Replies to post #3358 on CryoPort Inc (CYRX)

[baseball fan]

Dee Kelly to Resign as Chief Financial Officer and Vice President of Finance of CryoPort Inc. Effective August 20, 2009. On July 20, 2009, Dee Kelly informed CryoPort, Inc.'s Board of Directors of her intent to resign as the company's Chief Financial Officer and Vice President of Finance effective August 20, 2009.

Dee S. Kelly CPA
Chief Financial Officer, Principal Accounting Officer and Vice President of Finance, CryoPort Inc.

Age 47 Total Annual Compensation $120,000 USD
As of Fiscal Year 2009

Dee S. Kelly, CPA has been Chief Financial Officer of CryoPort Inc. since August 2003 and serves as its Principal Accounting Officer. Ms. Kelly served as Chief Financial Officer of Naturade Inc. from January 2007 to April 22, 2007 and its Principal Accounting Officer until April 22, 2007. Previously, Ms. Kelly served as Vice president of Finance for Cryoport, Inc. since August 2003. She served as Vice President of Controller of Equifax Financial Services, Inc. from 1995 to 2000, Corporate Controller of MacGillivray Freeman Films from 2000 to 2001, Corporate Controller of Masimo Corporation, a manufacturer of patient monitoring devices, from 2001 to 2002 and a principal of private consulting practice since 2002. Formerly, She was with Ernst & Young, LLP and has 22 years in private and pubic accounting with financial experience in manufacturing based companies with both domestic and international operations. Ms. Kelly has held a number of executive financial positions with international bio-tech and medical device manufacturers.

ANNUAL COMPENSATION*
Salary $120,000

STOCK OPTIONS*
Exercisable Options 392,252

By my calculations, she currently owns 51,000 shares and has options for 392,252 shares. I dont think you walk away from a company with the promise it has unless you can see the light at the end of the tunnel. If this stock becomes the $7.50 pps stock as has been predicted, she walks away with 3 million dollars. I'll take this resignation as another positive sign.

About a replacement, I expect that we will see the two board seats filled and a new CFO announced before the 10Q is due 8-14. Realistically, probably much sooner than that.

[coldasice]

Discipline, I believe Carlson has been gone for a while.

To quote Michael Douglass from the movie Wall Street " Well In my book, you either do it right, or you get eliminated."
I'm sure they're a few more on the list.

California has close to 12-13 % unemployment, who in their right state would leave a $120,000.00 dollar job in this economy. I wouldn't be surprise if the one big sale of 45,000 shares yesterday, wasn't Ms. Kelly selling.


One thing and one thing only, REVENUES, in the end, everything else is just noise.


One thing I always thought about in reference to logistics. I remember looking at the Quest Diagnostics web site under clinical trials, I noticed they don't use just one transportation company, more like 5 or 6, something to leave us all thinking about.


GLTA