Yes KR it’s a weighing machine. Try looking at something relevant. So much misguided intellectualising. Myx has lost a whole pile of share holders capital over the years. You’ve taken a big punt on a broker’s recommendation and this is why you are heavily underwater. You’re now doing due diligence after the fact attempting to justify why Myx is a great purchase. It has proven punters time and time again to be wrong which includes you. Fact the share price is where it was 10 years ago no matter what spin you want to put on it. When a company does due diligence on another company it checks the books carefully before writing the cheque. Let’s not forget the fact that today there are over 8 times as many shares available on the share registry as what there were 10 years ago. Fact check me by all means. You can’t handle the fact that you ballsed up your purchase and so you call moderators to have posts removed that you don’t approve of despite the fact that everything I said was based on information coming directly from the Westpac broking site. Myx has added plenty of debt over the years as well. Yes, you add debt to grow your business. But the business contracted because it badly over paid for “assets” which have become liabilities! Go and have a look at the historical MC of Myx and have a look at today’s MC. The price of Myx is sinking. That tells the tale. Myx might be 20 cents in 2 weeks. It only has 8.5 cents to go… I feel sorry for most retails caught up in this mess but I don’t feel sorry for you because you seem to think you’re some kind of authority on Myx and yet you bought in on someone else’s recommendation and have a huge percentage on paper loss. Should Mayne reach 20 cents perhaps I’ll buy in for quick trade and flip as long as there are no debt covenants to breach. Enjoy your research but it won’t stop the price slide action regardless of what you say. Shorts are on the rise and will continue to pressure the share price. GLTAH
MYX Price at posting:
28.5¢ Sentiment: None Disclosure: Not Held