I have been speaking with a number of individuals trying to determine the status over at CryoPort (OTCBB: CYRX). I recently spoke with another investor who indicated that CryoPort might be close to getting an impressive deal done. There were no hard numbers in our conversation, just a couple of companies and some rough estimates thrown about. The two companies are well known and are already doing business with CryoPort - as evidenced in press releases and other publicly available information.
Based on my conversations, using a realistic, but still somewhat conservative, income model on the those estimates would mean that the stock appears to be significantly undervalued at its current level.
Given the nature of my conversation and the source of the information, I am currently optimistic that we are nearing a major milestone and one that will be positive for investors. I am not at liberty to discuss details, however, today's volume has been promising and nearly all of it is coming in at the ask. At 70 cents per share, I can't imagine who would want to sell large volumes of stock, particularly with a potential deal on the horizon, but to each his own.
A review of the recent website redesign at CryoPort (www.cryoport.com) would certainly indicate that they are not shying away from letting everyone know they are in bed with FedEx. Hopefully the next press release that comes out will have some meat on its bones and include the ticker symbol of a large public comapny so this stock will finally get the eyeballs that it so badly needs.
Over the last month, my advisory clients have been net buyers of stock. We don't really want or need to buy more stock as we already have a lot of shares. But the stock is just so attractive here, we had to pick up some. If what I am hearing comes to fruition, I would expect to see a lot of positive momentum in the stock over the near term.
How long will it take to work out the details? I don't know. I do know that a very reliable source ask me to be patient. I know over the past couple of months, I have introduced some new investors who are buying the stock, including: money managers, brokers, individual investors and even a few of the original investors in the Company are buying some additional shares. If we could just get the sellers out of the way, this stock could surge.
I am looking forward to reviewing the Q1 financials and to see what kind of quarter over quarter improvements we are getting from our management team. If I don't see a deal get announced over the next month or measurable financial and operational improvements when reviewing the last 3 quarters when the numbers come out in August, I will begin to push a platform for change. I have already spoken with a number of shareholders that represents a significant amount of stock and believe that I will have the necessary voting block to effect a change should it become necessary.
Together with my advisory clients, we maintain a sizeable ownership in this company. I hear the frustration every day in this stock that we continue to expect so much from. And while I am fully prepared to become a change agent if necessary, I am 100% hopeful that it will be a moot point and we will all be in a much happier place in 30-45 days. If what I hear is accurate, I think we will be both happier and wealthier too.
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Hope you all had a Great July 4th and are experiencing a restful summer, even in these turbulent markets.
~ Peace ~
