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ckp, I have to agree with your insights. The politicians should have to sign a Sarbanes Oxley statement everytime they put a bill up. There's not an honest soul in the damn place. The problem is that the general population is so incredibly stupid that you could tell them the president was controlled by aliens, congress routinely worships the devil and the supreme court are animatronic figures created by Walt Disney whose every word is controlled by Jim Henson and Co. and they'd believe you. Unfortunately as one of the Redneck comedians would say, "you can't fix stupid".
Cryo, LabCorp is also big in the blood draws, but Quest is the leader. Regardless of what your VC says, we were never on Nasdaq. That was a decision that was known well in advance. They couldn't raise enough capital to make it work. Larry took his latest bonus in the form of conveniently timed option grants. We still haven't landed a big fish client and its basically been two years. So sales have gone up to 150K in the last quarter. Let's see where they are this quarter, then we may or may not have something to talk about. Right now the stock is at the equivalent of 8 cents. No matter how you slice it that sucks.
Cryo, I'm not saying that the business isn't still a large opportunity, but because of current economic conditions its going to be a much harder sell. While Quest may not be the largest in the CRO business, they still do more blood draws than the others. I suggest you ask your doctor who they use, most now send you to a Quest lab. Besides all that, if you don't think LS lied, how do you explain the RS comment. It was only going to be if the company was getting on Nasdaq. Don't blame Rodman for that. If the company knew it wasn't going to meet the listing requirement if it couldn't raise enough money and the deal should have been structured to be effective on a proper funding. He's also taken bonuses left and right and for what exactly. I'm pretty sure he's already made more in one year than PB did his entire tenure. When you consider the dire position this company is still in, taking bonuses seems a little offputting. Let's see where the cash position is at the end of this quarter and we'll know what the future holds.
CryoPort, you are missing Tiger's point. First, these hubs that are being built are for product that is already approved and being manufactured. Our slice of that pie is very small as most product cannot be frozen but has to maintain very cold temperatures. Vaccines cannot be frozen. Some biological material can be frozen, but that is a very small portion of the market. The target market that we were driving at was the clinical research market, which does blood draws for clinical trials that stuff can be frozen and needs to maintain cold temps in order to tested. Watch what Quest says about the state of their business. The fact is that clinical trials are going to slow down for a while until the economy rights itself. You can't sell a $1000 pill to a guy with two nickels. We may have missed the boat, but I don't blame PB or LS completely. Its an almagamation of mistakes on both parties parts.
Stockdude, that will probably never happen. No business is going to make a commitment like that in this environment. The business that CYRX is going after is subject to the swings in the economy. CROs are losing business or having trials delayed because of lack of funding of their clients. The real bright spot is that we literally have no place to go but up. I thought LS was part of a CRO at one point, shouldn't they be doing some real business with us? We should be able to announce some customers, even if they don't have guaranteed minimums. It would be nice to know we are making sales here.
Cryo, agreed. Unfortunately, we all have to buy a boatload more to breakeven on CYRX. I'll do it once I see evidence of a reversal of fortune. I'm already up big on UNIS and don't forget DYSL. Thats more than 200% for me. Unfortunately could never buy enough of DYSL to offset the huge hit on CYRX.
Cryo,
The Jets do look good after that tough first game. I haven't actually watched any of the two wins, but maybe I'm better off. I haven't gotten to see even a second of the Giants, other than 5 minutes of the Indy game, which was too much. Getting back to your comparison of Cryo vs. Uni. First thing you have to remember is that Unis has already gotten a lot of money from their key customer. This is even before a product has been manufactured. They'll get an order for millions of units once the plant is closed to done. Unilife knows who its customers are and is going after them. Cryo is relying on Fedex and DHL to identify and sell. You can't sit back and hope someone does as good a job selling your product as you can. UNI has gotten money from their local govt. to help fund their expansion, Cryo I don't even think they considered the possibility. Of course, CA is not in the financial shape to offer the help, but there are other govt. sources. UNI stock has remained pretty flat over the year vs. year numbers, but it was up over 300% the year before. A lot of profits to digest. UNI also raised a lot more capital than CYRX, so it had more shares to digest in the market. In any event, if they both make sales, they'll both do well stock wise. If CYRX shows any real improvement and their cash position doesn't degrade substantially, I will buy more. I'm down huge on CYRX and should have sold my position when the regime change happened, but I didn't. Live and learn.
More like convenient issuing, it doesn't help either the company's balance sheet because of black sholes calculations, nor does it help LS tax situation. Other then he might not have to pay quite as much. There is still an inherent value in the issuance.
More likely manipulated to get the best pricing. This company isn't really going anywhere unless they produce, so we'll see where things lie then.
Dwalrus, on the money with that commentary. Raised 1 dollar more than needed to trigger the bonus. He also would have been better off taking the cash and buying open market. I'm not an accountant but it could be a taxable event and was timed to be issued at the absolute low of the market. Funny how the stock popped back up right after this isn't it?
Bonus!!!!! Bonus!!!! are you serious? He got a bonus for his capital raising prowess too. In almost two years of his reign, we are where exactly? I know I'm two years older and a lot poorer. The option grant was also very conveniently timed to be the lowest price in the past week. Didn't you notice how the stock took a curious hit? If wanted to put his money where his mouth was, he should have purchased shares open market.
It will be interesting to see how that might affect the US market
Will institutions in Australia have to buy in that day the same as the Russell Index?
Improvement of what?
They should have filed a notice for a late filing? I don't know if they get any leeway because they just did a cap raise. They should have filed their Q.
the raping will continue until morale improves. I should have stayed asleep.
Dude,
Seriously get a life. Wow, traffic is up but, pageviews are down 80%. Please, nobody cares.
Looks like somebody finally puked up more shares....how long before this is in the sub pennies?
Really, you should have listened to me and you could have either saved yourself a lot of money, since this is a worthless company that does nothing but mislead investors or you could have made a boatload shorting this crap when it hit 15 cents. And of course the Brooklyn Bridge that I sold you would only exist like the value of your Green Planet Shares...
And I have a lovely bridge in Brooklyn to sell you. Please. You were telling people to buy this at .15 cents and it was going to a buck. Now you are trying to tell me you sold. Yeah, ok. If that helps you sleep at night.
Energy,
You are so full of it. I have to laugh. I was here long before you telling people this was a sham and I've been right and you've been wrong. I highly doubt you made any money on this.
I've spoken to the man in charge. Learned everything I needed to know after that and know that my money was in the toilet never to be seen again. How many misleading press releases do you need to read before it penetrates that thick skull of yours. You've been pumping this thing since it was at 15 cents and now its slightly more than a penny. Don't try and tell me you are making money on this or that you've averaged down so much you are almost breakeven. You're as bad as the management. All you get are excuses and lies from this crew. It wouldn't surprise me if you were on the payroll.
Its called desperation. Energy you are so far down on this one you are looking up and seeing the bottom of your feet. Stop trying to tell people this is a good company when its in essence broke. They are now suing the company that they acquired that was supposed to make them $150MM in revenues, ha, what a joke. I said it all along this was BS and its still BS.
Sorry to hear that HS, its completely ridiculous, but clearly somebody wanted out and today was there day. Not a single buy was recorded. Every trade was an initiated sell. I've never seen that before. Everything I own today is very weak.
Looks like stop loss orders are being triggered. LS's bonus was in part due to his ability to raise money.
I wouldn't classify anything in the proxy as good info. Nice salary on behalf of the CEO. Does he really deserve a bonus for completing an offering like this one? Oh well, live and learn. I have to remember to bet the jockey not the horse.
Huge short position created by the Russell 3000 imbalance. Position short increased by 2.3 million shares. That's right around 1/7th the total number of shares registered on Nasdaq right now, based on the recent holdings report issued in Australia. With any news there could be a pretty big crush on the marketmakers. They'll probably be forced to continue to short to keep the price around the mid to high $6 range, which is the likely price range the funds are looking as their initial buy in.
Chewbaka, your picture should have a giant mallet and the bottom part should be Green Planet Shareholders, cause they are about to get crushed again.
yep the management team is jumping in with both feet buying up all those ten million shares they PR'd about. Another hose job by managment to distract investors away from another late filing. My guess is this will get delisted to the pinks and stay there or the they'll be foreclosed on by their lienholders or the govt.
Energy you can't be this ridiculous. They've made this announcement before about a year or two ago. It didn't work then and it won't work now. There is zero obligation for any of them to purchase shares. If this was such a great company, why weren't they buying when the stock was higher. They know the end is coming and they hope to acquire enough shares to hold onto the shell. Notice you failed to mention that they aren't filing their 10k ON TIME YET AGAIN.
Its my personal levity that prevents my suicide/murder. I was wondering if anybody read the 10k closely enough to see how much we are paying some of these new people. I just skimmed to see what sales were. I stupidly missed the conference call. I'm so used to professional companies conducting them after the market closes and I didn't think to check. I should have known better. I haven't listened to it yet. I'm waiting to go to Friday's first, so I have something worth barfing back up.
3,711,000 visits by Stockdude, the rest by people who really wanted to visit cryoporn
Cryo, I have to agree with you. However, why do we solely rely on Fedex to do our grunt work. Get out there and start selling. I don't care if you have sell frozen hotdogs on the side of the road out of these things, but you aren't going to get very far if you leave it up to someone who's already making a Billion dollars somewhere else. They are already down $2 million from the offering they just did, what was that money spent on? Sales for the last quarter were 70,000. We should be doing that per week or at least per month. What happened to all the big things that were on the come? I think if the last conference call was a little tense, this one could be a helluva lot worse.
Stockdude,
The company only has 4 million left, you weren't looking at the year end balance sheet. That also only accounts for time through March 31st. We are almost two months out from that. Sales are anemic, with a quarterly gross of $70,000. Again, not particularly good, but better than previous quarters. Still no sign of the big sales we were promised once the money came in. I'm sure we'll get a few maybe this will happen tidbits on the conference call. We are at the year and half mark for LS's reign and where are we exactly. Lower than we've ever been before.
You think anybody will be dumb enought to buy shares on the offer ever again? What cat do you suppose the company is going to pull out of its hat when the lock up ends? I hope its an elephant.
I agree with you BBF, especially in light of comments regarding just needing some money. I know quite a few people who ponied up some dough to keep this going until the offering took place and since that time we haven't heard a blessed thing about sales. Not an auspicious start.
We'll lose our shirt if we don't hear anything soon too. This is ridiculous. Its been months since we've had any real news. Has anybody spoken to our illustrious leader recently?
Looks like the circus is packing up its tent. What a great pick this was. I can't say I didn't warn you folks that this was going to happen, but its over.
Yes its a big steaming pile of manure which we hope will spring forth something worth selling. It seems like there isn't much of a plan.
Tiger,
Hull and Mikita are greats in the game, but for my money, nobody was as dynamic as Bobby Orr and Wayne Gretzky. I think this is going to be a real physical series, should be some real great games with two hot goalies.
Wonder what the illustrious leader of CYRX is doing? Certainly paying the new IR firm for nothing.