The first day I can find Myx listing on the Aus market was 9/7/07. Closed for the day at 41 cents. Promises wealth, profits and growing the business. No point in listening to the hype and promises. Best to look at the cold hard facts and compare the vision to the reality. Myx has paid 1 dividend in that time I think. Either way the SP 13 year’s on is below where it started. SR has become wealthy whilst prevailing over this slow moving train wreck. Retails have no power other than to sell out and take their generic medicine and move on to other more lucrative opportunities. Myer is another classic case of wealth destruction. Starts out around $3.90 now around 20 cents. The promises will continue because that’s what keeps SR wealthy at the expense of SH’s allowing their wealth to be destroyed. At the end of the day when you’re not happy with the CEO you vote with your feet because that’s all you can do! Myring was targeted for release in 2019 and Myx has been working on getting this generic to market since 2017!!!! That doesn’t exactly encourage confidence and rightly so. If they can’t get a generic over the line in a timely fashion then who knows what will happen with E4. Either way expect a brief relief rally on Myring approval if they can even manage an approval followed by a predictable thud as retails scramble to get away from the wealth destruction. Personally I’m extremely sceptical about E4’s ability to get Myx out of its Teva induced mess. Reality is few are interested in Myx including brokers. Traders will trade and LT holders will hold not wanting to liquidate their massive losses. To do so is to admit getting it wrong.
MYX Price at posting:
33.0¢ Sentiment: None Disclosure: Not Held
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