Contrafect Corp (CFRX)

[TheFinalCD]

1.60 BACK TO 2.23 AFTER HITTING ALMOST $3

[TheFinalCD]

almost $3 https://finviz.com/quote.ashx?t=CFRX&ty=c&ta=1&p=d

[NorthTrail]

Where earnings?
Where trial 3?

[Eagle909]

What CC...10,000,000 funding....

[Eagle909]

They found the bottom for now, I agree something up..

[NorthTrail]

I think CC in a week or so re 3rd trial of their anti-bacterial. I'm not an expert. GLTA.

[NorthTrail]

I will be too after reading some literature this afternoon. IMO

[BooDog]

lmao. Yea, reverse splits screw up the charts big time.

[AKATITUS]

Added more. Think it will gooo

[NorthTrail]

Correction:
Actually, share price was over $1000 for a time in 2020 per E-Trade.
IMO
GL

[NorthTrail]

Correction: upon closer inquiry, CFO didn't buy common stock, but acquired (was granted?) 25,000 options to do so, at $5, earlier this Feb.
Possibly he's granted some each year He acquired a lot more -160,000 - at lower price $3.30 last Feb.
Neither good nor bad I'd say.
Still got my shares. May try to learn more about their pharma. IMO.
GL all

[PennyPusher786]

Lol share offering

[PennyPusher786]

For sure... lucky i got out 5.30s lol... it dipped pretty bad from the peak

[TheFinalCD]

CRAZY VOLUME IF THE FLOAT LISTED HERE IS EVEN CLOSE TO BEING ACCURATE
https://finviz.com/quote.ashx?t=CFRX&p=d

[PennyPusher786]

See, bait and rug pull when the Bid Loads up.... i got it 5.30s... had to wait the whole damn day though

[PennyPusher786]

Probably, likely by end of day if it does happen. If it truly has the share structure which it shows, then 100-200k shares makes it move judging by today .20 - .30 cents... but that volume is institutional volume that's why it nearly stopped at 11am... we shall see

[PennyPusher786]

Hahaha.... dimwit which doesn't understand economics.... You do realize IHUB doesn't instigate buying or selling, you're literally either showing opportunities or screwing a small number of investors... a Nasdaq ticker runs or drops irrespective of my comments or yours...

Quit misleading people... a rug pull is a rug pull, a bait and trap is clear to see... even the run to 5.30s was short-lived for 1 minute... Bait and Trap.

[AKATITUS]

Yea looks good to me. They'll take it up,
just a waiting game.

[NorthTrail]

I meant the CFO bought $100k worth of shares

[NorthTrail]

They have a conference coming in q1 re one of their drugs in r&d.
Supposedly.
Hey, the CFO just bought 100k worth of shares. Thumbs up.
GL

[NorthTrail]

Haha

Stfu

Lol

[PennyPusher786]

Lol 500k floater my a$$ 23 million volume says otherwise.... 500k shares traded would put this over $100

[PennyPusher786]

Lol see, bait and rug pull...

Anyone who followed anyone in in here should make a reassessment of who they follow... the whole market is bait and rug pulls due to shorts

[PennyPusher786]

Only runs when they let it run, it dumps when they want it to dump and when there's no volume, it trades neutral....

Signs of a bait and rug pull.... meaning when the Bid builds up, you'll see another dump and if the bid doesn't build up, institutions will let it fly until it does within a controlled range of 5.20-5.50....

Obvious

[PennyPusher786]

I wonder if this is another bait and rug puller

[PennyPusher786]

Looks like it's building up for a $6 break soon

[AKATITUS]

Me to.

[PennyPusher786]

2020 and 2021 h as no bearing on future performances.... There was a few flow of trillions in cash pumping the markets, companies buying up their own shares, retail buying the fomo

[NorthTrail]

Chart says it hit 850 in 2020 IMO.
I bought a 1000 shares. GL

[glens0]

Not sure may have just been a pump. I got an alert this morning at 4.24 to buy

[NorthTrail]

Tweets claim there's a new 4 filing but appears that was earlier in Feb;, when
CFO bought 25000 shares I think

[drkazmd65]

Was their positive news? If so - I haven't seen it.

[NorthTrail]

Wonder of any of it's drugs have promise

[glens0]

Going up tooo fast

[NorthTrail]

Why halted?

[glens0]

500K float Up over 5.00

[MD3]

Looks like they'll execute an RS next week should they approve it at the meeting this week.

[sblzng]

CFRX Hit bottom of .0586 2 days ago.Up from there IMO

[sblzng]

CFRX Hit bottom of .0586 2 days ago.Up from there IMO

[BooDog]

I'm thinking we're waiting on news that they'll be granted an extension.

Just my WAG.

[NorthTrail]

Why isn't trading suspended as of today as suggested it would be by the info in this post? Imo

[Triple nickle]

Diluted pig I wouldn’t

[kzivann]

Presents wrapped with green paper!
Sold 30K shares pre. Holding a tiny amount.

CFRX

[harry crumb]

Mayb a big mover

[CarlCarlMcB]

$$$$$$$$$$Merry Christmas $$$$$$$$$$$$

[kzivann]

Partial bid fill premarket. R/S soon. When?

CFRX

[BooDog]

Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

As previously disclosed, on November 22, 2022, ContraFect Corporation (the “Company”) received a letter (the “Nasdaq Staff Deficiency Letter”) from The Nasdaq Stock Market LLC (“Nasdaq”) indicating that the Company’s stockholders’ equity as reported in its Quarterly Report on Form 10-Q for the period ended September 30, 2022 (the “Form 10-Q”), did not satisfy the continued listing requirement under Nasdaq Listing Rule 5550(b)(1) for the Nasdaq Capital Market, which requires that a listed company’s stockholders’ equity be at least $2.5 million. As reported on its Form 10-Q, the Company’s stockholders’ equity as of September 30, 2022 was approximately $(3.1) million. The Company is also not currently in compliance with the Nasdaq continued listing requirement that the Company maintain a bid price for the Company’s common stock of above $1.00 per share (the “Bid Price Requirement”). Subsequent to the receipt of the Nasdaq Staff Deficiency Letter, and prior to the deadline set forth in such letter, the Company submitted a plan to regain compliance with Nasdaq Listing Rule 5550(b)(1) to Nasdaq.

On January 20, 2023, the Nasdaq staff (“Staff”) informed the Company that the Staff had determined to deny the Company’s request for continued listing on the Nasdaq Capital Market (the “Staff Determination”) and that, unless the Company requests an appeal of such determination, trading of the Company’s common stock will be suspended at the opening of business on January 31, 2023 and a Form 25-NSE will be filed with the Securities and Exchange Commission (the “SEC”), which will remove the Company’s securities from listing and registration on the Nasdaq Capital Market. In reaching its decision, the Staff indicated that its determination was based on concerns that the Company’s ability to raise additional capital through the exercise of recently issued warrants to purchase the Company’s common stock or other capital raising transactions, in order to cure the Company’s non-compliance with Nasdaq Listing Rule 5550(b)(1), were not within the Company’s control and such funds may be insufficient to sustain compliance over the long term.

The Company intends to request a hearing before a Nasdaq Hearings Panel (“Panel”) to appeal the Staff Determination. The Staff Determination letter indicates that the Company’s hearing request will stay the suspension of trading and delisting of the Company’s common stock pending the conclusion of the hearing process. Consequently, the Company’s common stock will remain listed on the Nasdaq Capital Market at least until the Panel renders a decision following the hearing. There can be no assurance that the Panel’s decision will grant the Company’s request for continued listing on The Nasdaq Capital Market.

The Company continues to evaluate various alternative courses of action to regain compliance with the Nasdaq Capital Market listing requirements. However, there can be no assurance that the Company will be able to satisfy the Nasdaq Capital Market’s continued listing requirements, regain compliance with the minimum stockholders’ equity requirement or the Bid Price Requirement, or maintain compliance with the other listing requirements.

https://ih.advfn.com/stock-market/NASDAQ/contrafect-CFRX/stock-news/90071670/current-report-filing-8-k

Down 25% PM.

This will be interesting to watch.

[TrendTrade2016]

PPS DROP....LMAO

[TrendTrade2016]

need to study more lol

[BJ-Trader]

Great job! Some of them are here simply to follow other people’s trade, they don’t have any idea how to conduct proper DYOR, but we do and we know what’s coming. These big institutions don’t invest in trash, but they invest because they have done their research.