Over the last 10 weeks I have increased my MYX investment by 60% some of which was influenced by the significant purchase by director Bruce Mathieson who I have a lot of respect for as he is a genuine self made billionaire.
But my mayne reason (pardon the pun) was what is happening in the US. Drug shortages, US desire to manufacture in country, new facility at Greenville North Carolina, Myring approval due and the fabulous new contraceptive drug E4 which if approved will be a company making development. The risks to the upside far outweigh the risks to the downside especially at the current bargain basement price of $0.37.
If the SP goes up substantially i will have the pleasant problem of being overweight MYX, what a joy that would be.
As an aside i am in a large investment group and one of our guys is a doctor who holds the Mayne Pharma research and development staff in very high regard.
MYX Price at posting:
37.5¢ Sentiment: Buy Disclosure: Held
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