Done for good and forever.
11% down today, another 20-30% tomorrow - pink sheets are a distant dream.
Cardiun's phone line - no answer.
I managed to short quite a few shares between $1.20-ish and out at $0.87-ish. Lots of sweat there,could have waited until today or tomorrow to cover, but I made up some of my 90+% loss for the past 4 years or so.
This is game over... In a matter of days the company will file for BK. Does anyone think that it will survive until the end of the year? Revenue stream not enough to offset expenses.
No way... It will be under 50 cents by November at the latest. Bankrupt by year's end, there is absolutely no way out for this money-laundering joint. No products, no prospects - NOTHING.
It will be under $1 next week don't worry. Bankruptcy by September is a real possibility. The money "raised" (read': laundered) today will only last for two months' worth of salaries for the overly numerous staff at Cardium.
Because there is no trial, really... Fictional doctors' names, and a ghost "reputable" hospital - and zero enrollment. There is no product either, Generx is a myth - dust in the shareholders' eyes.
Yes, that means a little more than ONE (ONE !) kit per month !!! Impressive indeed!. Conclusion - Cardium sold a total of FIVE KITS of Excellagen in a quarter !!! Wow -
SImple answer... Once bankrupt, with all shareholders' equity wiped out - CR and Mintz can all "reorganize" the company for themselves! Proven tactics - the entire industry of Eastern Europe and Russia followed that strategy.
Not really, but with an approved device (though it is a dud that never sells and never will), the pps could have been, deservedly, about $0.60-0.70. With a minimal effort at marketing.
Reinhart only cares about cheating the shareholders. And laundering money. He has no record and no credibility whatsoever.
Nobody had anything "saved", at least nothing on the post-approval record - your posts are just plain and baseless pumping. Almost two years, not a single Excellagen unit sold !!! Worthless.
Cardium is bankrupt by and of July if no RS, and bankrupt by October is there is a RS. What "several years"??? The "company" has no products and no prospects.
Oh... and a fake "clinical trial" that has not even started.
There is NO WAY $10000 in Excellagen revenue will be reported. Not a single unit was sold. Large amounts have expired on the warehouse shelves. Maybe $300 if the stuff was sold to cardboard/glass recyclers.
CXM will report a huge loss, that's for sure. No products, no revenue.
This is the last quarterly reporting in the history of Cardium anyway.
In other words, can someone from the floor move to add this to the agenda?
I would be happy to sell at $0.113 (I have a GTC order already) about 20% oif what I own, and I would be THRILLED to sell the rest at $0.14 !!! I would be ahead!