The reason CYRX isn't selling off in anticipation of the of the impending dilution is the because the stock is being supported, most likely through BTIG. The stock is supported EVERY time they do a capital raise, until the offering is closed. This is fact, not speculation - it's the way it's done. When they did the public offering, Rodman supported the stock, and when the offering was finished and they had completed the unloading of the stock on their retail clients, Rodman backed off and CYRX sold off.
Naked short specialists seek out these very opportunities amongst varying other kinds of over valued stock plays. If you look at the Level 2 of CYRX you will see the MMs, CHDN, STXG, CSTI, and PUMA - they are all naked short specialists. They are in CYRX for one reason and one reason only. They are circling the wagon, waiting for the right time to strike.
Just watch what happens after the offering is closed, and pay close attention to what these particular MMs do.
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