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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

Comment by mjh9413on Nov 25, 2020 1:08am
158 Views
Post# 31967613

RE:RE:RE:YouTube Interview

RE:RE:RE:YouTube InterviewFew of points to add.
Doubt if one can apply a 10x multiple to this company.
Presume the 50c+ options (3,8MM) have probably expired 
The Conv Deb holders are the ongoing winners when it comes to an stakeholders benefitting..They have been in from about 2008 on and the current 23c conv price was down from original 65c and 90c (and int rates increased) because a credit facility with TD needed the deb holders consent to amend their collateral rights. I believe some deb holders also got additional 23c warrants at the time. It is one of the features I don;t like about their financials for despite the debs being long-dated they really are dilutive and a cash burden. I have not found any reference to the original deals on SEDAR and all the company docs refer simply to holders being  'shareholders of the company' no names.
As I said, mine is a bet based on what they define as possible revs from QAPs. As to the guy on BNN, well he would pump the stock:I see the firm has probably about $1MM invested.


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