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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 Jan 05, 2024 12:20pm
135 Views
Post# 35812641

RE:RE:RE:RE:RE:Hello longs

RE:RE:RE:RE:RE:Hello longsAlso a simple man but:

I think he means that some managers will be exercising options (as part of their employment contracts).   In order to a) pay for those options, and b) deal with the tax consequences of that exercise, those same employees will be required to sell some shares on the open market to fund that transaction.    Since insider sales are publicly reported the company wants shareholders to know this will happen........Insider sales generally create a bad perception, and can cause the stock price to go down.  Rather than just let that happen, they are trying to get in front of it.

It has nothing to do with the long term impact of the company other than that cash comes into the company and can be used to fund share buybacks......their hope being that in the end it is anti-dilutive.

I trust this is their meaning, but to me its a nothing event, will have no consequence to their long term share price, but may give you an opportunity to buy a dip.
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