I did not like CEOs comments regarding others
masking why not sell Salisbury Plant . ( International)
What kind of leadership is that for a Pharmaceutical
Company. What would that leave Mayne with. Not
even ownership of an office anywhere. Just a whole
lot of proven incompetent sales representatives and a
rented warehouse somewhere distributing products
belonging to Pharmaceutical Companies at ever
increasing losses until all the money is gone after selling
their profitable assets.
Seriously had they not sold Generics for US $90m
plus a little they would not have any cash left even
now. 8 months after sale of Metrics by June end .
God only knows how much they have spent during
last two months. The Miami sales conference. Lasting
long enough to have negatively impacted sales. Besides
the huge expenses incurred.
They keep referring to Nextellis as the Flagship. My god
with a bloody army of sales representatives in 50 states
and they sold $14.1m gross. This single product has cost
us nearly $500m so far in shares plus costs then sales
and marketing. Flagship ! I think we may be on the wrong
boat. Their cash burn is astronomical
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