CEO, you've missed my point completely. Perhaps I made a mistake on the conversion amount, I'll recheck that info.
From CEO previous post, " It does put a cap on how far the stock would move, but realistically where is it going anyway until we get some news of a deal."
That's the problem, the debt holders 1.3 million conversion in May was prior to the first FedEx announcement, they had complete control over the trading in the stock, they could cap it at .90 again. I think CYRX cash position is good until mid February 2010.
That's going to force LS in my opinion to move soon, either in the way of news or a road show.
That gives the debt holders the perfect opportunity to sell at what-ever level
they decide, unless they want to be team players this time around.
I don't blame the debt holders nor LS, but the debt holders control the trading, like it or not.
I'm glad they're converting and someone out there is absorbing the shares, but until otherwise noted,
the debt holders will determine how far this stock appreciates, as long as they have the ability to convert. If they want to be son of bitches, they could f**k us all in the short run. This is probably one of the most important periods in CYRX history, this is the moment we've all be waiting for,
I would hate to see that ruined because of two institutions.
CP
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