Bullboard - Stock Discussion Forum Microbix Biosystems Inc T.MBX

Alternate Symbol(s): MBXBF

Healthcare Biotechnology

Microbix Biosystems Inc. develops and commercializes biological and technological solutions for human health and wellbeing. It enables the commercialization of diagnostic assays by making a range of critical ingredients and devices for the global diagnostics industry, notably antigens for immunoassays and its laboratory quality assessment products (QAPs) that support clinical lab proficiency... see more

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TSX:MBX - Post Discussion

Microbix Biosystems Inc > Get rid of convertible debt instead of NCIB

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Post by lscfa on Sep 28, 2022 8:24am

Get rid of convertible debt instead of NCIB

Debt converts at $0.23/sh, has coupon of 9% and not due until 2028/2029.

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Comment by wizzdumb on Sep 28, 2022 11:34am

This is a small amount of money in the grand scheme of things and is more a signal to the market of management confidence than anything else. Cameron following through on his promises as usual, much more to come.

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Comment by ECSINVESTOR on Sep 28, 2022 3:54pm

Probably a bit early - but zero response in terms of share volume to the latest MBX news. Maybe the shares traded today were from the NCIB... :) This stock is stuck in the doldrums and really don't see it "breaking through" at anytime soon. Its probably fairly valued as it is. I have traded this stock many times over the years and the promises made by the CEO at the time (over the ...more

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Comment by wizzdumb on Sep 28, 2022 4:41pm

They will be buying shares because they believe them to be undervalued. If you think they are currently fairly valued and have no faith in management probably a good time to sell.

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