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.
MYX Price at posting:
$3.95 Sentiment: Hold Disclosure: Held
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