CryoPort Inc (CYRX)

[discipline]

C-Port, thanks for all your contributions. very helpful.

My 10-Q only has 44 pages (EDGAR), so I'm not seeing page 55.
We're showing inventory of $533,000 on 12/31/08, I'm not understanding where you're getting the $700,000 number.

Inventory @ 9/30/08 was $421,000. Only an increase of $112,000 for the quarter. We lost 1.45 mil for the quarter, of which only $112,000 was spent on inventory. 50% of the loss was spent on servicing debt (739,000 in interest expense). Not good.

Peter Berry on at least 2 occasions, has stated publicly, we are in a great cash position. Now Note 2 (page 6) says,
"The Company’s management recognizes that the Company must obtain additional capital for the achievement of sustained profitable operations. Management’s plans include obtaining additional capital through equity funding sources, however, no assurance can be given that additional capital, if needed, will be available when required or upon terms acceptable to the Company or that the Company will be successful in its efforts to negotiate extension of its existing debt."

Obviously Peter Berry has made some huge mis-calculations
with regards to cash. We have gone from $1,200,000 on 9/30/08, to $776,000 on 12/31/08, to $504,000 on 2/10/09.
Fading Fast.

Don't know how a public company can have $14K in sales for a 6 month period. Is Ken Carlson still reporting to work?