On a personal note I have been bought out of retirement to work with a company I had previously worked with. They are in process of taking over another company. The other company has been losing money year after year. Now we obviously are not intending to do the same. Part of my brief is to set us up to be profitable. This entails selecting staff vital and with right qualifications who are existing. They will be required to reapply because I will have dismissed the vast majority. This will happen in all areas. Administration / Logistics / Sales & Marketing. The Board members are required to purchase shares on market. Salaries will definitely be reduced considerably to some senior managers and supervisors. Their previous gross earnings will be attainable and increases possibly with production aligned. That is in simple terms. This S will be done before years end.
MYX Price at posting:
$4.52 Sentiment: Hold Disclosure: Held
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