Thanks COLD. Please tell ColdAsIce to come back and give us his thoughts.
I'm re-reading his old posts right now, the guy was brilliant. He should remember me.
I think you're right, the stock price seems a little high right now.
The big run in the last 5 market days, where it's gone from $40 to $60, has to be the result of the earnings conference call with the analysts they had on Nov. 5. The CFO basically said he thought the sales could be at $650 million to $750 million range, in the next 4/5 years. This was a huge statement from a company that has never before given any sales guidance or earnings guidance. Also, sales increased 19% from the 2nd quarter, another big leap. Both of the acquisitions of CRYOPDP (spelling?) and MVE were in the middle of the 3rd quarter, so I expect the 4th quarter numbers to really also jump. During the call, all the officers were reading from prepared statements that were very well put together, I assume by some marketing genius. It was impressive.
I originally bought 270,000 shares at low prices in 2007, and thought I was set for life. I went to Larry Stambaugh's first board of directors annual meeting in Costa Mesa in October 2009, where he lied and said without the 10/1 reverse split, the company would close down in a week. Well we're still here. Stambaugh only wanted the reverse split so he could get a $900,000 bonus to pay off one of his ex-wives. She was sending faxes to the company's fax machine telling everyone Larry was a deadbeat-ex-husband and a deadbeat-Dad who wasn't paying his bills,
I then went to Stambaugh's 2nd annual meeting in October 2010, when only 2 other shareholders showed up because nobody cared anymore and Stambaugh was driving the company into the ground with no sales and a scheme to send all our cash to his current wife's private company in the form of "recruiting expenses."
After Mr. Shelton's second reverse split a couple years later, my 270,000 shares was down to around 2,700. But based on all the great research and information from ColdAsIce, I managed to get another few thousand shares in the $4-5 dollar range, and now I'm sitting on easy street. I would love to hear from him.
