GREY:CRRVF - Post by User
Post by
buyifisell1on Sep 03, 2019 5:46pm
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Post# 30092137
CVR's to-do list
CVR's to-do list
If CVR is to survive, I believe there are a number of things it needs to do.
1. It needs to start behaving like a regular company that follows the rules. That means getting any required filings submitted on time - not just financial statements but press releases as well. Companies are required to send out a PR when there is substantial news, which it clearly did not do following the FDA's rejection of its application back in May.
2. It needs to make all of its business relationships crystal clear. What is the relationship between CVR Golbal and CVR medical? Who are the major shareholders in the CVRs and how much do they hold (starting with our current CEO), so we know who is really running the show? What loans do they have with officers/directors/other individuals?
3. It needs to find a way to fund the company without massive share dilution. The best way may be for CVR to sell rights to the device in markets outside of Canada/US. While doing business in China is always tricky, they have a much higher rate of cardiovascular issues than the rest of the world and may top the list.
They need to get 1 and 2 done first or there is no hope of getting 3 done.