IMO, this offering is just to keep Cryoport at the appropriate level with regards to available capital. Stambaugh going around explaining what is on the table to investors and bringing in immediate capital during negotiations on the larger financing package.
Hope to hear something before June 30th.
GLTA
On the economic plate this week: Tuesday FOMC Meeting – Day 1 Existing Home Sales Auction: 2-year T-note Wednesday FOMC Meeting – Day 2 Durable Goods Orders New Home Sales Auction: 5-year T-note Thursday Weekly Jobless Claims Revised Qtr. 1 GDP Auction: 7-year T-note Friday Personal Income/Expenditures/Savings PCE Deflators Univ. of Mich. Consumer Sentiment Index
It was the balance of the 1M raised by Emergent Financial. You might recall that they reported the first 370K of it back on May 13th. The original money was in CryoPorts account on March 31st. IMO, this money is being used to buy them some time while they complete negotiations with investors, CROs, and FedEx. It also was used to bring the exec officers current on their payroll. IMO, its all good!
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