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Bullboard - Stock Discussion Forum 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... see more

TSX:MBX - Post Discussion

Microbix Biosystems Inc. > A bad year for MBX...at least so far
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Post by modulex on Mar 08, 2022 12:37pm

A bad year for MBX...at least so far

As Mbxwatcher posted on February 9, 2022 - Stock price needs a kick in the pants.

The company ultimately has to get sold, merged.  I became a shareholder in the 90's.  The share price is unable to trade above $1, which is puzzling given the milestones this company has achieved.
Comment by wizzdumb on Mar 08, 2022 12:45pm
It makes absolutely zero sense to sell or merge the company now when it is on the cusp of realizing a major expansion of business. This would be the worst outcome for shareholders. If you've waited this long what's a few more months to get Q4 results in, these will show whether they actually can execute here or we get a bunch more excuses. I'm optimistic and think this is last chance ...more  
Comment by Mbxwatcher on Mar 08, 2022 1:05pm
Ok, I still have not sold a single share but............. Did you expect a stock price of .49. I still think there a few things combining to make this happen. 1) world events aren't anybody's friend at the moment.  Risk stocks get hit the hardest. 2) I still believe this is seen as a Covid stock....they have to prove they are not. Saying it over and over does not appear to be enough. ...more  
Comment by wizzdumb on Mar 08, 2022 1:33pm
Did not expect a share price below 50 cents, but as I said this is a gift. Entire market getting pummeled and I think we have actually held up pretty well considering this is speculative and microcap. Latest Kinlytic comments sucked but this has always been free option and somewhat pie in the sky, although it's not like they have abandoned it just noncommittal on timing now. They have ...more  
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