Today, BNB's stock company CEA Industries announced an increase of 30,000 BNB, bringing the total holdings to 418,888, valued at approximately $368 million.
However, the stock price hasn't moved much.
The market value of BNC is 747 million.
It is estimated that apart from the value of the BNB treasury reserves, the original business of this listed company is not profitable at all, so it can't sustain a 2x market value. Previously, this shell company was engaged in electronic cigarettes, selling shares to raise funds, establishing the BNB treasury, and conveniently selling off the control of the listed company; the previous stock code was VAPE.
When it first announced fundraising to build the BNB treasury, how did the stock price soar to over 80?
Singapore has already announced that electronic cigarettes are treated as drugs, and carrying them is illegal, so the downturn in the electronic cigarette sector is also expected.
When will my BNC, which I bought at 24.2, go back up?
