CorMedix Inc (CRMD)

[Rapture2020]

Khoso goes into the books as a pretty decent sized POS. From the last ER call on the 14th.

“During the fourth quarter of 2018, we continued to judiciously utilize our at-the-market facility, raising approximately $11 million net after commissions at an average price of $1.31 share. We were able to take further advantage of our ATM facility given the significant increase in our stock price during the first quarter of this year, raising an additional $15 million at an average price of $1.78 per share.”

But from an Option holder’s perspective, all 20,356 March $2.5 call options (representing 2,356,0000 shares), never stood a chance. Ever. By utililizing the ATM to raise $26,000,0000 net (after commissions), CRMD literally dumped 16,823,913 shares into the open market over a 5 ½ month period; an avg. rate of 3,058,89 per month.

Why let this market develop when the CEO knew the strike price was a complete joke.


Good luck all. I am still in CRMD but wow, talk about total loss of faith. Hopefully we’ll hear about FDA one of these days.