MYX mayne pharma group limited

Ann: Update on convertible note arrangements with Rubric Capital, page-8

  1. 1,523 Posts.
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    Yes Hadrian I agree Hadrian will do very well.
    Well we have no alternative but to hope this
    way. Your logic is exactly that and sensible.
    I would have liked Metrics ( Pharma CDMO
    company ) to have received 30 times . Should
    that have been the case we would have been
    paid $1.5b instead of $725b.
    There was also another option to raise $27.5m
    Get a Loan from bank . These comments we are
    debt free . Wrong ! We are paying interest on a loan
    albeit low 2.5% . Yes at first glance. The truth is it
    will cost us 9,6% of company. Exactly the same %
    Mithra received for Nextellis. Although at $10.20
    / share. With your rear view mirror positive outlook
    ( which I like ) Mayne could have repaid both the
    Bank Loan plus interest in 12 months thereby saving
    huge 10% dilution. Other than that I am in your corner.
 
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