CorMedix Inc (CRMD)

[Rapture2020]

CRMD has (I believe) the magic elixir, but getting from point A to point B is the $64,000 question.

We’re all familiar with the unknowns: will FDA require 2nd Phase 3; when is data unblinded; financing; go it alone, partnership, BO, etc.

To this end, I sold my entire position. It’s going to take a few months to get this sorted.

I did, however, pick up another 9 March ‘19 call options w/$2.50 strike.

In total, I’ve got 421 contracts and a countdown at 204 days (roughly 6 1/2 months) for CRMD get it sorted.

From an investment perspective, it’s a simple formula: they either get it done or they don’t. As you can see, I’m hedging the former.

Good luck and I’ll be cheering from the sidelines until they call in the big guns or I quietly weep over my St. Patrick’s Day pint.

BOOM.