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

Alternate Symbol(s): MBXBF

Healthcare Biotechnology

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

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Post by tulipbubbleon Mar 01, 2023 5:19pm

2.8 Million Stock Options on Heels of Q1 Bomb

2.8 million options (without saying how many went to C-suite execs and the Board) on the heels of a huge revenue miss and big swing to cash losses is unethical and telling. These never should ...more

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Comment by wizzdumbon Mar 01, 2023 11:42am

RE:This is odd

Bizarre. Total crickets. It will definitely help when they start focusing on markets where many people live, rather than PEI and remote Australia.

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Post by rjc7on Mar 01, 2023 11:14am

This is odd

Volume as at 11:13 am only 2 shares???

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Comment by Mbxwatcheron Mar 01, 2023 9:31am

RE:I’ll certainly take any Press Release we can get.

Their usual posts usually make a comment as to whether the deal is "material" or not, so the absence of such a comment likely means this one is not material at least in a revenue sense ...more

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Post by rjc7on Mar 01, 2023 7:44am

I’ll certainly take any Press Release we can get.

Sure would have been nice if they could have indicted what kind of overall revenue stream this will produce. It's all good though. As they say, Pennies make nickels.

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Post by PressReleaseon Mar 01, 2023 7:00am

New Press Release - Microbix Supporting Australian Point-of-Care Testing Program

QAPs used in Diagnostic Testing for STIs in Remote Communities MISSISSAUGA, Ontario, March 01, 2023 (GLOBE NEWSWIRE) -- Microbix Biosystems Inc. (TSX: MBX, OTCQX: MBXBF, Microbix®), a life sciences innovator, manufacturer, and exporter, announces that its Quality Assessment Products (“QAPs...read article.

Comment by rjc7on Feb 27, 2023 6:53pm

RE:RE:RE:New stock options issue

I don't think management is concerned at all about it reaching $0.75 in the near future. Keeping the strike price lower will keep their employees a little happier.

Discussion

Post by lscfaon Feb 27, 2023 3:03pm

Mgmt circ on sedar

Overpaid CEO

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Comment by Methodon Feb 27, 2023 2:42pm

RE:RE:New stock options issue

I wish the option strikes were set higher (50 cents?) and that they vested only if the shares went above an even higher price (75 cents?).

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Comment by wizzdumbon Feb 27, 2023 9:17am

RE:New stock options issue

Agreed, it's par for the course and without good people the company goes nowhere. I'm sure someone will be offended.

Discussion

Post by rjc7on Feb 27, 2023 8:52am

New stock options issue

I have no issue with this. It's a great way to maintain employee loyalty and does not affect cash. It's also being offset with the stock buyback underway.

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Post by PressReleaseon Feb 27, 2023 7:00am