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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

Post by Mbxwatcheron Mar 14, 2023 4:05pm
232 Views
Post# 35338264

Haywood securities.

Haywood securities.One of the things that gives me comfort as a shareholder is the share buyback.
Means the company believes in itself enough to use available cash to reduce the float.

Notwithstanding the fact that we will probably issue more in options than we buyback, i guess that is another conversation.

However, they are allowed to buy back 11,500 shares per day.

Today they bought 3,500
Yesterday they bought 500
Friday 10th, they bought 2000

Might be something to keep an eye out for.......could be rules related, not sure but we should watch.
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