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Baudax Bio, Inc. (BXRX)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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0.7804-0.0039 (-0.50%)
At close: 4:00PM EDT
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  • W
    Wild Bill from Outta Town
    Didn't 2invest post yesterday that BXRX would be over $1 by the end of the day?? Soooooooooooo very close. Great prediction though.
  • T
    Tom
    $3.67 target?
    How?
  • W
    Wild Bill from Outta Town
    Here we go again....just got the email this evening:

    Dear Shareholder:

    We are pleased to invite you to attend a Special Meeting of Shareholders (the “Special Meeting) of Baudax Bio, Inc. (“Baudax Bio” or the “Company”), which will be held at
    9:00 a.m., Eastern Time, on July 13, 2021 for the following purposes:

    • to adopt and approve an amendment to our Amended and Restated Articles of Incorporation to increase the number of authorized shares of common stock from
    100 million to 190 million; and

    • to approve of the adjournment of the Special Meeting to the extent there are insufficient votes at the Special Meeting to approve the foregoing proposal.

    The Special Meeting can be accessed via the Internet at: www.virtualshareholdermeeting.com/BXRX2021.

    Details regarding admission to the Special Meeting and the business to be conducted are more fully described in the accompanying Notice of 2021 Special Meeting of
    Shareholders (the “Notice”) and 2021 Special Meeting Proxy Statement (“Proxy Statement”).
    Your vote is important. Whether or not you plan to virtually attend the Special Meeting, we hope you will vote as soon as possible. Information about voting methods is set
    forth in the accompanying Notice and Proxy Statement.

    If you have any questions with respect to voting, please call our Chief Financial Officer, Richard S. Casten, at (484) 395-2440.

    These guys are relentless. Instead of selling the company and/or Anjeso, they just want to keep floating more and more shares indefinitely.
  • R
    Ryan
    They have cash on hand for funding through mid 2022.

    https://youtu.be/RA2db8TPDE0
  • G
    Guy Who Trades
    The CFO really dressed up for the occasion. Nothing like a prison stripe golf shirt to scream "success."
  • M
    Michael
    maybe management should get paid for performance,no performance no pay that I would vote yes for
  • W
    Wild Bill from Outta Town
    My guess is a reverse split coming up next. They'll probably do a horrific 10:1 or 8:1 - something that will completely crush whatever shred of potential shareholder value that's left. They will immediately float more shares to line their pockets so Gerri and the rest of the criminal can continue to collect their fat paychecks and bonuses.
  • j
    john
    New here. Bought A/H in spite of all negativity on this board. Stock is near 52 wk low, high volume, insider buying, $4 analyst price, and offers option chain…….in desperate situation they could sell approved and marketed drug. Could be wrong but unless a market meltdown, Don’t see much further downside on this one
  • s
    sharon
    the launch in 2020 was severely weakend by COVID and the recovery from re-opening is happening as the CEO eludes to at q1 conference call ~~~ sales and re-orders should reflect in the numbers in q2......Anjeso is a one of a kind non opiate pain reliever and NEW on the market......huge huge potential and payday on bxrx!!
  • R
    Raj
    volume is high, who is buying ?
  • R
    Raj
    BXRX is behaving strangely, volume high, SP is almost 8% up, something is cooking it seems, is there a leak about Q2 earnings
  • J
    Jas
    190 million shares @ 0.78 is better than RS! At least it gives the the company a chance. IMO.
  • w
    wererabbit
    I love it, now the newbies will somehow claim to have made money after buying at top. It's all downhill from here. Like John, too funny
  • B
    Bruce
    Today's PR equals last gasp for air before drowning in dilution. At the rate sales is increasing no way this thing is sustainable. They haven't even crossed a half a million in sales for a quarter yet and they need around 20 to 25 million to breakeven. As I've posted before, do not get hung up on the rate of sales increasing by %'s. Instead, look at the actual dollar amounts and how long you think it will take them at this pace to breakeven. They have money for at most 1 to 2 quarters and they are not going to hit one million in sales for this quarter. Pace is way to slow to make it without major dilution still coming.
    Bearish
  • j
    john
    Out at open +9%. Moved over to SONN. GLTA
    Adios
  • R
    Richard
    “I will continue to dilute your shares to keep my salary coming, you poor, unfortunate souls”, Love Gerri
  • H
    HappyRetirement
    $11.9million can only last half quarter. What will they do next quarter? Issue more shares :(
    This kind of scam company should be banned from public listing.
  • T
    Terry
    The old HC Wainwright pump & dump scheme lives on.
  • S
    Satz
    no regrets so far in taking the loss and out ...
  • T
    Tell us all now
    i Told you
    Bearish