Has it occurred to you that KP may be stating
his observational and researched facts. I like
yourself was once seduced by glossary of facts.
Believing in past Board and Senior Management
ability to execute potential of products. Failure
after failure whilst the grubs SR and co. accumulated
huge shareholding and being handsomely rewarded
by company. The Board under Corbett and his cohorts
also increased their fees 150% plus whilst at the same
time being completely out of their league in managing
a great Pharmaceutical Company for a decade into
the ground costing shareholders $billions. I assume
KP like myself has been badly shaken financially by those incompetent Aar$#€>¥les. Then after sale of
Metrics new management decided a Capital Return
followed along with a special dividend is best for
shareholders . I for one immediately made my opinion
heard on this forum how stupid ? The only ones to
gain on dividend were late entrant holders. OK they
dropped Cap. Return. Had they not paid SD we now
would not have had to go into debt again another
10% of company virtually given away. I and I believe
KP at the time although terribly disappointed in sale
of Metric said buyback would be best for shareholders
interest instead of SD and CR. What I am alluding to
to is current management appears to have now settled
min and may well be working in shareholder interests.
But beware this company is on a knife edge and senior
management know far more than us as to its future
good or bad . They will look after themselves first.
Take that as a fact. Retail shareholders have a controlling interest in Mayne and unless they are on the
same page can easily be divided.
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4.640 | 1200 | 1 |
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