CorMedix Inc (CRMD)

[Lazerking40]

Thanks and I appreciate the feedback. Don't blame you for being on sidelines, but keeping and eye on CRMD. While I am not a pumper who thinks a BO or partner or FDA feedback is going to happen tomorrow, given the current state of affairs, I wouldn't be surprised if a deal happened soon and could provide you with a reason to enter, unfortunately, if that happened soon, would most likely be a bad deal that wouldn't provide Max value - but could still be good. They already have an active money banks investor in Elliot who has taken a lot of control including appointing board members and inserting "their guys" to oversee management. The problem is that while they have provided significant funding, it has been to their advantage as opposed to all shareholder advantage. Check out what happened with that $2M backstop series F stock purchase Elliot did in 11/17 and the subsequent damage it did to the stock price due to the 3/31/18 conversion date. With that said, Elliot does provide at least a "money guy" that CRMD has while negotiating deals.....and my guess is any deals being negotiated will have a seat in the room for an Elliot representative. Man, I could go in, but gotta get to work. I do agree with most of your comments, but I fear a partnership more than an RS to be honest with you.....not that I think it would be bad, but I fear some kind if milestone based payments with low royalties basically leaving us in the same place we are right now. No money, a less definitive timeline, and the loss of Neutrolin control. I can go on later if you'd like. Still long, still bullish! Good luck buddy!