CorMedix Inc (CRMD)

[Lazerking40]

My opinion, the end game started LY with the backstop. My personal opinion on everything
1. Going back, Elliot has invested millions with no return.
2. Elliot knows potential and doesn't want to give up the potential, but is getting frustrated and puts there guy in to oversee what the hell is going on.
3. In 2017 we finally figured out what was wrong with the trial and found CRO not properly following up and gathering info. Elliot sees 2018 as THE YEAR at that point.
4. Elliot now sees buyout coming....company needs money, and Elliot wants to increase ownership and lower their average.
5. Q4 2017 Elliot basically forces backstop agreement with series F convertible shares with a March 31 close pps exercise price less 10%.
6. Elliot (I hate to say this, but...) works with buddies to drive PPS down to nothing.
7. Instead of series F converting in .60's they not convert at .165. Instead of 3M shares, they got 13M at .16.
8. Elliot is now over 20% ownership at a low PPS. (Can only claim 10% beneficially) and they own something like 6-7M warrants.
10. Elliot loaded up for the 2018 payday.
11. I don't think Elliot wants a PO cause it would dilute their position....if money is needed, I predict DO to Elliot for more.
12. Now loaded, Elliot is waiting for final FDA and a 1B+ BO.
13. All just my opinions and spouting nothing but speculation.

Good luck to you!