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There you have it broken out. Either they have personal vendetta or believe in something Larry said.
It looks like enable put in on the offering.
http://www.sec.gov/Archives/edgar/data/1124524/000090634410000152/0000906344-10-000152-index.htm
It's getting to that point but were not dead....yet! Hopefully we can start manufacturing and delivering.
Or we can use the $5MM for a really nice vault.
We get the W. Why cypt instead of cyrx?
The warrants won't be profitable until we see stock price appreciation.
I agree.
flyers, you are reading the sec filing but it takes a little critical thinking to understand it.
What you are not taking into consideration is a business concept called economies of scale. Cost of revenues is made up of fixed and variable costs both of which will not necessarily go up if sales go up. The fixed costs component includes things such as warehouse rent. Do you think they will buy an additional warehouse if they make another shipper?
Also if you notice the most recent numbers, three months ending December 2009, sales increased while the cost of revenues decreased. $20,707/$132,418 or basically 1/6th. If cryoport actually does significant volume this will be taken care of.
Then we would all make money. Apple is ridiculous. They could take a dump, call it Ipoop and sell a million pounds of it.
Lucky if we can do 100,000 shipments this year, Cryoport has indeed penetrated the market and will be fine, that's 10,000/month if they started today. If not it will be because of the one of the many reasons tiger mentioned.
I certainly understand the points but it's not selective memory it's selective analysis. IMO, he is not leaving his ego at the door, but using generalities to support a bearish position.
You have to intepret each company and stock differently based on all of the pieces. The price action yesterday seemed to indicate price fixing not selling because an S/1 came out. Rodman was on the bid all day supporting that price and for good reason because there was a PR stating a higher price to the offering than the market price. Obviously anything can happen but that release is further indication that more than likely there is a go on the funding. These are factors that need to be considered and interpreted. I don't see the stock trending down further because of a capital injection and improvement to the balance sheet but this is cryoport and anything can happen.
I personally am not an advocate for averaging down, my point was that it is not a blanket statement 100% wrong decision to make. In this case, no doubt is it extremely dangerous especially since the split has killed our reward multiple while the risk is the same if not increased.
GLTA
I don't understand your thinking. Honestly would not it be??? I don't know what you are trying to say but I think you are telling people to sell. Everything you posted we have heard from Tiger. Once is plenty and he does it better.
If you are not already out, why sell at the 52 week low into a financing deal priced higher than the current market price that was priced by investment analyst?
Averaging down is risky there is no doubt about that but this a general rule and there are times when this has worked in favor, and has been stated by big time traders.
Everyone is entitled to their opinion as you are stating CYRX does not have enough capital currently to do business. It is probably not enough in the long run but plenty to get started and bring the stock price up and alot more than we have now. While I appreciate you trying to save everybody from themselves with your analysis, it does not seem that you understand the entire picture.
Just curious, do you hold cryo?
I believe one indicates an attempt to uplist while the other does not but I could be wrong, it appears that the latest version does not reflect intent to uplist.
IMO, this does not necessarily mean that management does not intend to apply for uplisting in the near future.
8-A12B, 8-A12B/A Form for the registration / listing of a class of securities on a national securities exchange pursuant to section 12(b)
8-A12G, 8-A12G/A Form for registration of a class of securities pursuant to section 12(g)
Someone is picking up a little steadily at 5.50.
Tiger, I recently did some analysis on India and how their government deregulation has opened up numerous opportunities for the billions of consumers to get affordable mobile phones, cars and probably a bloombox if the product is as good as it appears. Sounds like an exciting product with very big potential anywhere.
Why go through the hassle, just keep posting.
flaflyersfan, I have to disagree with your assessment. I don't think $10MM could be considered a band aid as it would supply us with plenty of capital to get the company going and would also allow us to eliminate any debt outstanding to roswell and company. or that is one hell of a band aid that contains neosporin and a shot of morphine all wrapped up in one.
A band aid was the last S/1 of $4MM by P.B.'s incompentent decision making ability. That guy had no plan and it pretty much destroyed us.
As far as Larry is concerned, not many posters give him credit for getting us to this point, we were done before he came in. Like Tiger said, regardless of management's abilities, which are near the top with respect to business vision and execution, there will always be unforseen circumstances, especially since we are so dependent on this offering. If Larry came into this with no debt and cash where do you think this company would be? What did PB do?
Our deficits are not really that big relativelly speaking with other companies we just can't get going. I still believe the S/1 will go through and I also beleive that if when we do aquire the capital injection, Larry will make very good use of it. If we were to get anywhere near max utilization these deficits would be gone in a hurry. That being said there is no way to dispose of this debt mountain with out a capital injection.
There is no doubt that offering was a sock to the gut but like others have said, this company has actually been in far worse positions and is still here. It is hard to make any kind of analysis currently because no one knows what is going on with the offering negotiations but I would definitely give some merit to Tiger and CEO's posts regarding what they have stated they believe is going on as it seems they do have experience in this realm.
Cheers
GLTA
IMO, very similar. I would imagine that Larry has discussed these plans extensively with the SEC and they aware of the situation. IMO, it won't take long...A day or two?
I believe this is the official application to be uplisted. There should be a similar filing stating we are registered for NASDAQ capital markets if approved.
New S/1 A
Looks finalized to me.
http://www.sec.gov/Archives/edgar/data/1124524/000119312510025951/0001193125-10-025951-index.htm
BBF, That all sounds good to me. Once the funding has been completed as well as the uplisting, there will be a new market value achieved, then throw on customer agreements(if that happens) and the sp should significantly appreciate.
The future possible revenues will be priced in, then all that's left is for Cryoports express shipper to outperform the projected revenues. Obviously, if all goes really well then we might see a forward split to gain back some of our earnings multiple.
If this is true we must be getting an effective S/1 and executing the offering because it makes absolutely no sense to split to $8 on the otc.
I don't know why but this link for cryoport products is available through google while I can't seem to find it by going through the website. It looks to be the old dewars anyway and I'm guessing that is why but it does give a relative picture of pricing, sort of.
https://secure.cnchost.com/cryoport.com/
Cheers Cryoport! I've stated before that I believe that Larry has done a great job all year and will continue to do so with regards to executing the business plan with Cryoport.
The restructuring of management and coporate governance, multiple debt restructuring, FedEx negotiations, and the offering, these are very good signs of his ability to get done what he wants to get done. Some were skeptical of his abilities in the beginnning but I think that was left over sentiment from P.B.'s reign. Also, turning around a business that has essentially done nothing for 4 years but gain a bad reputation and debt, takes more time to turn around than probably most expected. I hate to state this AGAIN for the 4 billionth time, but if anyone looks at his track record, he is no slacker and is seasoned in realm of creating value for shareholders, structuring quality management in an organization, raising capital and execution.
I am on the sidelines right now trying to be patient enough to let this thing unfold because it seems to be doing just that.
IMO, an effective S-1 will be next and then PR's to get this stock to appreciate before we uplist.
As far as the S-1 and explanations, I leave that to the other posters as they seem to cover it very well. All the frequent posters on this board seem to have good insight and present good posts.
GLTA
I wasn't trying to contradict anything he had to say. I was stating that if you want hit a stock big it won't be on momentum plays. As far as trading for a living, that must be a brutal way to go about it considering tax implications and the fact that an after fee basis, less than one percent of the top money managers can pull off that feat.
TA can an help the timing of your investments/trade without a doubt. But if read one of the most famous of traders, Livermore, he states over and over the the REAL money is not made on short momentum swings, but made with a combination of TA with long term horizons. Obvoiously danger signals could easily change that, but that is where your fundamentals play a critical role. He also states there generally is less than ten good presented plays a year.
Missing the continual uptrends that you stated is the difference between who makes real money or who thinks they made money.
Good TA none the less but it should not matter with Cryoport as everyone is aware that we are headed in a very good direction.
Traders are going to play CRYO that is for sure, but in the long run they may miss the real gold that the longterm investors will enjoy.
Warrant agreement attached as an exhibit
Agreement 8-K
If business comes and these refurbishing sites are up, this is going to be very good.
http://www.sec.gov/Archives/edgar/data/1124524/000101968710000224/cryoport_8k-011310.htm
I don't what the major malfunction is, my level II says the same thing but if I look at the current bid and ask signed into my account it has .92 on the bid and .99 on the ask. Just hit .98 same bid and ask.
39,870 shares traded
Maybe a limit on the amount of shares they can liquidate or some kind of later compensation for that. They have finally stopped as CEO eloquently put it "stepping on our throats" with the selling pressure.
does everyone else have UBSS @ .561 and ABLE @.70?
Good sound logic and reasoning, can't really argue with that. I failed to consider that rates may increase in 2010, but more than likely they will. I was assuming rates flat through 2010, but your right, when the fed raises rates the equity market is not going to like it.
So the SPX seems to be churning, what do you think, a volatility play? or follow the momementum when it breaks out?
Tiger, taking out the March lows is quite a predicition. If economic indicators continue to show improvements, why would the mentality change so drastically and send the market to below march levels?
IMO, gold continues to rally to at least $1,500 purely based on momentum and market speculation. At some point a danger signal will be apparent and will retreat.
It’s been a long way to this point and we are definitely reaching pivotal point. I can’t help but give Larry the benefit of the doubt, purely based on his credentials that he will do everything possible to make this company successful. (I mean he was director of the year in 2002, 2006, and 2007 for corporate governance.) Also, what he has done to this point cannot be overlooked because even though our stock price does not reflect the progress that has been made, there certainly has been some made.
Obviously we still don’t know officially what will come of the S-1 or when it will be effective but my gut is telling me that on this one, my patience will be rewarded. Thankfully the last month of holidays and 2010 budgets, it is not quite as hard to be patient and let the story unfold. We should at least get some info. to digest over the next month or two with an amendment, effectiveness, maybe customer PR’s, roadshow and the next 10-Q around mid February.
I wish you all a happy new year and GL!
Wow, good article tiger.
Congratulations sir. Good stuff.
Cheers
Cryoport, always to go to see you on the board!
I don't know why the technology keeps getting thrown under the bus. I believe the business model is good but it has been a lack competent management. PB did great things but generally your engineer is not going to be business savy enough to negotiate deals with seasoned executives, expecially if your are talking about FedEx and Quintiles, very, very large corporations. You need a seasoned executive also.
Lucky...maybe but it's not like we..well I hope it's not like you threw a dart it happened to be cryogenic shippers for the biopharmaceutical industry. It is a product that the industry is headed towards and is not currently offered cost effectively, so IMO, (which I believe is what you are saying)the success of the business model isn't lucky but the way, if it is successful, it got there is LUCKY! A tiny, heavily in debt striking a deal simulatneously with FedEx and large CRO's....Larry is going to need great skill and have a bit luck.
"This so called great technology" sounds pretty anti-cryoport to me but that is besides the point. The technology is not the problem, it has been management from day one.
Investing professionals might invest in this company because of the potential that Cryoport presents regarding returns and early access to stock that may be undervalued based on information that may not be available to others. There are going to be the more conservatives who may pass and then there will be the risk takers who would hop on board. The last two years has been dismal and has little to do with our current business model considering we have taken a completely different approach with respect to product and innovation and restuctured basically our entire management in order to gain badly needed legitimacy as far as corporate structure.
Cryoport has turned around a great deal this year and presents great potential and that is why investors would invest in CYRX. Where there is reward potential, there is risk. Is that so hard to understand?
Hopefully soon there will be sooooomething to discuss. This Why this and why would that is making me ill.
GO CYRX!
GLTA
Cryoport you have kind of been the cornerstone of this message board and I don't see any reason you should go but if that is what's best for you. You always offer good debate and creative thought on the future possibilites of Cryoport and I hope to see you around posting anyway.
Cheers to all
GL