Yes unfortunately too many early holders / investors who bought in when MYX was a growth stock after Mayne went offshore into the US when we purchased Metrics and its freehold pharma manufacturing plant well established , good strategic move especially later when we bought adjoining large parcel of land to allow for plant expansion presenting a very impressive Pharma manufacturing complex + updating / modernizing machinery development described at the time state of the art .We had big US Pharma clients who either used our facilities or were clients of ours . Mayne had a solid asset base / lucrative business in a the US . Yes Teva changed everything and since we've yet to see a trading profit even after selling our flagship asset value that far exceeded our entire Market Cap now finding ourselves at the mercy of Shorters , traders , institutional fund managers , private hedge funds etc etc . Hoped some of the products we paid hundreds of millions for would eventually get us into net profit but unfortunately that massive money spent marketing , developing and FDA approval / delay's ( holding costs) offered way under their potential real worth to benefit a private US company which has further damaged badly our company and its small shareholders by reneging on an agreement between the 2 companies , whatever happens now will take some time to recover from . NOT HAPPY been around 9 years all up for me Cosette a few Months , buyout , talking Aust dollars here not US dollars in regards buyout , company valued 100% as a loss making company zero on money spent developing , marketing etc etc . All those wasted years for some whats 2 more years ( estimated) becoming profitable or there a good reason that we don't know about YET why management pulling the rug out from under us .
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MYX
mayne pharma group limited
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$5.08

Ann: Update on Scheme with Cosette, page-41
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Last
$5.08 |
Change
-0.120(2.31%) |
Mkt cap ! $412.7M |
Open | High | Low | Value | Volume |
$5.19 | $5.19 | $4.97 | $918.5K | 181.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1200 | $5.05 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$5.08 | 6898 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1200 | 5.050 |
2 | 10046 | 5.020 |
4 | 8072 | 5.010 |
1 | 8000 | 5.000 |
1 | 2426 | 4.990 |
Price($) | Vol. | No. |
---|---|---|
5.080 | 6898 | 1 |
5.110 | 3026 | 2 |
5.130 | 2426 | 1 |
5.150 | 2426 | 1 |
5.170 | 2891 | 2 |
Last trade - 16.10pm 16/06/2025 (20 minute delay) ? |
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MYX (ASX) Chart |