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CryoLife Inc. Message Board

  • value_vulture_01 value_vulture_01 Aug 11, 2010 2:13 PM Flag

    Cry v Medafor Update

    ...Medafor prevailed recently in a partial motion to dismiss on one of CRY's (silly) claims in their complaint (the Georgia RICO argument). The lawyers on both sides are the only winners on that big waste of time; but, imo the next Order(s) to come from the Court won't be as kind to Medafor...the lawyers still get paid regardless...

    ...also imo Medafor shareholders are being played like fiddles while their equity is being looted and spent on attornys who won't take company stock. Minnesota AG should be looking into things there and CRY should be running for the hills after getting their contractualy obligated volumes of product and extracting their pound of flesh out of those 3 Stooges. You lie down with dogs and you get up with fleas.

    ...end game getting near...unless the lawyers throw out some more $peed bump$.

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    • dlhild Aug 11, 2010 7:06 PM Flag

      Value, you said the same thing months ago.

      So what is different now?

      What has changed now?

      I too will not be surprise if the judge rules against Medafor on the narrow UCC issue before the court. But that ruling will not resolve anything of substance. Contract resolution via trial is 2 years away, the judge has already said as much. By then Medafor might as well run off the remainder of the contract and then dump Curly Anderson and Moo Lee on their proverbial butts at the end of 2013.

      Do you personally know GS, GT, and their talent set?

      The best thing in the world for Medafor shareholders is for Curly and Moo to keep GS and GT growing Medafor sales. Medafor's real value is not now, but 2, 3 or even 4 years from now. So what's new & true?

      Thank you Curly. Thank you Moo.

      • 1 Reply to dlhild
      • I have no personal stake or allegiance to either side and know no one personally. In full disclosure currently i am short CRY as I have been playing the swing between 5 and 6. The few pennies in earnings that are being blown on this Medafor nonsense and the resulting multiple adjustments are squeezing the trading range and cutting into my take of the scrilla. I agree with you that CRY management are neandrethals, but therein lies the hidden value that has yet to be unleashed in CRY (unless the little Anderson prodigy takes over). My DD has been spent more on CRY but what i've learned and talked to folks about Medafor leads me to believe that their management team is even worse and certainly is less regarded in the industry. Tread carefully...I have seen the ending to that movie a few times and it is never a happy one. It is in the best interests of both of these companies to just shake hands and move on.

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