The Official CORMEDIX (CRMD)thread (run up to FDA approval has begun )

[ORDER_66]

The morning after the reverse stock split we are up almost 16% off of heavy buying and no significant selling so far. This might be what I was talking about, tutes and mfunds loading up now.

when is FDA approval?

 

[Tug life]

when is FDA approval?

Late this year at earliest to this next year the latest. There are catalyst about every 2 months until then which will raise the price like continued meetings with the FDA and possibly a buyout before approval

 

[Starski]

This answered my questions I had about key dates coming up, hopefully it can bounce back down to the low 8.00’s/high 7’s in the next week or so, so I can load up.

 

[ahomeplateslugger]

i bought some shares at 8.71 and it's already at 9.50. with a market cap of 1.134B i'm gonna hold on and hope to double my money at the minimum.

 

[Tug life]

This answered my questions I had about key dates coming up, hopefully it can bounce back down to the low 8.00’s/high 7’s in the next week or so, so I can load up.

i bought some shares at 8.71 and it's already at 9.50. with a market cap of 1.134B i'm gonna hold on and hope to double my money at the minimum.

I'm also hoping it dips to the low $8 mid $7 range so i can get more. With a low float we could expect volatile swings. But a good rule of thumb is comparing the price now to what is was before split. For example if it hits $10 that obviously would've been $2 and our 52 week high was $2.74 which is like $13.70 so we have a lot more room to run the question is where will we ultimately settle. I loaded up a bunch of shares $1.55 pre split and again at $7.55 post split. Not sure if we'll see those prices again anytime soon.

Cormedix has been very open about being welcoming to a partnership and even being bought out. The company only has 22 employees they are not built to take this to market themselves. If they are approved for a NDA a partnership or buyout will shortly follow and thats before FDA approval.

 

[ahomeplateslugger]

I'm also hoping it dips to the low $8 mid $7 range so i can get more. With a low float we could expect volatile swings. But a good rule of thumb is comparing the price now to what is was before split. For example if it hits $10 that obviously would've been $2 and our 52 week high was $2.74 which is like $13.70 so we have a lot more room to run the question is where will we ultimately settle. I loaded up a bunch of shares $1.55 pre split and again at $7.55 post split. Not sure if we'll see those prices again anytime soon.

Cormedix has been very open about being welcoming to a partnership and even being bought out. The company only has 22 employees they are not built to take this to market themselves. If they are approved for a NDA a partnership or buyout will shortly follow and thats before FDA approval.

props for the info. i'm looking stuff up now and yahoo finance is the best source for me at the moment. i'm seeing different market cap numbers on different sites so not sure what to make of this company. i'm just hoping they get to ~$18.

 

[Tug life]

props for the info. i'm looking stuff up now and yahoo finance is the best source for me at the moment. i'm seeing different market cap numbers on different sites so not sure what to make of this company. i'm just hoping they get to ~$18.

The market cap is around 215 million if I'm not mistaken. A lot of outlets haven't adjusted the MC for the split yet

 

[Starski]

Have u been looking into ADMA @Tug life ? Was posted in ur other thread via A YouTube thread about penny stocks. They are hearing back from the FDA April second, I’m still soo green in investing but I decided to take the plunge based on the fact the 1year low was low two’s, high was mid 6’s and I was able to get in at 3.15. Last conference call said they are hoping to bring two drugs to market later this year

 

[Tug life]

Have u been looking into ADMA @Tug life ? Was posted in ur other thread via A YouTube thread about penny stocks. They are hearing back from the FDA April second, I’m still soo green in investing but I decided to take the plunge based on the fact the 1year low was low two’s, high was mid 6’s and I was able to get in at 3.15. Last conference call said they are hoping to bring two drugs to market later this year

Haven't heard of it. Thanks for the post i put it on my watchlist, gonna do some DD tonight on this

 

[Tug life]

CEO of CRMD Khoso Baluch purchased 2,500 shares yesterday, the day of the Reverse split. This is the one I was waiting for, the CEO. That makes 4 insider buys in the last week

Conference Call Transcripts

 

[KING WILL]

good convo, great info

 

[Tug life]

I think we will test $10 today

 

[Tug life]

we hit $10.50 minutes after this post. CRMD is the only stock I want to go down lol thought the dip would last longer want to buy more cheat shares

 

[ahomeplateslugger]

we hit $10.50 minutes after this post. CRMD is the only stock I want to go down lol thought the dip would last longer want to buy more cheat shares

i should've bought in more lol. shyt, i might buy in a little more if you believe this will go higher.

looks like PGE is dipping so i'm gonna have to buy back in more for that too

 

[Tug life]

i should've bought in more lol. shyt, i might buy in a little more if you believe this will go higher.

looks like PGE is dipping so i'm gonna have to buy back in more for that too

I believe this will be in the $20's by summer if everything goes well. I just dont want to buy at these prices in case we have a pull back, but I also dont want to get left behind if it takes off further. The decisions