Microbix Biosystems Inc T.MBX

RRSP Season

[rjc7]

I suppose part of the sell off is investors rebalancing their portfolios before the March 1st RRSP deadline.

[RazeKreations]

Yes some would be selling for tax purposes. Especially if  it is within a rrsp.  Most are not going to sell at this ridiculously  low share price.  Volumes  are way too low for any traction for gains at this point. Simply Wall Street has MBX 42% undervalued. Should currently be $1.25 fair value.  At some point there will be coverage and strong buy recommendations 

[rjc7]

.......there has also been some exercising of Warrants putting downward pressure on the stock.

[wizzdumb]

I don't see this doing anything much until some significant news comes out, likely either a Kinlytic announcement or QAPs partnership. Keep in mind that Cameron's previous comment on Kinlytic deal timing was that it would be a "photo finish" to get it done within calendar 2021 so this could potentially come at any moment now. In the meantime the company is proceeding with

[dwitzany]

Like your comments Raze, but there are no tax reasons to sell within an RRSP?  But then, I don't think this softness is about rebalancing either.  It's just that a strong move up attracts some hot money, which leaves as soon as momentum wanes.  It can be expected, even if we don't like to see that happen.

[RazeKreations]

The selling within an RRSP i was referring to is that after the age of 71 it is mandatory to withdraw a minimum of 5% of funds annually. It doesn't amount to much in the big picture but volumes sre so low that it could make a small difference at this time. The one thing that i think made a difference is the headline that some put out about the Industrial Alliance downgrade. I don't think

[Mbxwatcher]

Ultimately, I believe that someone has to want to actually buy the stock before any more price movement can be seen.  Volume is pathetic at the moment, for a stock with significant assets in the field of Covid testing during a surge in the Pandemic.    Further, I always love Wizdumb's posts, but found myself amused at all of us that after all this time we are breathlessly

[RazeKreations]

Right now it feels like someone piled a bunch of dirt over a gold nugget and it needs to be rediscovered.

[wizzdumb]

Just keep accumulating while nobody knows about it. This incredible deal won't last for much longer I suspect. Kinlytic agreement will be huge, agree it's been going on forever but they have made real progress and Cameron has and will continue to deliver in my opinion. This company is a completely different animal than it was just a few short years ago. If they bring up a Chinese vaccine

[dwitzany]

Thanks, now I understand your point, and agree.  Less important, Simply Wall Streat, a bot essentially, had a negative valuation piece on MBX recently, but that went away.  I have confidence that the voting machine becomes a weighing machine soon enough..., even if not as soon as I'd like.