Today the share price spiked up by 4cents. Not much I hear you say for a new licence agreement (from Mithra) for E4 in Australia. With a A$130m estimated market in Australia.
Just imagine the share price spike, sometime in 2021 when MYX announce they have FDA approval to sell E4 in the US. It has a estimated market size of US$4 billion about 47 times larger than Australia.
Can you imagine a price spike of $1.88 That is what the shorters should be worried about, especially as there is still more than 104 million shares short sold. I am hoping the shorters miscalculate the timing of the FDA approval. An extra $1.88 would make my day as I have loaded up whilst averaging down significantly since early Feb'20
MYX Price at posting:
44.0¢ Sentiment: Buy Disclosure: Held
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