CryoPort Inc (CYRX)

[COLD]

Here's the Breakdown of warrants and strike price recently issued by the board. I believe this to be correct but check the cryoport website or SEC to verify the accuracy.

Shelton 827,000 @ $3.06
Stefanovich 177,200 @ 3.06
Hairi 15,300 @ $3.06 and 50,000 @ 2.66
Ramkuar 80,000 @ $3.06
Berman 113,000 @ $3.06
Zechinni 80,000 @ 3.06
Grand Total 1,342,300 Warrants issued with a strike date of 2025.

It's a gross understatement to say that all the board members received more warrants that they deserved. If you look at it in pre split numbers (which is where most of shareholders stand) the compensation committee awarded Shelton 8,270,000 warrants. This is the last dagger in the heart for long suffering Cryoport shareholders as it's obvious the current management has it's own interests ahead of shareholders interests. The current round of fund raising was a disaster for shareholders and the current quarter under performed expectations, yet the compensation committee unjustly rewarded all board members. Beyond Pathetic. This has the bad stink of collusion. If this makes you sick email the CEO [e-mail] and let him know how you feel.