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We are no different that pathetic useless pumpers who know nothing about the company's business practices and hope to entice unsuspecting people into an investment. You haven't come up with a single concrete reason to invest in this dog other than watch the MOMO or Spank the Ask. Neither of which is happening. Hopefully all those people who are watching are actually reading the financial statements and realize this company is on life support and barely breathing. You'll be lucky to come out of this with your shirt on.
I see 54000 shares traded at 1.7 cents. Not what you call MOMO, more like SLOMO. Please, you all talk a big game and leave with your tail between your legs.
I really need to buy what you must be smoking. That's a pipe dream. There's zero interest in this stock because its been played out so many times. You'll be gone before too long as well, wondering what happened to the 500 bucks you laid on this dog.
Olde English, maybe you've been drinking too much polish. They sell it on Ebay so that makes them legitimate. Do you know they've lost nearly every retail account they ever had? This used to be sold in Kmart, Walmart, Target, Pep Boys and O'Reillys. All but O'Reillys have kicked the product out. If you go back and read my posts you'll see that I love XenTx. I think it works great and when Pep Boys put it on clearance I bought every bottle they had. I may have a lifetime supply for myself. My issue is with management and their out and out lies. They've issued duplicate releases a year apart that stated the exact same thing. They've stated time and time again that they were going to be profitable when they weren't. They put out releases touting ridiculous increases in sales only to later issue the 10Q showing even bigger losses. They never mention losses in their earnings releases. Even this report they used a reversal of an amount they had been accruing a vendor to make an operating profit. Look at the R&D line. I bought this story when it was first presented to me about 5 or 6 years ago now. I lost money going on the long side because all these deals that were going to make the company tons of money disappeared. The people on this board just want to cheerlead with out checking under the hood of the car. Consider me your mechanic. I hope they do make it, but this management isn't the team to bring it home as far as I can tell.
Yes even when it hit the 12 cent mark and you were telling everybody to buy buy buy this is going to 30 cents, well it went to 1 cent. Nice call Energy wave. This will eventually go back below a penny and all you people trying for a penny flip will be holding the bag yet again. Try and read what the report says. Unless you are happy risking your money for 50 to 100 bucks, be my guest. You're better off betting with the house at the craps table.
I have all the patience in the world. I watched this dog go down and down and down. No reason to think it won't go down again.
Tiger, yes the rules are there in theory, but they can reset their clock on their transactions. They simply make a "covering purchase" and reset the clock all over again.
Nobody is spanking the ask at all. Most every trade has been a sell on the bid not a buy at the offer. You might be spanking a monkey, but the offer no! How do you put faith in a company that less than 100 grand in the bank? Look at their debts. Get a clue or you'll end up like Energy Wave deep underwater.
JMORA,
I'm pretty sure they mean the current quarter. They report a calendar year end of March 2011. I could be wrong, but that would seem to be the more likely scenario.
With regards to marketmakers covering shorts, they don't ever have to cover a short. They aren't bound by the rules that we average joe investors must live by. They can always reset their clock and by nature they will find themselves short at times if there is no supply of shares. All the trading in the last run could have been market makers supplying shares they don't have and will look to buy them back later knowing they control the market. Again, once the new registration statement is filed will be the telltale sign here.
You guys are hilarious. If it weren't for some fancy accounting footwork, they would have shown operating losses again. Did you see how much cash they have on hand? 99,000 dollars are left in the bank. Guess how much they have to pay the IRS monthly? 100,000 dollars a month. This doesn't include money they owe the states in which they operate. Cash is super tight and all they did was shift somethings around. Do the math, either a massively dilutive event is coming or BK.
Ok so lets see you are going to trade this for a fraction of a cent even with large volume its going to amount to what a hundred bucks. Why even bother risking your investment. Please be serious.
Hoss, you are about to learn that this company is very deceptive with its press releases. Management didn't pay 2 cents a share for anything. They converted debt to themselves at 2 cents. This was probably phantom wages that they were owed and this is how they are getting their money out. Company misleads at every turn and can't even get their quarterly numbers out on time ever.
BBF, some of these customers have shipped product as long as two years ago. Yet here we stand looking at about 100,000 in revenues for a quarter and before that it was about 10K per quarter. That doesn't scream large scalable numbers. We've made a lot of assumptions that because this box had better and more consistent holding times that its got to be used by anyone with a half a brain. Looking back on this now, I can see why there may be some resistance because of the number of samples that can be shipped at one time could be significantly lower. It becomes a question of safety and quality vs. cost. We really don't have an apples to apples comparison on what the dewar can hold vs. a box of dryice.
BBF, we have seen that even with FEDEX behind us its been far from a slam dunk. They still have to convince customers that this is best way to go. I used to believe that this should be easy, but we are limited in the items we can ship because its a completely frozen solution. Unless they start turning some sales in quickly this will get taken down. Once the offering is closed, unless we have news to back it up, its going to drop. Emergent needs this to stay high to incentivize their clients to participate. If the stock dropped to 77 cents today, who would buy? Then we would be looking at yet another raise in the future, once again limiting gains.
BBF et al, I understand that Emergent is a friendly source of funds, but after years of being hosed by the company its hard to look at a quick 30% profit in the face and not take it. I basically did just that. The price won't likely fall very much until the company files its registration statement. They'll be plenty of money looking to smack this in the face. The fees the company paid were outrageous. 13% cash, plus a huge warrant is absurd. Word will get around and unless there are real sales to back this up and soon, this is going to get clobbered. I hope for your sakes it doesn't. There may also be price resets on existing warrants, I don't know but most funds have those types of arrangements in their deals as conditions so they don't get under cut.
BBF, I gotta disagree. I was accumulating, but now, I'm out and I'm going to go short. This will eventually get back down to 70 cent range again. What is the point of having a warrant that is in the money.
Another crock of BS. They didn't actually purchase those shares, they converted debt, which they "held" in the company into restricted shares. That's not a purchase. Most sleight of hand from these jokers.
StockDude,
What makes you believe its customers going online? I'm guessing you visit the site enough times to kick that number up a few notches a day. Please unless the site is in the top 1000, it might be relevant.
Cryoport, I really have to take some issue with your UNIS vs. CYRX comparison. First off, UNIS has revenues through their agreement with sanofi aventis, which has paid them about $30 million so far. Secondly, the $11 million salary you quote is mostly through stock option grants and not cash compensation. Both companies have been around for about the same length of time, but in UNIS case they have the FDA to contend with and a premium priced product. You also have a much greater market potential for UNIS than you do with CYRX. Additionally, UNIS has hit every milestone it stated it would for the last three years. Now all they are waiting for is the Mikron line to be delivered, installed and then tested and qualified and they can start delivering product to sanofi. CYRX doesn't have such a clear path, hence the disparity.
Baseball Fan,
You're right that he converted the "bonus" into stock. What was he going to do, take the money and bankrupt the company? His salary is running way ahead of what Peter Berry was making and we are basically in the same place. He should have been making $100,000 per year with a performance bonus, but that is the compensation committee's fault. CryoPort will likely have to go back to the market and if they don't have any real sales at that time, you can just walk away and shake your head.
Dwalrus,
Regarding the timing of the conference call. I don't think it was meant for anything more than a confidence builder and to keep people from taxloss selling. I did mine quite some time ago, which is why I rarely post on the board anymore. I still follow, but unless a real sale is announced, I'm not getting back in. The fact that the conference call was poorly executed might be the fault of the IR firm. They usually prepare these things to a lesser or greater extent. I didn't bother to listen, but from the commentary it sounds like it would annoy me more than anything else.
Wow...do you guys even know what you are looking at? These shares are the ones from the private placement done back in August!! The original S-1 was filed in October. The company had 60 days to file the registration statement. They did another closing conveniently right after they filed the S-1. The amendments are filed based on comments made by the SEC that they want addressed. Now the private placement shareholders are free to sell the shares. The company received that money, hence why they say in the filing they aren't receiving any now. This was not a registered offering where the shares and the money exchange hands the same day, like the Rodman deal. The filing was deemed effective and now those shares can hit the market. Marketmakers will look for weakhands to shake.
Well looks like this product will soon be reverse engineered by the Chinese. More BS from the company. The money is running out faster than they can put out releases.
Another useless Press Release that clearly is not fooling anyone.
Can you read a balance sheet. Here's their balance sheet as of the last quarter. They had 246K left in cash. They lost 1 million from operations. How long can you operate like that? You can't. The company does all sorts of financial hocus pocus to dupe naive investors.
June 30, March 31,
2010 2010
(Unaudited)
ASSETS
Current Assets:
Cash $ 246,997 $ 880,808
Accounts receivable, net of allowance for doubtful accounts 2,766,184 3,330,736
Inventory 280,052 280,122
Prepaid expenses 295,502 476,169
Total Current Assets 3,588,735 4,967,835
Property, plant and equipment, net of accumulated depreciation 1,705,363 1,747,645
Other Assets:
Other assets 510,466 570,426
Intangible assets 3,101,325 3,224,524
Goodwill 4,624,671 4,624,671
Total Other Assets 8,236,462 8,419,621
Total Assets $ 13,530,560 $ 15,135,101
LIABILITIES AND STOCKHOLDERS ’ EQUITY/(DEFICIT)
Current Liabilities:
Accounts payable $ 1,080,061 $ 1,249,239
Accounts payable - Affiliates 331,555 273,555
Accrued liabilities 5,720,811 4,862,937
Accrued payroll, taxes and benefits 9,557,398 9,400,058
Cashless warrant liability 3,604 10,496
Notes payable and amounts due within one year 10,645,972 11,014,332
Convertible notes payable 5,054,100 5,054,100
Derivative liability 110,104 251,715
Total Current Liabilities 32,503,605 32,116,432
Notes payable due after one year 2,897,763 2,963,104
Total Liabilities 35,401,368 35,079,536
Stockholders’ Equity/(Deficit)
Preferred Stock, $0.001 par value, 1,000,000 Authorized; no shares issued and outstanding – –
Common Stock, $0.001 par value, 250,000,000 authorized, issued and outstanding 149,774,239 and 147,330,292 at June 30, 2010 and March 31, 2010, respectively 149,774 147,330
Additional paid-in capital 16,230,448 16,180,591
Accumulated deficit (38,251,030 ) (36,272,356 )
Total Stockholders’ Equity/(Deficit) (21,870,808 ) (19,944,435 )
Total Liabilities and Stockholders’ Equity/(Deficit) $ 13,530,560 $ 15,135,101
See accompanying notes to these consolidated financial statements.
Can you read a balance sheet. Here's their balance sheet as of the last quarter. They had 246K left in cash. They lost 1 million from operations. How long can you operate like that? You can't. The company does all sorts of financial hocus pocus to dupe naive investors.
June 30, March 31,
2010 2010
(Unaudited)
ASSETS
Current Assets:
Cash $ 246,997 $ 880,808
Accounts receivable, net of allowance for doubtful accounts 2,766,184 3,330,736
Inventory 280,052 280,122
Prepaid expenses 295,502 476,169
Total Current Assets 3,588,735 4,967,835
Property, plant and equipment, net of accumulated depreciation 1,705,363 1,747,645
Other Assets:
Other assets 510,466 570,426
Intangible assets 3,101,325 3,224,524
Goodwill 4,624,671 4,624,671
Total Other Assets 8,236,462 8,419,621
Total Assets $ 13,530,560 $ 15,135,101
LIABILITIES AND STOCKHOLDERS ’ EQUITY/(DEFICIT)
Current Liabilities:
Accounts payable $ 1,080,061 $ 1,249,239
Accounts payable - Affiliates 331,555 273,555
Accrued liabilities 5,720,811 4,862,937
Accrued payroll, taxes and benefits 9,557,398 9,400,058
Cashless warrant liability 3,604 10,496
Notes payable and amounts due within one year 10,645,972 11,014,332
Convertible notes payable 5,054,100 5,054,100
Derivative liability 110,104 251,715
Total Current Liabilities 32,503,605 32,116,432
Notes payable due after one year 2,897,763 2,963,104
Total Liabilities 35,401,368 35,079,536
Stockholders’ Equity/(Deficit)
Preferred Stock, $0.001 par value, 1,000,000 Authorized; no shares issued and outstanding – –
Common Stock, $0.001 par value, 250,000,000 authorized, issued and outstanding 149,774,239 and 147,330,292 at June 30, 2010 and March 31, 2010, respectively 149,774 147,330
Additional paid-in capital 16,230,448 16,180,591
Accumulated deficit (38,251,030 ) (36,272,356 )
Total Stockholders’ Equity/(Deficit) (21,870,808 ) (19,944,435 )
Total Liabilities and Stockholders’ Equity/(Deficit) $ 13,530,560 $ 15,135,101
See accompanying notes to these consolidated financial statements.
Lumea is losing money so how do you suppose they are sweeping this under the rug. Did you read the last 10Q? They have dwindling cash, a huge tax bill (which they claim to have settled) and huge payables. The only thing that was generating any kind of real margin was their engine treatments and you can't even buy them in the stores any more. There is a reason this has been flirting with sub penny status. What happened to their green mining operation. They will just continue to throw things at the wall knowing there are still plenty of suckers hoping this is their lottery ticket. They never ever file their reports on time, which is a pretty good indicator of incompetence. What ever happened with the huge deal they were doing in Nigeria (stifles laughter). I mean seriously they haven't announced a real sale in forever. If they had a big contract wouldn't you announce you were making deliveries against it. I know I would.
BBF, when you a discounted deal like Cryoport did, these guys don't have to short the stock. They may in fact short the shares prior to the offering to leverage an even better price, but basically the way they work, they only care about making one or two percent on these types of deals. That is why you are see all these Registered Direct offerings. No risk for a delay in an S-1 registration. Its strictly a volume game. The Investment Bank is trying to get its retail investors to absorb what they know will be the dumping onslaught. These guys hold the warrants just as a kicker. They are all about doing volumes of deals. Hudson Bay did something like 20-30 deals a month. As did a few of the other pipe players. Its all about the volume.
KSA, the company is out of money. They can't buy their own stock, but they wouldn't have any money left to pay the executive salaries. They are losing money hand over fist and continue to do so. Unless they were able to private raise some funds, they are going to be close to finished. Nothing this company has said or done has come to fruition.
Any wagers that the company files its 10Q late yet again?
Still beating the dead horse I see. Keep it up and you'll soon have some dog food to eat.
The USDA is one of the largest provider of loan guarantees. Five seconds of research would have answered your questions instead of spouting off some stupid speculation. I wouldn't care who guaranteed the loan, its money they don't have to spend.
Awwww, what's the matter can't take the heat. Let's face it, you're a pumper and you were either paid by the company or some other outfit. Or you got burned and were desperately trying to get out by suckering others in. Good luck with that.
Hey Energy wave how was today's accumulation. Guess what, it made a new low. Nice call yet again you are right on top of this one. Better you should stick with IDOI, lol.
You are delusional. What do you think the marketmakers are going to do when they see a rube step up and buy on the offer. Where's the stock today? No chance this sees 5 cents without a reverse split. You're lucky its at a penny right now. Only pipedreamers are buying this turkey.
Just some more useless babble to suck poor investors into buying his stock. I said it before I'll say it again, this is about to go belly up. Energy wave keeps pumping this every time is moves up a fraction of a penny. He was telling people to buy when this was 15 cents and look at it now.
And if a tree falls in the forest and no is there to see it, does it make a sound. More wasted dollars.
CryoPort those were the numbers given by the company. They cited some sources, but I no longer remember what they were. The actual slice of the $300 million is smaller, because of the narrow scope of the actual product usage. But I would take 1 million in sales right now.
CryoPort, that $3 Billion number was the Cold Chain Market of which, Frozen is about 10 percent.
BBF, Not that I want to rain on your parade, especially if you plan on skewering Tiger, but you are confusing what Cryoport does. Cold Chain Shipping is not Frozen Chain Shipping. We don't do cold. We do Frozen, as in really frozen. Huge difference in market size. Still there is plenty size for the company to grow to several million a month and not come close to meeting the implied demand for the service.
Tiger, thanks. Very apropos.