Cryo Cell International Inc (CCEL)

[Edward]

Is it time to buy CCEL? The company just purchased appox. 25% of their own stock for $4.50 a share. That's a 46.6% premium over the closing price today of $3.07. Did they want to get rid of their largest stockholder (who once had a lawsuit with DAVID I. PORTNOY, MARK L. PORTNOY,, or do they believe the stock is much undervalued.

From CCEL's 8K filed today.

"Stock Purchase Agreement. On June 20, 2016, Cryo-Cell International, Inc. (the “Company”) entered into a Stock Purchase Agreement (the “Agreement”) with Ki Yong Choi and Michael Cho (the “Sellers”), collectively the parties (the “Parties”). Pursuant to the Agreement, the Company will purchase 2,179,068 Shares from Ki Yong Choi and 13,416 Shares from Michael Cho (the “Shares”) for $4.50 per share, $9,866,178 in the aggregate (the “Purchase Price”), to be funded through the proceeds of a term loan for approximately $8 million in senior credit facilities and the remainder through the working capital of the Company."