CryoPort Inc (CYRX)

[discipline]

Thanks C-Port, great reporting from the R&R conference.

I'm going to the shareholders meeting. Who else is going? Would love to meet guys from this board.

We are still paying for the sins of the "Peter Berry Era".
The financing agreements he signed were atrocious. At 3/31/2009 our total loan obligation was $2.9 million, yet our total annual interest expense paid was nearly $2.7 million. It doesn't take an MIT graduate to calculate this interest rate as ridiculous. The man who signed these notes shouldn't be allowed ever negotiate financing again.

Berry handed out stock warrants like bottled water. On a quarterly basis we are seeing our position in the company shrinking as more shares are issued and outstanding. I believe Berry still has over 900,000 warrants, Ken Carlson has 300,000, Dee Kelly has 400,000. These people failed miserably, and their warrants should have been terminated when they were. As C-Port and Michael Douglas said, "You either to it right, or you are eliminated."