Replies to post #290 on KORU Medical Systems Inc (KRMD)

[blue_skies]

thanks for the post

Purchased stock more aggressively yesterday and today $6.70-$6.50. Selling is indefatigable for now.

The above quote says it all. Too many people looking for the door. The steady drip of sellers is accelerating with the stocks decline. Like a bad movie that no one wants to sit through any longer .

The stock is now half of the craig-hallum's price target of $13/share. To me the buy recommendation is not very comforting. Look for a revision downward of their price target after earnings. To where? $9.50/share???

The stock price is down about 18% from secondary offering price. There is a lot of mud on the face of underwriters'!!!

The stock has lost half its value in 6 months.

The managements quiet fuels uncertainty and fear. I think management should announce preliminary earnings numbers and move up earnings release and CC dates. Maybe after close on a Friday so investors will have the weekend to digest and respond rationally

Personally I feel the management should put the company up for sale or take it private. $12/share looks pretty good to me now. This would give the investors of the secondary offering a 25% return.