Microbix Biosystems Inc T.MBX

Unbelievable

[rjc7]

We closed yesterday at a pathetic $0.46. At the time of this post someone is offering 4500 shares at $0.43.  It's like a competition for who can offer the most shares at the cheapest price below the previous day's close.  This is on the backdrop of no material negative news.  I just don't get it.

[RazeKreations]

The one positive you can take out of this is that Microbix has a lower cost of share buybacks and is preserving cash. The collapse of bitcoin may be adding to the selling if some of those "investors " had also bought Microbix shares and now need the cash back to pay rent.

[rjc7]

They could hit the ASK right now and take out 238,000 shares (probably more than their daily allowable) and still be under $0.50.  What are they waiting for.

[RazeKreations]

They are restricted to a percentage of the average daily trading volumne from the last six months. Otherwise I think that they would buy much bigger volume. Thats why they have been buying 11500 shares per day average

[Mbxwatcher]

It would be comforting to see some insiders buying at these levels.  We have not seen that in a while. I think they are loaded up with stock options, and dont need to buy on the open market........ However, it was a comforting signal when they were doing that. I think this year its been the opposite....selling on the open market and buying .23 options. Anyway, there really isnt much to

[tasman99]

            Stalled and backsliding  I SUSPECT mbx will be in 30s sooner than later

[rawoat]

Hello folks, this is tax loss selling season, I am surprised no one has mentioned it in the posts below.  The current sell off is at leat partly due to tax loss selling.  If you would like to get some cheap shares, this is the time to buy, not in the new year.  I am not saying it has necessarily bottomed, it is hard to predict how much lower it may go or not, but I think the shares

[Mbxwatcher]

A miss could be a decrease on the top line or a loss on the bottom line, both of which I think could happen in the 4th quarter. I also don't think they have met the objectives in either of the vtm or QAPs divisions they set out. it doesn't mean that I think they won't, it means it won't be reflected in the 4th quarter. In my estimation ( which could be wrong) that's what I read

[wizzdumb]

What will you consider a "miss"? Versus what metric or expectation? This will be a record year for the company. There has been progress in each of the three segments. There has no been no negative material news, only timing issues.   Yes, the delays are disappointing, but when you consider the above especially against the backdrop of all the external craziness of the world this

[buddyboybruce]

It has been frustrating, but those that were able to hold on and stay invested in MBX will soon be in the green big time. $1 coming soon, big news in January, 2023 Q1 first week of February and bang, $1.15 per share for Microbix.  rjc7 - (12/1/2022 8:01:32 AM)

[eiementai]

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