We will see how ridiculous it is next week.
This company has a long standing habit of
overpaying and overspending. The cash shown
there isn’t surplus. Even though they have reduced
Mithra holdings by 50% they gave away 10% for only
$27,5m. They will have spent a small fortune marketing
Nextellis , Annovera and the like. They require extra
$$ should we take on Donesta for US distribution.
as we will definitely receive Nil assistance in Marketing
costs to establish the product mainly because the
owner Mithra is basically broke. The previous products
we have tried to sell (Nextellis and Haloette) were
the main cause for Mayne having to sell its biggest
asset. Check the Liabilities column Hadrian . It is
growing.
Ann: Non-Executive Director retirement, page-26
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