CryoPort Inc (CYRX)

[coldasice]

SAGE, This is in reference to The Maxim EpiCept deal. Excerpts from the San Diego Union Tribune, dated March 27th, 2005 and Dec, 22nd, 2005.

"The board forgave Stambaugh a $2.8 million loan from the company and approved $550,000 in bonuses. Stambaugh, who is not going to stay with EpiCept, also has a severance package that includes two years' salary – paying him an additional $900,000."

"Stambaugh had bought more than 200,000 shares of Maxim stock between 1998 and 1999 with his own money, but borrowed against the shares, which rose as high as $78 in March 2000, to pay taxes and make a down payment on a $2.3 million home."


So he gets away with 2.8 million, lucky bastard, owns a home worth 2.3, and received close to 1.5 in cash bonuses. Why would he take the job of CEO for 3 months for a lousy $12,000, which I highly doubt he's getting in full. I would think he's deferring payment into stock.


Not to mentioned, he's part of a very successful company which he co-founded called Ridge Diagnostics. Here's the link. http://www.ridgedx.com
Look at some of the individuals associated with the company, two major guys from Glaxo, which one of them heads the Bill Gates Foundation.


This is no Johnny come lately, this guy sees something in Cryoport, no reason for him to be here otherwise, IMO.