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Bullboard - Stock Discussion Forum Microbix Biosystems Inc. T.MBX

Alternate Symbol(s):  MBXBF

Microbix develops proprietary biological technology solutions for human health and well-being, with about 90 skilled employees and sales growing from a base of over $1 million per month. It makes a wide range of critical biological materials for the global diagnostics industry, notably antigens for immunoassays and its laboratory quality assessment products (QAPs™) that support clinical lab... see more

Bullboard (TSX:MBX)

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Comment by lscfaon Dec 06, 2023 10:42am

RE:New Press Release - Microbix Announces Initiation of Normal Course Issuer Bid

Instead, take out the $4M of debentures convertible into 17 million shares.
Comment by RICHOFFMBXon Dec 06, 2023 10:37am

RE:RE:New Press Release - Microbix Announces Initiation of Normal Course Issuer Bid

They only bought back about 2% last year, whereas they were allowed up to 5%.
Comment by Mbxwatcheron Dec 06, 2023 10:27am

RE:New Press Release - Microbix Announces Initiation of Normal Course Issuer Bid

I guess this is the penalty for being such a thinly traded stock. The rules allow them to buy back 6.8 million shares in a year. The rules also restrict them to 12,286 shares in any one day, which ...more  
Comment by RICHOFFMBXon Dec 06, 2023 9:20am

RE:New Press Release - Microbix Announces Initiation of Normal Course Issuer Bid

This is great.  About the same amount allowed to repurchase as last time except this time their broker doesn't need to be on both sides of the sale.  This will likely allow them to get ...more  
Comment by RICHOFFMBXon Dec 04, 2023 6:07pm

RE:Buyback

NCIB allowed up to 5% buyback (just under 7 million shares) and the maximum daily repurchase was 25% of the average daily trading volume for the last 6 months. Let's hope they get closer to that 5 ...more  
Post by wizzdumbon Dec 04, 2023 4:04pm

Buyback

Picked up my final batch of shares recently, hopefully the last ones under 30 cents Canadian. Buyback should be starting again soon in earnest. Next announcements that we should be seeing in short and ...more  
Post by wizzdumbon Dec 02, 2023 2:49pm

PoC test example

For those of you who may have never seen one of these "toaster size machines" that Cameron references in webinars.....the QAPs that MBX produces would be used in place of an actual patient ...more  
Comment by wizzdumbon Nov 30, 2023 12:54pm

RE:RE:DxTM sales blip makes revenues look flat

Agree, and don't forget DxTm is not dead, perhaps just delayed. They have mentioned numerous times they are still in discussions with Ontario procurement and are looking at other transport media ...more  
Comment by prophetoffactzon Nov 30, 2023 12:12pm

RE:DxTM sales blip makes revenues look flat

2024 will be back to creating new record highs for revenue after absorbing the lost DxTM revenue. It will be back to clear signs of growth which should help build momentum for the stock as biotech may ...more  
Comment by Mbxwatcheron Nov 30, 2023 10:58am

RE:RE:RE:Doldrums

Hoping that's true been waiting since about 2009 not selling/will add in January if we are close to where we are now  GLTA
Comment by wizzdumbon Nov 29, 2023 9:41am

RE:RE:Doldrums

Take out is definitely a possibility, but I think it would need to be very sweet offer compared to the current selling price to be successful. I agree anyone here now would likely prefer the long game ...more