MYX 3.29% $4.40 mayne pharma group limited

Ann: Mayne Pharma CEO announces plan to retire, page-85

  1. 1,367 Posts.
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    Special dividend for share holders only made possible by us selling off our major assets owned in the US thereby substantially affecting our bank asset valuation (collateral) Mayne backers/lenders will revalue company accordingly , now we're debt free or close to we now rely mainly on how much company's net earnings insofar company valuation and thus far we're yet to see it . We have to maintain as much working capital as possible at least until products we're carrying/supporting hopefully support themselves , we cant rely on backers/ lenders any more no way will they lend with insufficient collateral . Some special shareholder paid to all shareholders , too many would be buying shares for dividend out soon after securing it . Don't know how dividend distribution works but seems like it the last thing we should be doing , we have no real idea if E4 for example is going to make money or lose money eventually . Who's going to back us if we start bleeding money AGAIN .
 
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