Discipline,
I think the removal of these individuals, how-ever nice they may've been, needed go. It doesn't take a rocket scientist to see it, from misleading statements via press releases, zero revenue and 9 million in capital raised with nothing to show in return.
I'll speculate and say, that perhaps potential customers or even Fedex didn't want anything to do with CYRX under the previous management, this was a true delay in the process, one which Stambaugh had to reevaluate, which has caused further delay. Just look at the action of the last 2 weeks, bodies have been flying. I really believe if you had capable managers originally,
we might have not only been producing sales, but even profits by now. It's just the nature of the game.
BBF is a very dear friend of mine, we've been on conference calls together, what
Stambaugh has to say is all public knowledge, but I tend to read between the lines
of his statements, I get the impression Mr. Stambaugh has some grand plan, and that he's two if not three steps ahead of everyone.
I'm waiting patiently, I really think CYRX a winner. The fact that Mr. Stambaugh has been renovating tells me a lot about the guys character. No more free lunches or rides. Lets hope he can pull it off soon. I don't have a problem sleeping in my tent during the summer, but come late fall or winter, that's a whole different story.
GLTA
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