Contrafect Corp (CFRX)

[spiky]

HDG,

I do agree that the the recent events is suspicious. My read on Pomerantz is he is very cautious and that he might consider a raise before futility results. I did the following gamble in case this event might happen.

I picked up some July 5 call options a few weeks ago. They were sitting at .20-.30 cents. It was weird that the IV on the July options were so small considering that futility in July was a known event. In the last week the options for July 2.5 puts had a massive bet for 6k at .50. The July calls started trending up a few days after these trades. And the last day or two the July calls shot through the roof.

If dilution happens before futility I would suspect the price to be brought around 6-7 and then sell at a lower price as what happened back in 2021. What are you expecting the market cap to be on a go futility result? You still plan to add before futility or after?

Regards,
Spiky