Apr. 3 at 3:23 PM
$BNKK Some takeaways from the 10-K that are more than a little alarming:
-The biggest is the extensive risk factors section where management seems to take no responsibility for anything that has been and could continue to go wrong with the stock price. A lot of finger pointing at external sources like how the crypto market is performing and effectively give no positive outlook to a successful investment return for shareholders
-They consider the stock to be thinly traded but offer no reasons as to why that would be
-They claim
$1.7 million in marketing costs, but your guess is as good as mine as to what that's actually being used for (though that's significantly down from
$7 million in 2024)
-Then there's the absolutely absurd
$17.7 million in general and administrative expenses, which this company is clearly operating at a deficit because of (way up from
$3.1 million in 2024). A breakdown of what exactly they could've spent that on would likely be damning.
