Whlist the scale of the drop has been surprising; it really isn't hard to see why without further (Post Nov 30) guidance. The company would be burning cash hand over fist atm!!
We've paid $140m ++ for three products and some vitamins which have in their last filing showed a decrease (+15%) in revenue (just $us21m) despite having spent us~$20m on sales and marketing! They have been sold as amazing purchases - but they come from a company that was in administration; if they were that good..... (???)
+ Existing royalty upto 15!!!!% + 8% royalty floored at $3m pa (that's potentially 23% taken from REVENUE, not Net Profit!!!) + Milestone payments
Continued revenue streams for MYX after MCS were down +au30%!!
And we spent $50m on Sales and Marketing of Nextstellis for a neg au$44m return.
Have to suggest that if I wasn't already invested in this stock I wouldn't touch it without positive indicators.
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