Riga, Latvia
Joined January 2016
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Pauls Miklasevics retweeted
There’s been a lot of talk about the short interest on $ABXX.to $ABXXF
Let’s talk about it.
Float: 39M shares
Short: 2.6M shares
Short interest: 6.7%
Not crazy. But this is the short interest on total float. Let’s look at the actual buyable float in reality.
Strategic including CEO: 4.4M
Institutions:5.26M
The autists @ ceoDotCa 3.9M shares. Estimated
Robert Friedland: 2.66M estimated
So of the 39M shares, 16.22 are spoken for. This is just what is public information. We know all public offerings were multiple times over subscribed with large investors seeking shares. How many of these shares are effectively locked up forever with large family offices below the reporting threshold?
That leaves a realistic float of 22.78M shares. So short interest is more like 11.4%(2.6/22.78). Average daily volume is 223k. So 11.6 trading days to cover if you bought every share. 20% of that typical volume is short sale volume so the situation is measurably worse.
On top of this there is an NCIB open with 400k shares so if management deems the price doesn’t reflect the current corporate reality they can start buying back and destroying shares to shrink the float even further.
Congrats. You’re short a company that is effectively doubling exchange volume every quarter, in a high margin tech company with multiple new revenue pathways at basically zero additional cost.
Pauls Miklasevics retweeted
Thank you @robert_ivanhoe, the @Uber analogy is an excellent description of what @abaxx_tech is/has building/built. Almost everyone sees a competing exchange with a few innovative products, built to compete against the existing incumbents in a similar way. That description couldn’t be farthest from the truth. @abaxx_exchange @abaxx_spot @abaxx_labs have rethought the entire market infrastructure plumbing, from how information flows, (who sees it, how it is transferred, how it is cryptographically stamped) to how the collateral moves, (what margin can be taken, when can it move, how quickly can it move, who has direct claim on it) to what commodities are delivered, in what size and form and in what locations. 1 of 1 business hiding in plain sight. @JoshCrumb
Congratulations to @JoshCrumb and the team at Abaxx on this milestone.
@Abaxx is disrupting the plumbing of commodity markets. Traditional commodity exchanges are like taxi ranks: They provide a place for buyers and sellers to meet.
Abaxx, like @Uber, will own and manage the whole journey, completely redesigning how commodity markets are priced, traded, settled and ultimately financed.
Pauls Miklasevics retweeted
Congratulations to @JoshCrumb and the team at Abaxx on this milestone.
@Abaxx is disrupting the plumbing of commodity markets. Traditional commodity exchanges are like taxi ranks: They provide a place for buyers and sellers to meet.
Abaxx, like @Uber, will own and manage the whole journey, completely redesigning how commodity markets are priced, traded, settled and ultimately financed.
Pauls Miklasevics retweeted
First $_1mm exchange trading fee month at @abaxx_exchange (and May has less days than April, so strong MoM, QoQ, HoH growth continues). With more onboarding, more regions, longer trading hours, more products to come—we should keep hitting the high HoH growth metrics for many halves to come.
Huge operating leverage, low dilution growth, best segment (physical commodities), whitin the best sector (commodity derivatives), within the best business (exchange derivatives), within the most highly valued financial services (exchanges) in all of finance.
#29ers $ABXX.TO
Reminder, this has never been done before in global markets:
Greenfield global commodity clearinghouse (first in decades), full slate of new physical-futures contracts, designed and built by our team in-house with commercial clients (not just the banks), can’t be traded anywhere else, volumes building across the board with more connectivity incoming…and 🔜 the world’s only “tradfi t+0” collateral system with MarketOS to be ready for gold & money market clearing later in the year (subject to meeting all regulatory).
#LNG #Gold #Lithium #Silver #Carbon #Renewables
Still pilot scale relative to where we will be to meet our “before the end of the decade #29ers goals”, 2026 still a prove out and onboarding year, but ya’ love to see it.
Human Capital >> Financial Capital
$ABXX.TO #MarketBuilders
$abxx.to first day of trading on the TSX. How long until S&P/TSX composite index inclusion? I’m not a passive investor, but - in Abaxx’s case - I could come to love passive index buying… 🚀🚀🚀
This seems to have aged well. $ABXX.NE just ticked at $70 and starts trading on TSX on Thursday 🚀🚀🚀 #abaxx
All time high exchange volume for @abaxx_exchange. TSX listing pending. Exciting times. 🚀🚀🚀 $ABXX.NE
All time high exchange volume for @abaxx_exchange. TSX listing pending. Exciting times. 🚀🚀🚀 $ABXX.NE
Pauls Miklasevics retweeted
"Professor, don't you find it curious that a new US-Iran peace deal leaks almost every time the 10y UST yield breaks 4.4% on the upside?"
"Actually, if I think about it, I don't find it curious at all."
Pauls Miklasevics retweeted
Seems with the latest Abaxx $ABXX Financials they now qualify for the first time for a full Nasdaq listing under "Assets with Equity". They squeeze by with Stockholders' Equity of 59 million USD vs 55 needed and the Total assets of 90 million USD vs 80 needed.
$ABXX 🚀🚀🚀
Seven year overnight success.
Abaxx Exchange volumes really taking off (maker and taker), even with connectivity still in early innings. …but commodity industry knows we got our markets right and these early volumes are proving it.
At full RPC we’d be at ~$25mm annualized today already (were about ~$1mm annualized last quarter end).
Based on 1mm contracts a day medium term target, we’d be running a 300-400% CAGR for 3-4 years off this first stage (that’s the operating leverage an institutional exchange-clearinghouse has).
Commodities futures (and data) are the best business in the entire financial service stack, and we’ve put together the best commodities team on the planet just as the world needs our business most …this is just the beginning of the flywheel.
$ABXX #29ers #Gold #LNG #Lithium
Pauls Miklasevics retweeted
We built Abaxx Exchange ahead of a global gas/LNG crisis
We built 🆔++ ahead of an internet identity crisis
#worldbuildersorbust #29ers $abxx
Pauls Miklasevics retweeted
Jeff Currie has been commenting a lot lately on the difference between physical markets (spot premiums and physical benchmarks) and paper markets (index benchmarks traded by autoreflexive financial positioning algos).
@abaxx_exchange is the one cleared futures exchange in the world focused solely on physical prices (buyer & seller of last resort spot market convergence in price), and real risk management of real things. Most of Boca was focused on scaling the strip-mining operation of retail gambling and tokenized leverage-bucket shops (bringing CFD perps from illegal offshore markets onshore ‘cause “innovation”).
This difference in vision, focus and passion will make all the difference in years to come. We coming. We got this.
#29ers $ABXX #Gold #LNG #Oil
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$TNZ.TO July 2024. On vacation in Canada. Saw the news come out on the NAM transaction. Called my colleague in Riga and told him to “buy with both hands until I say stop.” We own over 1% of $TNZ and today we hit 20x. #TeamMario beers are on me any time you are in Riga. Eternally
Pauls Miklasevics retweeted
like any other person attached to his Latin I suffer a nasty twich every time somebody uses "decimate" to mean the killing of many rather than the killing of only one tenth (of the dishonored legionnaires). Like anyone attached to his English I am offended by "very unique" ...,