CryoPort Inc (CYRX)

[coldasice]

Tough to point a finger at one specific event.. The market itself is in free fall.. The biotech sector, and this is the area CryoPort services, getting pounded! Maybe the increase in share count..But CYRX had 9 million in cash a fews months ago... And for argument sake.. Let's say CYRX somewhere down road needed another 6 million in capital, and the stock was trading at 4.. An additional 1.5 million shares added to the current 7 million... Baby stuff.. Not even worth talking about...
Maybe the piece of news that was released last week about expansion beyond cryogenics, the cost associated it with it, perhaps..Though, in my opinion, pretty good piece of news...

While the above paragraph is strictly speculative in nature.. Personally, I just don't think the market knows who CryoPort is, or what they actually do, or how they complement the Car T Cell field for example...
The CryoPort CEO buys 100k worth of stock and market yawns... And I believe JS has over 600k of his own capital invested.. That is a chunk of change... I continue to ride the wave, but there will always be sharks circling..


While I wait for CryoPort, bigger and better things tonight.. Rodgers, Cobb and Charles.. In the money on Draft Kings..