CorMedix Inc (CRMD)

[Lazerking40]

My quick take on yesterday's call:

Perfect call for institutions IMO. Retail hears a year before NDA, tutes hear very high likelihood of success with no need to raise capital.

No comparison whatsoever, but think Tesla or Beyond meat. Yes they have revenue, but they loose cash consistently. Tutes are heavy here cause they know (or have a great expectation anyway) that the future is bright. When do the huge drops happen.....capital raises. Tutes are going to be more than happy to let retail panic, day traders do their thing, and let shorts play while they steadily accumulate. I really believe we are heading into a new territory in the next 6-9 months (maybe sooner) when tutes will determine the stock volatility and not retail. Does that mean we get rich today or tomorrow...no. The PPS can go way up or way down....if I had to guess, I would bet it will do both at some point. Perfect for day traders..... that's just not my game and I won't try to guess near term fluctuations.

But what I do think.
1. CRMD is highly confident, that is obvious.
2. Why the little anecdote about bringing in a more experienced, BF type player to partner with oncology? I think they have a plan in process.
3. My valuation has only increased. Just the 40M hd locks is huge.

I am, have been, and remain bullish. Everything above are my opinions only. Notice I said "think or believe" a lot as I don't know anything!!!

Good luck all!