Totally agree with your thoughts on MYX. I think a few new holders would love to cash in on the sale of the Metrics Division and see a juicy special dividend. I personally would like to see the cash used to expand our Nextillis sales team. So far it is way below expectations, as it was expected to be EBIT positive within first year of approval. This has not been achieved. The licence to sell it has cost us dearly and it is expected to peak at 200 mil per year. We are nowhere near that as yet and will need a big push to get anywhere near that. At the current rate it will take years to reach breakeven. We have just seen 10 c wiped from the sp again, it seems that it was a pump and dump so that SR could claim his bonuses before he left. The timing of the sale , the timing of the announcement for his performance bonuses and now his resignation/ retirement all correlate to his self interest in milking all he could from this cash cow. If the cash is distributed, the value of the company will also decrease, pushing the share price even lower. Hopefully the new board can steer this company onto a positive path and move us thru to the next level . I still believe this stock has a huge upside if we can just get it right. GL and DYOR cheers
MYX Price at posting:
28.0¢ Sentiment: None Disclosure: Held
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