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.
MYX Price at posting:
$4.75 Sentiment: Hold Disclosure: Held
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