Yes interesting company really. Myx 13/8/2010 42cents 10 years on same price tag but 8 times as many shares on the share holding registry. CSL 9/8/2010 around 33 bucks 10 years on 283 bucks, earnings have gone up 7-8 times as has the share price but CSL has less shares on the registry than 10 years ago and has been paying divvies. Myx has paid 1 divvy I think in that time. Basically it appears to be jogging up and down on the spot for 10 years going absolutely no where but is still making big promises. I guess you only have to look at the 10 year graph of Myx to get a clear picture of ongoing cash burn and share price stagnation. Buy 1 share 10 years ago and it’s worth the same today but now for each share you hold there are another 7-8 share created. In 2016 shares available doubled through a CR and then fell 80% in value over the following 4 years.... No wonder traders trade and shorters short and no wonder SR withholds as much info from SH’s as possible. Logic says if you have positive news you get it out to the market ASAP. If you don’t, you keep your mouth shut and hope Myring gets approved in order to save your neck. This is way more than a 2016 balls up IMO. It’s just ongoing systematic mismanagement but if he can get away with it then why not?! Then there’s the upfront costs for an unapproved new generation birth control pill in cash and shares for a potential unknown profit. I’m tipping SR will be slapping his own back very hard with a hefty wad of shares to self congratulate himself on how good a job he’s done in creating share holder wealth but he’s not talking about you guys that coughed up for 2 bucks 4 years ago he’s talking about himself! And why should he dip into his own hard earned to buy into a company he believes in? If you can turn up to a pub and always point to someone else and say come on, it’s your shout get me a drink will you! The share holders are always picking up SR’s tab with cash, shares and expenses for precious little in return except more promises!!!
MYX Price at posting:
42.0¢ Sentiment: None Disclosure: Held
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