News Focus
News Focus
icon url

jcoukr

09/01/10 7:21 AM

#6906 RE: dwalrus #6905

once again why be here then? Please tell me why you would bless us with your time if you are not holding????

icon url

coldasice

09/01/10 7:22 AM

#6907 RE: dwalrus #6905

D, Before I depart for vacation, I know that you weren't directing your post to me, and I believe Bull or JC are very capable of responding if they wish. It's not about defending the company, it was about, can the company survive in these economic times which required raising capital. The fact that the company was capable of securing 8 million dollars, again, in a brutal credit environment, says a lot.
Maybe it was the companies story, maybe it was Larry Stambaugh, what-ever it was, the company and management succeeded, when companies with better fundamentals couldn't get through the front door. Unfortunately, the price paid, was an 85% haircut in the stock price in the short run.
If I was part of any of the investment groups, I would've shorted against my position and delivered the restricted shares at a later date, and played with limited risk holding onto the warrants. That's what we're witnessing today in my opinion. In the last 2-3 weeks over 1 million shares have traded hands, I wonder what the buyers are thinking.

So now that we have the money and can finally move forward, sales, sales, sales, should be the primary focus. I can't predict stock prices nor can I predict how the world economy, geo-political events and the financial markets going forward will influence CYRX stock price. I know one thing, companies that can expand rapidly, have a moat built around it offering an innovative solution to a long sought after problem, will eventually be rewarded.


Everyone, have a wonderful 3 day weekend!













icon url

baseball fan

09/01/10 10:31 AM

#6911 RE: dwalrus #6905

DW-Lets just say it’s a new day for Cryoport….

Please know that I’m disappointed in both myself and the company for the financial losses I’ve suffered owning this stock. I was one of the original investors in early 2006 who invested at $3.50 per share (=$35 PS after 10:1). I got sucked in when it was trading at $6.00 and I bought shares of the offering at $3.50. Seemed like a no-brainer….I should have known better.

Since then, I’ve participated in other offerings and I added a lot of shares in the fall of 2008. This was after the famous quote on August 15, 2008 by Peter Berry, “I look forward to significant sales results in the not too distant future”. As “Cryoport” the poster has noted, it is very risky owning a pre-revenue stock that’s traded on the pinks or OTCBB. It’s a great product that has simply missed due to poor timing and the company not knowing the complexities of the CRO distribution and shipping systems. I invested in the company because I have seen the product, the facility, and their competition. I’ve met some of the staff and have spoken to Larry Stambaugh. I’m a believer, but that didn’t help their balance sheet. Again, I should have known better.

So where are they today? They just raised 3M and expect to raise another 1M. As of June 30, 2010, the Company had cash and cash equivalents of $2,097,202 and working capital of $593,908. They appeared to be burning $350K per month so they should have about 4M in cash today. (5M if they raise the other million) There is the R&R show and the Philadephia Cold Chain shipping show in September. See http://www.iqpc.com/Event.aspx?id=338532 The Fedex Custom Critical division is expected to make an announcement sometime this fall. Maybe it’s before or during the show? There are also recycle centers that are expected to open this fall to support Fedex.

So here we are at 70 cents. You can either look at the value of your shares and cry or you can look at this as a buying opportunity. The balance sheet finally looks better and the shares have never been cheaper. The company has a selling agreement with Fedex and an announcement is expected later this year. And here’s the best part in my opinion; many of the Emergent investors have participated in the offering at 70 cents and received warrant coverage at 77 cents. They are not competing with the general public right now for shares as they bought shares with warrant coverage. It’s my opinion that this is a great time to add shares. If they can finally land a sizeable CRO, the shares of this company should quickly return to the previous levels. Good luck to all and have a labor free Labor Day weekend!

And one more thing, Win Twins!