Patrick, MYX incurred losses of $93m, $281m $134m in 2020, 2019 and 2018 FY respetively. Not sure how you think by simply changing a CEO the ship can be turned around to produce profit of $160m in the short term???? If you know how i'd be keen to hear so that I can potentially plan my re-entry.
As I said, change of CEO is a step in the right direction, but a lot of damage has been done to the books. It will take many years for another CEO to come and heal the books to start producing profits again. I think there are many better stock options out there who have the ship currently pointed in the right direction, so to have investors pile into this stock which has proven to be a loss making nightmare over the years is unlikely (I wouldn't unless I see the numbers on the balance sheet as proof).
Cheers.
MYX Price at posting:
34.5¢ Sentiment: None Disclosure: Not Held
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