Microbix Biosystems Inc T.MBX

pretty much as expected

[RazeKreations]

Today's investors update went pretty much as expected. Cameron was a little limited on how things are progressing because of fiscal year end report looming. They will be going into blackout period very shortly. Kinlytic opportunities are improving, that was one of the best little bits of information gained. They did explain why the update was so close to year end report and it was because of conflicts with travel and scheduling. He reported that there are 10 scientist working on developing new products. 100 employee's hired plus 10 contracted Lots of little bits of information on new opportunities and collaborations. Should have a better understanding of progress when fiscal year end report is posted. Then the webinar after that will bring much more insight into the company

[rjc7]

Did they comment on how many shares have been repurchased. Thanks.

[mercedesman]

Generally I agree, although I am bracing for a slightly slower uptick in new (QAP) order growth than originally might have been expected.  As Cameron mentioned, sales cycles can be long in Life Sciences. PCR testing (and therefore VTM need)  in ON currently at about 8000/day (250k/month).  They are "in discussions" to secure commitments for a large share of ON needs and

[wizzdumb]

Cameron is a smart guy and would have learned his lesson on the Kinlytic guidance he provided near the end of last year which was very optimistic and even had a timeline associated with it, it ultimately did not come to pass. For him to basically inject some additional optimism into this in yesterdays call he's either quite certain about it or a glutton for punishment as he could have easily

[mercedesman]

Wizz, I hope you are right that he is not a glutton for punishment. A more interesting question is what might their plans be for any cash raised from a possible sale ? Capacity expansion? - basically done. Share buy-back (to offset Option grants)? - already in the works at rate of 5%/year.  Current Cash flow can handle this easily Dividends?  - not in the ST cards per CG..and I agree

[wizzdumb]

He did mention acquisitions a couple of times. He has his eye on something(s) I think.