Shorts have made an absolute killing on this one. What's even more is that they were able to close their position whilst still keeping the shareprice down, meaning that genuine sellers were the reason the SP did not bounce up over the months to create a short squeeze. This has been an asbsolute win win for the shorters. Very well played indeed by the shorts.
Of course the shorts should not be to blame for the dismal share price performance of MYX that has allowed them to profit so handsomely, shorts simply capitalised on the situation and made some big coin. The blame for the dismal share price perfoamance lies soley with the management of MYX whom have destroyed shareholder value losing almost $1billion in shareholder's hard earned in 4 years.
2018: $134m LOSS 2019: $282m LOSS 2020: $95m LOSS 2021: $209m LOSS 2022: ?????
Still over $0.5B worth of intangibles on the books.
MYX Price at posting:
29.0¢ Sentiment: None Disclosure: Not Held
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