This management is clueless when it comes to the capital markets.. While I also agreed that an ATM was smart, I left one thing out, the management team behind it.. It’s not that the CEO is dull, which he is, it’s the lack of information from the company on the CC..You brought it up a few posts back, how the Needham analyst was so frustrated.. Compound that by a 1000.. Everytime you as a shareholder are diluted, the CEO grosses up his position, on top of that, the company bylaws are so anti shareholder friendly, it’s borders on a private company. I would have been long gone by now, but have to wait until 2019.. But If I had sold, my money would have gone into BLFS at $12.00.. Don’t get me wrong, I think CYRX has what the industry needs, but when the company is counting on their commercial sales for success, .005 won’t cut it.. The company is so desperate for sales, they’re now selling insurance.And the analyst community is only looking for 10% QoQ revenue growth for Q3..
With 35 million dollars coming in, the company better start producing, acquisitions, something!
When it comes to the capital markets, yes, BLFS management team is far superior. They guide, the company explains where capital raised is going to be deployed, and BLFS did their 20 million raise correctly, private placement.. BLFS also destroyed CYRX last quarter in every financial category.. That’s why the BLFS stock went to $12.00 to $ $26.00..CYRX went the opposite way.. I would suspect end of the quarter selling in BLFS.. CYRX, perahaps some quarterly selling, I will give you that much, but don’t kid yourself.
