@retard3dinvst0r Don’t be surprised if we see Canadian LNG and Crude contracts on the Abaxx exchange one day . Once we get NWE back on line and if they launch a Canadian LNG contract , Abaxx will have 4 regionally important LNG contracts .
The @abaxx_exchange team is wrapping up another successful #Gastech. With over 20% of global LNG supply navigating force majeure, the industry urgently needs resilient delivery and clearing risk management solutions.
As the world’s only neutral East-West exchange and
@UpslopeCapital@NotoriousBaggie it was limited in scope, non-cash, and did not alter the half-year results or the balance sheet in a meaningful way. Calling it a major accounting restatement is a major overstatement but I would expect no less from someone who is short
@UpslopeCapital@NotoriousBaggie The June 30, 2026 balance sheet was not affected.
• Cash was not affected.
• The corrections were reviewed by the external auditors and the statements were refiled.
@UpslopeCapital@NotoriousBaggie Nice spin for your followers my friend . That was absolutely not major
They changed how they present and time liquidity-program payments (recognizing them in the quarter earned and, in some cases, as a reduction of trading revenue rather than as an operating expense).
@UpslopeCapital@NotoriousBaggie So you are implying that these buyers blindly bought into this deal at $ 54.25 without doing deep due deligence on the LT outlook? We can agree to disagree.
@UpslopeCapital@NotoriousBaggie Yes I understand that , but they had to know they had enough clients that believed in the vision and that they could successfully distribute the $ 69 million CAD worth of shares .
@UpslopeCapital@NotoriousBaggie One more question for you though , why do you think large companies like ATB Cormark and Cantor would consider a bought deal at $ 54.25 if they didn’t believe in the 2029 and beyond potential of this company. Do you think they are incompetent? 🤔
@UpslopeCapital@NotoriousBaggie I’m confident in my due deligence and in my honest opinion, anyone short right now is playing with fire IMHO . I believe the next 3 to 18 months will be transformative for the company
@UpslopeCapital@NotoriousBaggie If you don’t disagree with my first reply, why do you continue to try to compare Abaxx to CME and ICE that are both almost $ 100B USD market caps ? That is disingenuous in my view .
@UpslopeCapital@NotoriousBaggie I recall watching Netflix back in the day when they were just starting out thinking that it was way overvalued for the stage of development they were at, I believe around $ 500 million market cap
@UpslopeCapital@NotoriousBaggie If yiu wait until everything has been proven out and Abaxx becomes recognized as new market infrastructure globally you will have missed out on the largest gains .
@NotoriousBaggie@UpslopeCapital Josh’s “flywheel” framing depends on exactly this sequence: build volume and participation first, then let economics improve as the market matures.
#abaxx
@NotoriousBaggie@UpslopeCapital That does not make the volume meaningless. Volume is the necessary precursor to:
• Tighter spreads and better depth
• Rising open interest
• Eventual reduction of incentives
• Attraction of commercial hedgers and larger clearing members
@NotoriousBaggie@UpslopeCapital In the bootstrapping phase it is common for:
• Liquidity-provider incentives and fee waivers to offset most or all transaction revenue, and
• The exchange to prioritize showing that the market can handle size and attract participants over near-term profitability.
@NotoriousBaggie@UpslopeCapital You look to be to young to have been around in the early days of the development of large exchanges and perhaps don’t realize that what Abaxx has been doing is exactly how you go about getting to the increasing OI and commercial hedging you are tracking
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