CryoPort Inc (CYRX)

[LongCYRX]

My guess is because we have accumulated too much debt. Regardless of the story, no venture capital is going to be clamoring to take over millions in debt to see if a company can make it. You have to remember how much money has gone down the drain before Stambaugh arrived. (Something like $10MM) He is the only reason we got Renshaw support and I can't give him enough credit for what he has done since February. The cryoport story is a good one and could be great but has been mismanaged for a long time with respect to money, negotiations and governance within the company. After following CYRX for a while, I finally feel we have a good opportunity to prove our product and feel extremely excited about it.

There are still hurdles that must be overcome such as the vote(I anticipate it passing) and the NASDAQ approval(little worried on this one but we must be presenting something to the Nasdaq review to propel us forward). Obviously we are not there yet but I believe we are closer than we have been in long time.

GLTA