CorMedix Inc (CRMD)

[Lazerking40]

Not really surprised. Being a long time holder, it was pretty obvious a raise of some kind was coming. Sure they had cash on hand to get to Q2 2021 or whatever it was they said on their last call, but they all say that and you can't run the bank account to zero. Timing of the offering is somewhat unknown, but I think relatively soon and is definitely up for debate regarding what timeline is best. Do it after FDA approval and kill momentum putting shorts in the driver's seat, or right before FDA approval, take the 20%-25% hit to 5 or even 4.75, allow the shorts to load up, then announce FDA approval, get your bounce with the added bonus of a short squeeze. And maybe drive it to 7.5 or 8.... maybe higher if a squeeze does happen? I don't have a clue what they are thinking, but at least this isn't an Elliot sweetheart deal or a double warrant laden crap deal from what I can see. This does feel a little different than past raises and I for one am hopeful.....not bullish enough to recommend a buy, but bullish enough to hold and possibly buy more........And no, I am not an apologist for this company or management, just trying to understand leaving emotion on the sidelines. Good luck!