CorMedix Inc (CRMD)

[Rapture2020]

Eject sequence initiated in early August. Now an NDA decision not until second half of 2020? WAFJ. I made a killing on this since April 2018, but call options were terrible, lol.

There is no secret buyer, IMO; Elliot continues to enrich themselves; and no NDA decision for at least another 9 months??? The opportunity cost for parking money here for all that time? No thanks.

I wouldn’t at all be surprised if CRMD has another offering or fires up the ATM in Jan-Feb 2020. Absent a partnership or buyout (not likely, IMO) I could see this settling in at $2.50-$3.00 for the long winter nap.

Given the urgent need of a drug to combat hospital catheter infections, I’m starting to wonder out loud if the FDA is double, triple, and quadruple checking the data, given the insanely high P value—particularly after the CRO catastrophe.

I have a small position so I hope I’m wrong. For now, on to greener pastures. I’ll likely take another look in the spring of 2020.

Good luck Janey!