I am not at liberty to discuss WFWL in a public forum, because the company and it's chairman are the subject of a federal investigation (which is the result of a complaint filed by yours truly). I stopped touting the company when I realized it was a scam. I already apologized to the members of this board, if my recommendations caused them to lose any money.
Like I stated before, I don't risk more than 5-10% of my risk capital on any one trade or investment. I took a 5% hit on the WFWL trade...no biggie. I make a lot of trades and have a lot of investments, not all of them are going to be winners. In fact, my winning trade percentage averages between 70-75% on the app. 2000 trades I make in a month. My investments are usually late stage private equity deals, where most of the business risk has already been mitigated, so my success rate in that space has been higher.
I have never criticized those on this board who might have invested 5-10% of their risk capital CYRX, because the Cryoport story is a compelling one. However, due to the uncertainties of the current economy and the poor success rate of immature companies, I warned them about being fully invested in this company.
On paper Cryoport's business model/plan made sense, but past and present management has fallen far short in the execution of that plan. The former CEO was obviously unqualified to run the company, and while LS appeared to have what it takes to take the company to the next level, he was handcuffed by the recession and credit crunch.
Nevertheless, he mishandled the follow-on offering and reverse split, and further exacerbated the problem by resorting to alternative financing methods that may have led to illegal shorting of the company's stock. Personally, I have questions about LS's integrity, and the possibility of his cutting "back-room" deals with Rodman and others that would be to the detriment of the shareholders.
No matter how you look at it, Cryoport is not where it should be revenue wise, at this point in it's development. The high growth company that it was portrayed to be should be generating $20MM in revenues by now, which would still be less than what was projected by management to investors.
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