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Updated January 2020 investors presentation on CRMD website. Not a lot of new data but significant updates. All the big events scheduled 2nd half 2020. Will have to wait for that. I suspect that before then there could be announcements regarding fund raising or potential partnerships. At some point they will probably need more money. How this is handled will have a significant impact on short term share price. Still think long term looks very good.
Bunch of significant milestones coming up in 2020 and any good news from those will send it through the roof. Recent presentations by Kim have begun to get some notice from investors. Look at todays volume , much of which was at the ask price.
CorMedix (NYSEMKT:CRMD) initiated with Buy rating and $15 (129% upside) price target at B. Riley FBR. Shares up 4% premarket.
Spending lot of money on promotion articles. New PR company takes their job seriously and trying to get enough interest to stay over $1.00 share. Probably should have done more of this along the way and maybe we wouldn't be in the fix we are in. This will work for a while but unless they come up with some hard news and $$$contracts we will be back where we were a few months ago. Almost bought some more at .80 a few weeks ago but just couldn't bring myself to do it, been burned so many times in the past. Still hopeful that my remaining shares will be back above my $4.00 buy in average.
Have not heard any news today to justify this. Again, my speculation is that something is in the works. They will need some cash to get through the end of this and product on market. Maybe looking at a partnership or buyout, or some other creative cash raise. This run is just a prelude to when some big favorable tangible news comes out, even more when sales begin and money in the bank.
Moving up on decent volume. My guess is people think something in the works like potential partnership or buyout. Would be logical. No big catalyst expected till mid-late next year. Some kind of speculation is driving it up.
Agreed. Optimism is OK but getting all silly is not. This kind of stuff got everybody in trouble the last several times!
Collaboration doesn't buy squat. How much did collaboration with GE and all the other big names get us in the past. Until money shows, it means nothing.
Did you notice all the new names posting? This has happened before. Investment vultures come in and run up the pps buying and selling to each other and when the leaders make some profits they bail and everybody left holding the bag. This has happened here before and it will return to where it started if not lower. Just a look from my historical perspective. Might be wrong, but seen it before.
This really baffles me, and I am not being sarcastic. How can SGLB look so good on paper but be where we are financially? It just doesn't make sense. You would think someone would have wanted a piece of this company long ago if not a total buyout.
ViperSteve 'Fully expecting commerical sales prior to qtr cc '
Why?
More money down a rathole. If the product doesn't sell itself after all these partnerships and tests over the years, some group of slickie boys are not going to do much good for it either. We have had our own sales guy on the tab for years and see how much good that has done trying to sell and unsellable product. As you can tell I have been here way too long and become completely disillusioned, and for years I was a big supporter. But now this is like watching a train wreck, I can't keep my eyes off of it.
Wouldn't be a surprise if we saw it coming. Lots could happen, massive buyout, big Pharma pays huge premium, partnership, who knows. But nothing really expected till early next year.
According to Q2 transcript FDA meeting in 4Q 2019 to discuss CMC information in prep for preNDA meeting. Probably nothing big released till after that. Probably not much then either. No big news till after the pre NDA meeting early next year.
Reasonably sure no offers have been made because the share price is at .73. If anyone (especially all the partners who tried this stuff out) had any inkling that SGLB could perform or they needed their product there would have been multiple companies making ridiculous offers to get a foothold and beat their competition. Something of that magnitude cannot be kept secret. Also, if you had this great product why would you be willing to keep diluting your shareholdings for a pittance. Just my opinion but seems logical to me.
Unfortunately, if SGLB was worth buying someone would have done it a long time ago. Companies think either the product has no added value, or they can do it for themselves, or some other nonpublic company has a better product. Lots of other possibilities but if this was the one and only solution to this problem a bidding war would have broken out making us all rich, probably years ago.
Windbag - Wow! I have seen and read each and every one of those releases over the years but this is the first time I have seen them all listed together chronologically. This does really reenforce the SGLB lack of credibility. How it it possible to have all this positive news and nothing tangible to show for it over all those years. Not a single significant dollar contract, investment partner or financial success. It is amazing that it has been able to keep it up for so long.
Cormedix enters Exchange Agreement with Elliott Associates
Looks like CRMD is cleaning up the company shares. Might be to make the company more attractive for either a partnership or buyout. Wonder if something is in the works.
Agree Pisd. Multiple companies have had a good look at this stuff (GE, Honeywell, Aerojet, Materialise, just to name a few of many). All had a good look and ultimately passed and made no significant financial commitment. Don't see this Airbus thing turning out any differently unless there is some undisclosed recent advancement not made public. They had to give Airbus a sweet deal to get them to take a look with almost no up front money. Dosent sound like Airbus was really chomping at the bit to get a bite of their technology.
World's largest, fastest, most precise metal 3D printer
https://seekingalpha.com/news/3477136-worlds-largest-fastest-precise-metal-3d-printer
CRMD set to join the Russell 2000 index on July 1. So far in premarket it is a big yawn. Not exactly sure what this means but should at least increase CRMD visibility.
What do you base that statement on?
Maybe, but quarterlies are usually pretty mundane and no big surprises. Those usually come out of the blue when unexpected. By law, significant events must be reported within a few days of occurrence so that makes it difficult to save big announcements for quarterly reports.
You hit the nail on the head. Have heard this sort all before with same results. No movement till this is linked to a sale with $$ amounts. Big ho-hum response on the market today. Keep waiting.
I am afraid you will find lots of competitors today. Many private with no public footprint. SGLB does not have all the smart people in the world. They have taken too long to get to the market and lost their head start advantage. If this was marketable 5 years ago we may have had a chance. Today we probably become an also ran.
Those are some of the least of their offenses over the years. Consistent over selling and underperforming are a lot worse in my mind. Not just once or twice, but EVERY time. From the start it has always been 'just a few more quarters' before the first big sale. We have had uncountable partners, collaberators, etc. from the start for years but nobody puts any money into this thing. This goes way past poor management. Fortunately I got out for the most part a couple of years back so this is mostly academic for me now but still immensely frustrating to see this happen again and again. It will be just a matter of time before they run out of suckers and run out of money and have to finally fold this thing.
“12 to 18 months more of testing”?!?!
They said that 5-6 years ago, maybe longer. They need a new excuse like, 'this shit don't work'!
Objective, not sure how smart it was to hold some but just hated giving up completely.
Threw in most of the towel a couple of years ago but kept just enough to keep it interesting. Would still like to see this amount to something for all the long tortured holders. From past experience I feel like Charlie Brown with Lucy holding the football and still don't have my expectations too high.
Want to play ups and downs, use options. Huge movement on calls. Shorts too much risk, unlimited upside potential loss. Could happen any day, or maybe months on FDA announcement, who knows? Couldn't sleep at night with that over my head.
Catch is to repackage with Printrite and sell a machine it has to work first.
Shares staying down because too many unresolved issues still out there. Legal out come on European patent still hanging. Revenues in September quarterly were up (because of increased Middle East sales) but so were costs. Next quarterly earnings will be critical. We are still a 20 person company with a potential patent but we contract out research and manufacturing. Expenses eat up all the revenue so far. FDA issue still unresolved. Going to be at least a few more months before we hear on that and then even longer till the application is resolved. Long way from significant income and we only have cash in hand for maybe 6 months of operation. At some point we have to raise cash through increased revenues, debt, issue new shares, or get a partner. All, except the first, spell dilution to current holders.
Still holds a lot of promise but many things can still go wrong and throw a wrench in the works. Makes people nervous and holding pps down till some of these things resolved. Thinking about liquidating common shares I hold and replacing them with options out to September hoping things firm up by then. Just my opinion. Would appreciate any additional insight anyone else has to offer.
After being in SGLB all these years I feel like Puddles.
Does this latest news mean that dilution or fundraising of some sort is pending? Is that the reason for the 20% drop? FDA requested additional analysis which will take another few months so no movement will be pending for at least several months and longer for the New Drug Application. Will CRMD need outside funds to get through this? Just trying to understand the negative reaction.
Don't forget Arete too. That worked out well.
How long does it last? Forever. They have been doing this for years with multiple vague announcements. No name, no dollar figures, no results.
What a high level board exchanging insightful and useful information. Sure glad I logged on!
We have seen over the last couple of years these run ups with little or no news. It has always been powered by speculators and scammers taking advantage of the naive. My advice is take your profits now and reinvest (if you still believe in the company) at the coming drop. Just my opinion based on watching this stock for years.
Here is a link about some new GE technology that could possibly have an impact on SGLB. Not a lot of information here about their inspection technology or possible relationship to 3D printing applications but found it interesting.
https://seekingalpha.com/news/3396303-new-ge-turbine-inspection-technology
I still don't regret getting out of here a couple of months ago at .85. Nothing has changed to give me anymore encouragement that this company is going to turn around after years of disappointment. There is no way the Cola 'retirement' can be a good thing. Why would anybody retire after years of developing a company and putting it into a position for success? This company has been on the cusp of success for years, according to their PR's. Guess Cola got tired of it too.