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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 Mbxwatcheron Mar 30, 2022 3:41pm
111 Views
Post# 34560259

RE:RE:RE:RE:AGM

RE:RE:RE:RE:AGMThank you Wizzdumb and Raze for your updates.  This goes for more than just today.
I have said it many times, its nice to be part of a board that shares information as opposed to sniping at one another.

Stock price has been lumpy since December, and there is no doubt that concerned me, and probably others as well.   However, once we convert our minds to a long term hold, as opposed to short term gains, then a steady hand guiding a growing profitable business, provides comfort that ultimately the stock price will catch up with the reality of the business.

Besides reducing the share float, i think stock buybacks (should they ever actually do this), sends a strong message to shareholders regarding the certainty of their cash position.  Given most of their history, that is an undeniably strong message.

I agree with Wizz in that a few press releases regarding very large orders, are necessary and I hope that they do that.   It doesnt make sense to me, to release information about a Software purchase but not a large and material partnership.   I am sure they will release them when they happen, but are trying to tamp down expectations about constant press releases.

Thank you both again
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