Microbix Biosystems Inc (MBXBF)

[yielddude]

Sounds good, what's next after that for Microbix?

Then what? Well, they also recently announced they are doing a new financing to raise approximately $6M. Usually I'm not a fan of more dilution, but Microbix has earned my respect with their judicious use of their money. Most of this money will be used for expansion. And that is great news. In the following video from early January, the CEO mentions that with their current capital, they could scale up to a $50M to $100M revenue range, but would need more capital to go above that. They have had inquiries for larger amounts of VTM and larger amounts of QAP's. So the fact they are now seeking more capital indicates to me that these inquiries have become more serious. Take a listen (the 46:00 to 47:30 time period)

Then if you look at their May 12th Sedar filing...
https://www.sedar.com/CheckCode.do
starting at pg 14, they list their intentions for the capital raise...
The Company intends to use the net proceeds of the Offering as follows:
Use of Proceeds Amount
Expand Capacity for QAPs & VTM via automation & process upgrades $1,200,000
Facilities Upgrades and Expansion at 265, 235 & 3rd site
$ 2,550,000
Upgrading, including digitization, of Production, QC, &
QA processes, along with ERP systems
$ 600,000
New Product and QC Testing Development 1,100,000 $
Total $ 5,450,000

I would expect that in the months after the financing has closed, we would see some announcements or partnerships with significant revenue involved. A great time to invest in Microbix is now. Current prices are
MBX.TO .62 cents, MBXBF .52 cents