CryoPort Inc (CYRX)

[baseball fan]

Roswell Capital Partners, LLC v. Universal Energy Corp

Plaintiffs: Roswell Capital Partners, L.L.C. and Bridgepointe Master Fund Ltd.

Defendants: Universal Energy Corp., Universal Explorations Corp., UT Holdings, Inc., Universal Energy Services Corp. and John Does

Case Number: 1:2009cv07538
Filed: August 28, 2009

Court: New York Southern District Court
Office: Foley Square Office [ Court Info ]
County: XX Out of State
Presiding Judge: Judge Denise L. Cote

Nature of Suit: Contract - Other Contract
Cause: 28:1332 Diversity-Other Contract
Jurisdiction: Diversity
Jury Demanded By: None
Amount Demanded: $2,000,000.00

Alternative Construction Technologies, Inc. v. Roswell Capital Partners, LLC et al

Plaintiff: Alternative Construction Technologies, Inc.
Defendant: Roswell Capital Partners, LLC, Centre Court Asset Management, Bridgepointe Master Fund, Ltd., Camofi Master, LDC and Camhzn Master, LDC

Case Number: 1:2008cv10272
Filed: November 25, 2008

Court: New York Southern District Court
Office: Contract: Other Office [ Court Info ]
County: XX Out of State
Presiding Judge: Judge Denise L. Cote

Nature of Suit: Contract - Other Contract
Cause: Diversity
Jurisdiction: Diversity
Jury Demanded By: 28:1332 Diversity-Other Contract

Here's my point....The debtors continue to convert debt to shares and sell them in front of the anticipated S-1A. I have been wondering why they would do this. As they will be locked up and unable to sell shares for six months upon the approved S-1A, do these guys need cash or what? The need for cash seems to be the logical reason why they would continue to sell based on other investments that have gone sour and resulted in lawsuits. Any other thoughts out there besides soccer related comments?