MYX 0.66% $4.60 mayne pharma group limited

Ann: 2019 Annual Report, page-6

  1. 1,125 Posts.
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    Hidden value what are you on about??????
    Shorters aren’t being fed anything by retail
    share holders. If people want to sell that’s
    their choice. That’s the exchange of wealth.
    Shorts are only about 4% of the market so
    they’re not controlling the other 96% of the
    MYX market! There is no current pressure for
    shorts to cover. All the longs want the price
    go up but it won’t happen until MYX restores
    its reputation and puts runs on the board
    and makes large profits. It’s only expecting to
    make 4.4 cents per share in 2021 so that
    doesn’t exactly excite the market. If they were
    expecting to make 50 c per share it would
    be reflected in the share price. Unfortunately
    we are going to have to be patient. Shorts
    will only leave when the market shows them
    the door and they have no choice but to leave.
    Meantime MYX goes about transforming its
    busines which gives people the time to decide
    if they like what MYX is doing and whether
    they’d like a piece of the action or not. Retails
    aren’t feeding the shorts a great deal. Probably
    need institutions/super funds to take an interest
    but that won’t happen until MYX either becomes
    a genuine growth stock or starts producing decent
    profits and paying the dividends a value stock pays.
    MYX has obliterated shareholder value for plenty of
    retail longs who are heavily under water still. Many of
    them may sell out on the climb back to dignity just to
    recoup their losses and who would blame them? I
    wouldn’t, but I’m one of the lucky relatively new longs
    who’s currently in front. It will take time for MYX to win
    the respect of the market. They really haven’t
    achieved much in the last 10 years apart from destroy
    shareholder value with previous poor decision making....
    Fingers crossed they get it right this time!
 
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