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Hey guys! Hope all is going well! Haven't posted much cause I haven't seen much to post about as if late. Still trading kinda funny. Not a lot of buying or selling. It seems like a good short, but counter to history, not seeing a lot of shorting. It also doesn't seem like there is a ton of support, but someone is keeping it at these levels so support is coming from somewhere. I am just watching and waiting for my Spidey senses to go off which they haven't yet. If/when something is coming, I am certain we will see it before hand in the trading activity. Usually for at least 2 days. Just wish we could see someone take an interest..... even SK. An insider direct purchase at the market by SK (or any insider) would drive the PPS much higher. Someone other than retail needs to show a bullish sentiment and an insider buy would do just that. Does SK not believe in his own company....I don't think he has ever bought a share with his own money? Well, that's about it for now. Good luck!
I am sure he is referring to secondary endpoints, all of which have not yet been scrubbed and disclosed. And I also expect these results to be positive and further confirm the safety and efficacy of Neutrolin which IMO will aid in a FDA go ahead on an NDA filing. Just my opinion. Good luck!
It's always good for exposure, but I don't get to excited about those. Don't get me wrong, I am glad they are attending - I just don't get to wrapped up in these conferences. Very little if anything usually comes out if them. Good luck!
Not to sound bearish, but today's PR is not going to do it....if anything, may cause more harm than good. It's the third PR from the company talking about how awesome it is. Gets retail a little excited but gives Sabby and others opportunity. We need a PR with someone else backing the company, not from CYTRX about CYTRX. Could be any of the following: 1. Strategic transaction, acquisition, BO, or partnership. 2. Activist or passive investment from a reputable hedge fund. 3. Initiation of Analyst coverage by a reputable firm (not HC Wainwright, Roth Capital, or other small timer) with a high dollar PPS forecast. Just my opinion....but we need someone to validate CYTRX equities to get some kind of real movement. Good things are still gonna come.....I am relatively sure of that. All my opinions only! Good luck to all! I could be totally wrong and I will keep monitoring....just my thoughts on today's PR.
Yeah, I have some CYTR March calls that will surly expire. Not many as I have been focused on June and September. Hopefully something happens over the next couple months. I am holding pat with my current position until I see something that perks my Spidey senses.....I would even pay a little higher Premium if I saw 2 big volume days in a row on no news with some Market buys as opposed to all the limit buys we see now. Current volume says nothing near term, but that could all change overnight. And don't forget, I need a decent PPS to break even on my total losses. I just recently got back in the CYTR game, but suffered over 2 years before selling and waiting for the bottom. I am not as in bad as shape as most longs, but just cause the losses are off the books doesn't mean they are forgotten : ). Good things come to those who wait.....as you like to say, SOONer or LADR, something good is going to happen! Good luck!
One other thing since you dabble in options. I am taking a shot at Ford June $10 calls.....about $1.5 out of the money. Got them at $.07. They are at 9.5 p/e and I figure any positive China or Euro news over the next few month will let me double my money....nothing is for sure, but while we wait for CYTRX to make us some money, I am hoping to get a few other winners. Come on KMAN, we don't need $50....we will be plenty happy with $25!! Good luck!
You had a lot wrapped up in that post....LOL! You live in West TN? I lived in Nashville for about 5 years! I do my drinking on the beach now....been in FL about 6 years! I do monitor the Twits, but never post their. Because of their nonsense I quit posting in total for a long time. Now I only post on boards with good and sensible people, and you and Rodin seem like pretty good people to me. My prior posts seem a little bearish, but they are not. CYTRX has what 41ishM or so AS ( not OS). No way this should be less than 6.60.....should be more like $10 easy.....they just got to get the PPS up before a deal is struck. And I am tired of the twits patent banter. This is OTC type conversation. I have no doubt all the patents are or will be in order. Good luck to you and everyone else. All just my opinions!!
That is for sure. I just feel like everyone is stuck on some kind of SOON transactions or BP purchase and not expanding possible future expectations. Generally, what retail thinks, the opposite happens. Retail makes the mistake of using common sense.....I try to take a different approach and think about how the company has been positioning itself and why.....thus, my theory. If any happen we should win. But a lot of ifs!!!! All just opinions. Good luck!
Institutions drive the bus and retail is just along for the ride...LOL. Some kind of negotiated transaction occurred imo.
IF, and it's a big IF, a RM occurs, the return shareholders would see would come down to how much each company is valued when the RM occurs. So, CYTR needs to either bring cash on the books, or assets to the table. Future milestones and royalties will probably not be calculated into the original determination of CYTRX value cause it's not guaranteed. Big if, but IF a milestone of say $100M was paid, that would be huge cause it immediately bring more value to the CYTRX side. That alone adds about $2.5 per share increase in value on top of valuation. Either way, I still hope I am wrong and BP buys us for a billion....just trying to look at it sideways a little. Good luck!
I don't disagree, but I maybe see it a little different. Soon basically now has Aldox. Sure he would have to pay some Royalties and milestones if it works, but that is biotech 101, and doesn't imo mean SOON will pay a premium for the 10% he doesn't own. The only way I see SOON wanting the company is if Aldox does so well that it proves the linker works and could be utilized with other legacy cemo treatments. If that was the case, each new cemo + Linker treatment would need to go through the rigorous FDA approval process. That costs a lot of money to develop, has a lot of risk, and reduces the premium CYTR may receive for the technology. My opinion, and it is just an opinion, is that CYTRX business dealings with SOON started with and end with Aldox license agreement. I think CYTR has put it's 2 drugs in the hands of others, spun off its remaining assets into a private company, closed up their lab, and put themselves into position for a reverse merger. After the merger, LADR is packaged nicely for the new company to either develop or sell off. This is just my opinion, and it's not a negative one. This would still present big upside.... it's just not the common bullish speculation we see on other boards. Good luck to all! Good things are going to happen at some point!
I think a reverse merger is very likely, but not with Soon. I think all the moves over the past year set up for a reverse merger with a small private biotech. CYTR has completed isolated itself for such a move.....almost like creating a shell company. I don't think Soon would do that though cause he likes money and would want all the proceeds from an IPO. I am not saying any of this is bad....quite the contrary. The company is in position for a major transaction of some kind. I just see it with someone else. I could be totally wrong and I am just speculating here. Upside soon, but probably not from where most expect it. Good luck!
Yeah, I think you are right. Plus, we haven't seen any trading indication of a major news release over the past few days. There is no way, if a major transaction was to occur, that there wouldn't be a leak a few days prior. Volume should be in the couple millions for at least a few days before news break. But, it's always good have high hopes! If you shoot for the stars, you should at least hit the sky! Good luck to you and all CYTR holders!
Could be anything, maybe Roth is just trying to sell their services, maybe Roth has some investors line up....really to hard to tell. Everyone goes right to either capital raise or aquisition talks. But if I had to guess, I would think it is just a meeting about services offered and what they could bring to the table......It's really hard to come to any kind of concusion since we can't even verify if the meeting is actually happening. Just my opinion, but I am not really worried about it just yet. I agree, I don't see a need to raise capital in the near term, especially with the significant expense savings from trial wrap up. Are they running on a low tank of gas - yes.....is it really expensive to file an NDA - yes. I just don't see how now is the time. Capital concerns, if there are any, should come to light on the 14th. Just my opinions - Good luck to you!
You got your date. Earnings 3/14.
Yeah, CRMD is so volatile right now I hardly get excited for ups it downs. Like CYTR, we are all waiting for the BIG news. Today is my ASAP day! Come on....drop some PM news!
LOL!
My guess. Close at .7461. Let's see how my ESP is working....LOL!
Yeah, we need a little action to get that PPS up a bit. The good news, doesn't look like many sellers.....the bad news, doesn't look like many buyers! Time will tell......and patience is a virtue! Good luck!
Yeah, options can be good and options can be bad. If I was giving advice, I'd probably recommend to stay away from CYTR options. The lack of tute interest makes it difficult to get much action if you intend to trade them or if you try to unload and reposition. For the most part, I see people selling calls and puts to hedge current positions.....easy to buy, hard to sell. But I never take my own advice. I do believe the company is positioned for some kind of acquisition or strategic transaction....all is in line except a fair value PPS to base the transaction premium on. Just my opinions.....Good luck to all!
So it just hit me...my original ASAP date was March 7, not March 8. Guess I got one day! Just wanted to be honest! I am not changing.... Well at least not unless nothing happens tomorrow! Good luck!
I can only use my powers sparingly or it takes away from my life force. I reserve my powers only for fighting the worlds most powerful villains. Sorry guys!
They will announce it when ready. I would guess it will be on 3/13,14,15,or 18. But what do I know....LOL
Etrade says 3/18. But I haven't seen anything official yet.
Yeah, those March 2.5 calls don't look good if your still holding. The core investment is still solid in my opinion and as far as the option market is concerned, the added future strikes definitly give us more options. I still like where we are, but I don't see a lot of catalysts, outside of a suprise BO or partnership, until late April. There is some language in the Elliot transaction that peaked my interest - though I am not sure what exactly to make of it. It has an automatic conversion date of 4/30 for their unbeneficially owned equities, which is why I am looking at April for a possible catalyst. If this would occur, it would put them well above their agreed upon 9.99% max beneficial ownership level. Obviously, this could all change with an amendment to their current deal, but I just wonder what is important about that date. Regardless, I am holding strong and nothing in my mind has changed with my personal bullish outlook. Good luck buddy! Only my speculative opinions! Good luck to all!
For what it's worth, I have been buying up cheap calls cause I do think something positive is brewing. But history does worry me cause like you, I have been shorted to death with CYTR over the years. My scary scenerio is that they slowly prop up the price, get retail excited even if just for a few cents, and slowly accumulate a short position all while propping it up. Due to low volume, they have a long time before shares are due so they can hold onto their borrowed shares for a very long time. When ready, drop the floor and engage stop losses. I hate thinking like this but it is good to know the risk. My money is betting on the opposite to occur. I do think the end is bear for CYTRX and I think your average is in fine shape for a solid return. Sorry to send some negative overtones....I am only hoping for the best. This should be a min $10 BO. But I am in business and negotiate deals a lot....just can't see anyone paying that kind of premium on anything. Hopefully the PPS keeps gaining so all longs can get what they deserve! To get paid! Just my opinions. Good luck to all!
My whereabouts are pretty easy to figure out. I am either working, working around the house and raising my kids, or sipping on some Irish whiskey waiting for bed.....lol Like a clock!
Regarding CRMD, I have a core position I am not letting go for a while. Not to discuss another stock too much in this board, but I have done more DD on this company than any other in my portfolio and I personally think it will be a ridiculous payoff. For now, I am very comfortable as current volatility was expected.
Regarding CYTRX, I really have no idea. But I do think the PPS is being supported with some kind if motive. Let's see if they keep raising the floor. Seems it's either setting up for a massive short or building a negotiated floor to base a premium on for some kind if strategic transaction.....but what do I know? I think my day for ASAP was 3/8? I think? I am rooting for all CYTR longs!!! Good luck guys!
Still here, just don't post much anymore. PPS action has been very odd. Hard to explain. Unlike it past, they seem to be bookmarking a mark they don't want it to go below and are kinda propping it up. At the same time, they aren't necessarily letting it run either.....then again, not a lot of buying pressure but still.... Regardless, they have been steadily increasing that bookmark. It's now at .735 from what I can tell. The bookmark also seems to be by someone trading on the AMEX exchange which doesn't mean much since it is used by retail and tutes. Very interesting but I am not going to try to come up with a speculative theory cause it could be good or bad...just pointing out what I am seeing. Just my opinions above. Good luck to all!
It certainly does look like institution money. I am sure they all just got a hunch that something good is coming. They wouldn't have inside information cause that wouldn't be right.....right? I mean maybe they get lucky, but surely they don't know something retail investors don't already know.......just having fun! Good luck to all CRMDers!
Yeah, sorry about that....but If my timeline is right.....you may get close to expiration but still make out. You would just have the pain of watching the price drop. I hope we all make out! Good luck!
Well there goes the conspiracy theory! LOL
If my timeline is right, and it almost NEVER is, I am waiting for time decay to eat into the March 15 calls. If we get to the end of February and the 2.5's fall to .05 I will be all over it. Maybe even at .10. I am thinking end of Feb, beginning of March for FDA news ...then again, as I stated, I am almost never right! Good luck all! If you can get Feb at .03, it's risky, but not a huge bet for possible big return. All just my opinions, good luck to all!
IF a BO happens, I kinda hope it occurs after an FDA go ahead is announced instead of all at once. It's hard to know what kind of premium to the current PPS a BO would have as I have seen anything from 50%-400%. My uneducated case would be to assume a decent premium of around 150%. If occurs quick, we get that premium on a MC of around $200M. If we get FDA news, it could push us closer to a MC of $500M. Then if BO announced, would get a Premium based off that number. I really have no idea, just throwing numbers around. But that's a huge swing. Good luck buddy!
Well, as far as the lawsuit, I think it's not likely to get a ruling near term. The German case is a tough nut to crack. In my opinion, and I am not a professional or anything, best results of a favorable outcome is after a possible BO to a BP player who has the capital resources to fully pursue. Just my opinion.
As far as a board member, let the speculation begin! Will it be someone with NDA expertise to help Cormedix with filing? Are they leaving it open as part of strategic partnership to allow BP to fill as part of new deal? Is there a BO on the table so no need to fill for a short period of time? My guess is that it will get filled and who fills it is a big piece of the puzzle! All just my opinions! Good luck!
There are always new investors my friend! But to your point, I do think a larger portion of the float is in strong hands right now. Ultimately, Institutions drive the PPS. Retail is just along for the ride. If we get positive FDA news it should be a fun one. Still think we hear something early March - possibly end of February....but honestly just guessing. Another big catalyst is who gets that board position! Good luck to all!
Thanks for not immediately blasting me as a bear. I really like the open and cordial conversation you and Rodin offer. I think you are dead on with your assessment. With someone like Sabby involved (and I am assuming here but we've all seen it), they tend to immediately short these quick pops and shake retail quick. While the PPS has and continues to suffer, at this point, the news is still good and offers added incentive to a possible BO. Maybe we get lucky and a tute or two with stronger hands picked up some of those .60+ shares. Good luck. All of the above are just my opinions and my final opinion is that the end is near. Conspiracy theory:. It is a quiet period, but SEC requires this kind of info to be made public. Insiders are using this info which is relatively insignificant to buy up cheap shares for the big return. They are pretending to buy up shares on this news, but in reality, are just using it as an pawn to buy up because of the big BO coming! We can all hope right! Good luck!
This is where I get in trouble on other boards, which is why I basically quit posting.....but here goes and please know I am hoping for a huge payday here. Not being a bear, but today's news is the kind of news MM's love to play with, especially someone like Sabby. I wouldn't be surprised if if closes below .6 today. No worries cause it doesn't hurt our long term goals, I just keep my expectations tempered with news like this. Sincerely, I hope you are right, but my guess is we close under .6 or with a Max 5% gain from yesterday's close. I would be more suprised to close at .7 than if we closed lower than yesterday's close. Good luck!
Yeah I watch all my positions pretty close. This helps and adds some value, however, I don't think retail investors will be happy with where it ends today. Your statement is very accurate. This adds value to the real deal coming which is hopeful BO based primarily on the value of LADR technology. Good luck!
I personally do think we hear something FDA related before then, though I don't disagree with your strategy. I also own some March calls myself. Good luck buddy!
Things are looking good in my opinion. Really comes down to what the FDA has to say. They can sometimes throw a wrench into the gears, but with a p value of (I think it was) .0006. I mean come on.....how can we not get at least a hemo approval. All in good time my friend. Just my opinion. Good luck to you and all other CRMD stakeholders!