MYX 0.47% $4.26 mayne pharma group limited

Good point, I pulled all of my capital out ofMYX and slammed it...

  1. 1,125 Posts.
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    Good point, I pulled all of my capital out of
    MYX and slammed it into EVS. Switched
    into a progressive company with very low
    debt that’s in the process of taking on the
    world. Myx just continues to disappoint it’s
    share holders YOY. It’s written all over this
    forum again today. The distrust of SR is
    extraordinary and causes major reputational
    damage to a company. Perhaps Myx will
    turn it around, perhaps not but it’s hard to
    believe in a company when no one believes
    in the guy leading the company in it’s most
    senior position. Investors should always
    be wary of poor management because poor
    managers lose investors money and fail to
    grow the company’s wealth as SR has done.
    Any investors should always carefully research
    why they got into a company and from time to
    time check if they’re still into a company for the
    same reason. Most people here now are only
    still in because they don’t want to crystallise their
    losses because it hurts but it also stops them from
    moving on and finding new winners elsewhere in
    the market. Perhaps SR will eventually turn the
    ship around but in the meantime it’s the damage
    done in regards to dilution and regardless of what
    anyone on this forum has to say, the Teva deal is
    still playing out 5 years on with massive dilution
    and shrinking profits. It’s a very hard lesson for
    everyone to take that no one wants to take but
    we all become better investors if we analyse
    where things went wrong so we are less likely to
    repeat the same mistake next time. SR has never
    said that he made a monumental mistake with Teva.
    One minute he was talking up an acquisition then
    it was a change of company direction, Covid,
    economic headwinds, in essence it’s never
    his fault and there in lies the problem. He’s always
    gambling with other people’s money. I hope Myx
    turns around for everyone. If you’re not comfortable
    with your investment then pull out and look for other
    options in companies that are growing or likely to
    hit pay dirt in the near future. The stock market is
    a fast moving machine and severely punishes those
    that are not up to it or just plain miss expected targets.
    GLTAH that choose to retain their faith in SR and his
    team, cheers and happy weekend.
 
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