Jan. 14 at 2:23 PM
$CRMD It’s my belief that the stock cannot go below 6.50-7, not sure which, and it’s decisional by the convertible holders. While shorting to 7 is insanely profitable for them, damaging the company is not, as their highest profit comes from a mega rise in the company stock due to conversion. If the share price goes below 5-6, it could plummet due to some institutional investors avoiding “penny stocks “ trading below 5/ share. As well, sustained trading at even 7-9 makes further acquisitions difficult and further dilution dangerous for Joe and negatively impacting the company. These are my theses. Nothing more. GLTA