In a forward looking market one would think the E4 FDA approval would have seen us hold at least around the 50cent mark on projected earnings,coupled with the fact that we have 85% of the OC market. But unfortunately, investors are weary of this abysmal management team and got out the minute they could. Shorts actually increased the minute the FDA approval was out as they know it'll be a very short lived spike as there will be no information coming forward ,which will allow the price to drift and be manipulated. I emailed Pendlebury questioning what is being done to put a floor under the SP instead of this constant drifting back to ground zero after each announcement. Im yet to receive a response.
MYX Price at posting:
39.0¢ Sentiment: Buy Disclosure: Held
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