Couldbebetter - Nice to hear from you! Just wanted to pop in. I told myself I was done with these boards, but had to quickly check in and let the few who were cordial know I am still here. I am still very bullish and think we have only touched the tip of the iceberg in my honest opinion. As far as a deal already in place, I honestly have no idea. Reading between the lines, I see a ton of indicators that would lead me to believe things are lining up for…..something? I hate to speculate cause it could be a buyout, a partnership, or they go alone. I really don’t know except that they have been very clear that they don’t want to go alone. I just hope it isn’t a bad partnership deal that has a small pop, but we never see the real upside (just my opinion) - a good partnership deal is fine, just not a bad one. A few thoughts on current events:
Insider buys are a great sign. A significant number of buys in Q4. Not awards, purchases with their own money.
The Elliot financing deal. This was not the best financing deal in the world, but not horrible either. It seemed to me almost like rewarding Elliot for being there for so long while also raising much needed funds to help out the balance sheet.
Institutional ownership keeps rising and I anticipate it will.
To wrap up 1,2, & 3 - follow the smart money!
Most won’t like this one, but like it or not, these nanocap biotechs raise money by selling shares and I always assume they need them all just to be sure I don’t get burned. I was a little nervous in their ability to get to this point with what was on the shelf, but looks like we are in pretty good shape as of right now.
Over the past 12 months, Liz and Paul have shown to be outstanding additions. Not sure when you entered, but I wish they were here prior as I rode CRMD from .75 down to .175 before bouncing back. They have a good team with a lot of connections. Upper mgmt still hasn’t earned by trust, but the team they built has.
The FDA has repeatedly said that they are focused on finding and quickly approving drugs in the infection arena. Listen, this is the FDA, so nothing is fast - ever, but this is a good indicator that we may get a break or two if the Neutrolin results are as good as we all assume
I just think everything is lining up pretty good. With that said, and I don’t want to start a political debate, but they gotta get the government open or that may be an unanticipated delay if we can’t have recurring communication and meetings. Just a couple quick opinions on recent events. I am still very bullish! Everything above is just my opinion and I am not a professional! I am not going to post much, but I will check in. If you ever have a question or want my foolish opinions, feel free to reply to any of my posts. Enough rambling from me! Good luck to everyone whether you own 1 share or a million shares!
