Interesting from the M.I.R. Board.As we are going into the weekend I thought I should share a perspective -
I havent seen another COVID Canadian play with such a small float.
The other Canadian Comp i know of Liminal Biosciences (which by the way sky rocketed to 115% just on a small COVID news, this week) which has 29% Free Float (6.6M shares) of Sh out: 23M. Majority owners The Thomson Family (71.38%)
For Medmira: 28% Free Float (181M Sh), Majority (72%) owner Swiss Family Urs Meile (his son is current CFO)
Other Covid Canadian Plays -
Algernon: 94% Free Float (121M Sh)
Sona: 83% Free Float (43M Sh)
Datamatrix: 88% Free Float (227M Sh)
StageZero: 98% Free Float (421M Sh)
IMV: 99% Free Float (61M Sh)
Of course there is no corelation of company's performance on the public market with a given free float.
Medmira is a 15 yr story in the making and finally as it is close to the finishline (by securing EUA) no way the CEO and owners would let this down !