Bought Deal with Raymond James A bit surprised by the bought deal today with Raymond James although CRDL did file a soft prospectus almost 2 weeks ago so maybe I shouldn't have been.
CRDL still has lots of cash to run the business so we can rule that out in terms of why they did the bought deal.
I believe this is a prelude to a listing on the NASDAQ, history tells me the NASDAQ listing should now occur within the next 4-8 weeks.
If this is in fact the case, I believe you will see CRDL go from $3.60 to somewhere between $8-10 within days of the NASDAQ listing.
The next milestone will be FDA approval in August to October whereby CRDL becomes a Billion Dollar Company.