MYX mayne pharma group limited

aruc , I can understand your logic bylooking at bottom line...

  1. 1,523 Posts.
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    aruc , I can understand your logic by
    looking at bottom line results. I don’t pretend
    to enjoy my continual criticism of Board.and
    CEO. I must disagree with you regarding years
    to turn around. 95% of staff at Mayne are
    probably oK. Doing their job well to best of
    their ability. The B.O.D. and CEO with Nepotism flooding Senior Executives all
    if long-standing brotherhood that is my concern.
    Their control and influence to the detriment
    of shareholders has become all to obvious.
    The bulk of Bottom line losses in recent years
    has been writedowns of Teva acquisitions.
    Why it was only last year Richards was spruking
    8 product approvals in past year. We’re Forthcoming. We heard no more . Why ??
    Obviously they ceased GX Approvals because
    they were not profitable. The overhead Scientific
    RandD and approvals are tremendously costly.
    This type of leadership has been happening
    for years under Richards.He has surrounded
    himself with past friends and associates, people
    who are average but loyal and beholdn to him.
    The current Board and Senior management
    have been well cared for by Mayne. Believe
    Me. A New Broom with authority could turn
    this Company around in quick time. The ingredients and front line staff are there. Just
    get rid of current leadership.
 
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