Evofem Biosciences Inc (EVFM)

[JPowellBrrrr]

I emailed the CEO and asked about the situation. You can do the same as she replied within an hour yesterday. According to her the approval of the sale of her shares were approved by the board *months* ago. The timing of it really sucks but I think everyone expected the stock to be in the 4-5 dollar range post launch and then no one would of batted an eye for selling a chunk of her shares after a run up like that. IMO hopefully the worst is over and at least if you believe in the company it’s an unreal buying opportunity... they have a q cash burn of 20-25 mil and over 120m in cash on hand so don’t have to worry about that, and the current mkt cap is like 160m... with 120+m cash on hand.

Just my opinion, in no way financial advise (I only have a small position) but like I said if investors believe in this company once the price action bottoms out and the bears are done it’s a nice entry.


Oh and the CEO has 1.2m shares in options...