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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 proficiency testing, assay development and validation, or clinical lab workflows.


TSX:MBX - Post by User

Bullboard Posts
Comment by JustforFun7on Mar 31, 2015 12:35pm
148 Views
Post# 23581976

RE:What I want to know is......

RE:What I want to know is......It is a penny stock for now. Until these new lines of business mature into profitable arms of the company,  they are just drains on the core business (or investments in the future depending on how you look at it.). 

MBX is in a great field of work, one that is growing quickly and which has lots of upside. But they still have to do it constructively and methodically. I don't seem them  going out and purchasing add-on companies and growing by acquisitions. Management does not seem geared that way.  So their only other alternative is to partner with other companies and move forward by developing relationships and hope they don't get bought out too early in the growth cycle. 

I like to see these sort of announcements as they are encouraging  for future possibilities.  But the company still has to step carefully as they are open to takeover or potentially over stretching financially to fund so many pipeline projects. 

JFF7
Bullboard Posts