Don't forget, you have a good chunk of warrants set to expire starting next month and running into next year. Not sure of the exact amount. That should help offset future dilution, if not exercised. And I would think in order to exercise those .77 warrants, the stock would have to be a sufficient amount higher than .77. Or perhaps, the stock trades in a range the warrant holders feel comfortable with. That's a nice cash infusion, which would probably minimize the effect as well.
The important thing to remember. Is the growth exhibited by CYRX, greater than the rate of dilution. I suspect Cryoport will be an 80/90 million share company. When one evaluates all components. The portal, the patents, the partnerships, the quality customer base, tax losses carryforward, and future growth, one can start to place an estimated value on the stock.
At today's market cap, the stock is trading at the present valuation of the technology!
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