnings for Q3.  While not great, the main takeaway (and I'll post more later) was that they've got enough money to get to Q1, that's when they tend to get cash flow positive given the emphasis or their business on tax season.  So, even it they get delisted, they should be able to continue on, while holding on to their portfolio of domain names.  It appears one of their bigger holders is going to get out regardless of price, which seems to be the reason for the rapid decline over the last two days.
If you've got some mad money laying around, it looks even better at 4 cents/share, than it did a 8.


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