Microbix Biosystems Inc T.MBX

110,500 shares plugging up the ASK

[rjc7]

Where are all these shares coming from? Still from the bought deal?

[rjc7]

.....@ $0.60!  Might be a while before this thing moves.  I think they are all connected to the financing.  Wonder how many more are available.

[Mbxwatcher]

If approx 11,000,000 new shares were bought and they were all purchased for the warrant then I'd say 11,000,000 shares need to be sold .  Simplistic but after Removing shares bought by insiders it's probably not far off. I figured the overhang is 4 to 6 weeks from close of financing unless something big happens and we blow through much larger volumes than we are currently.  

[wizzdumb]

Agree although Cameron thought it would be just a couple weeks in the Adelaide recent update. I expect next VTM PO from Ontario soon which in my opinion should be big one and justify another press release. 

[Mbxwatcher]

That is one catalyst that could blow through a lot of the overhang quickly