CorMedix Inc (CRMD)

[Lazerking40]

We are now at 19 days after the completion of source verification. We should have DSMB results soon, but by July 31 for sure. Very hard to imagine bad results as Neutrolin has tested extremely well in prior tests and is already approved in Europe. These are very exciting times. Yes there are cash concerns, but company is delaying major expenses and halting other pipeline products until results are published. From a capital need perspective, don't forget about the ongoing negotiations with the CRO. The CRO really messed up this trial resulting in major delays and destruction of company value. This CRO is a major player and runs trials for all the big players....they have deep pockets and will not want the bad mark on their record. CRMD may get a settlement that could solve the majority of short term capital needs. This is all just my opinion, but if everything falls into place - Trial halt for efficacy, big cash settlement from CRO, medical device pipeline back to trials.....this could really be a huge month and the start of a great future! Of course there are risks - CRO negotiations could end in a legnthy expensive trial, results could be poor (unlikely), all of which could end in a RS with big PO.....but it seems like the risk is actually less than 30 days ago and the upside is better than 30 days or so. Good luck to all. Gonna be an interesting July for sure.