CryoPort Inc (CYRX)

[CYRXorbust]

I think cryoport gets bought out before 2020. The warrants provide wonderful leverage if this makes a run in 2018-2019. Also your value of 40 cents is off by $1. Current price is 4.92 - 3.57 = 1.35. If the stock loses 20% to $4 I expect the warrants to drop of course as well but not a whole lot more than 20%. Yes the inefficiency of the bid/ask is problematic tho I just picked up my warrants by setting my order 5 cents above bid and waited patiently to get filled (at the existing bid to boot which seemed odd).

The CEO just got himself a very healthy raise which will be highly scrutinized if they end up doing another equity capital raise. A few quarters of 8-10mm of revenue should open doors to debt which will be a relief for shareholders.

Quick exercise on leverage with hypotheticals. Let's say in mid to late 2018 with 2-3 FDA approvals and commercial launches, CYRX propels to $10 from current $5. $10000 investment gets you 2k shares today. At $1.75 per warrant same $10k would get you 5,700 warrants. Current warrant premium is around 20% but let's cut that to 10% given the timeline being 1 yr shorter. Warrants should price to around $7 ($10-$3.57 times 1.1% = $7.07). $7-$1.75=$5.25 x 5700 = $29,925 - initial $10k = $19,925 profit vs your common stock investment which would have profited $10,000.

For those of us who are holding this SOB to the promise land or landfill either way should consider the warrants IMO.