CryoPort Inc (CYRX): IMO, the product is the easy sell, the c...

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coldasice

Re: LJT200 post# 3225

Tuesday, 06/30/2009 3:40:24 PM

Tuesday, June 30, 2009 3:40:24 PM

IMO, the product is the easy sell, the company the hard sell.

My reasoning, If you were a fortune 500 company, would you do business with a company that produces $9,000 in revenues PER QUARTER? Would you do business with a company that at one point, likely had a couple of hundred thousand in the bank with a burn rate of $150,000 per month? Would you do business with an inexperience CEO?

I don't care if you're the customer looking to buy from us, or possibly a company looking to lend us, you better clean house.

IMO, Stambaugh appears to be doing just that. To me, that's the missing the link to our revenue issues. I mentioned this before, If you want to pee in the tall weeds with the big dogs, you better start acting and thinking like the big dogs.

IMO, the Fed-Ex joint proposal plays into that process. The raising of the million as well, the new sales rep, the new board member, it's all part of tidying up the house, and presenting the new and improved CYRX.