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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 ECSINVESTORon Sep 28, 2022 3:54pm
90 Views
Post# 34993173

RE:RE:Get rid of convertible debt instead of NCIB

RE:RE:Get rid of convertible debt instead of NCIBProbably a bit early - but zero response in terms of share volume to the latest MBX news. Maybe the shares traded today were from the NCIB... :)

This stock is stuck in the doldrums and really don't see it "breaking through" at anytime soon. Its probably fairly valued as it is. I have traded this stock many times over the years and the promises made by the CEO at the time (over the years) are getting old. 

Don't get me wrong - they have a good line of products but unless they can quadruple sales, or someone gives them a sweet deal on Kinlytic in the next while (have been waiting for about 20 years for that one...) - I don't see the stock busting out.

I own a good chunk of shares and hope I am wrong but will definitely dump it on the next upswing....
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