Jawad Sethi’s Post

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Endocrinologist and Lipidologist at Arizona Community Physicians

What the short sellers are relying on is that the company will need another stock offering in the near future. That is pretty much the only way short Sellers can succeed in what they are doing. But can that happen? It can happen only if there are no contracts with the 2 big dialysis companies. It is extremely unlikely that the 2 big dialysis companies will not sign contracts in the next few weeks. There is 99% chance that the 2 big dialysis companies will sign contracts with CorMedix this month. They are going to make money so it does not make any sense that they will lose this opportunity. But apparently the market is not realizing this at this time. After all we are tiny company with little to no communication with investors on the wall street. Almost 10 million shares of CRMD are short at this time. What will help is announcement of contracts and then big revenue. That is going to happen very soon. If the stock price still stays low despite revenue, the company will have the option to buy back the shares. So even though this market does not work for the retail investors, yet short sellers are going to have an extremely bad day very soon!! We have a great CEO and he will make it happen!

This favorable decision by CMS ensures that we will meet our expected launch timing in July for outpatient distribution. I am excited to bring this innovative drug product to kidney patients undergoing hemodialysis through a CVC to reduce their risk of contracting deadly catheter related blood stream infections. https://lnkd.in/eJT9fYSF

Jawad Sethi

Endocrinologist and Lipidologist at Arizona Community Physicians

5mo

What the short sellers are relying on is that the company will need another stock offering in the near future. That is pretty much the only way short Sellers can succeed in what they are doing. But can that happen? It can happen only if there are no contracts with the 2 big dialysis companies. It is extremely unlikely that the 2 big dialysis companies will not sign contracts in the next few weeks. There is 99% chance that the 2 big dialysis companies will sign contracts with CorMedix this month. They are going to make money so it does not make any sense that they will lose this opportunity. But apparently the market is not realizing this at this time. After all we are tiny company with little to no communication with investors on the wall street. Going to these monotonous conferences time and again has not helped much so far. What will help is announcement of contracts and then big revenue. That is going to happen very soon. If the stock price still stays low despite revenue, the company will have the option to buy back the shares. So even though this market does not work for the retail investors, yet short sellers are going to have an extremely bad day very soon!! We have a great CEO and he will make it happen!

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