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Talk of the bay: It's Cryo-Cell vs. investor in Oldsmar today

It's Cryo-Cell vs. investor in Oldsmar today

By Times Staff Writer
Published July 16, 2007


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It's Cryo-Cell vs. investor in Oldsmar today

The hottest proxy fight in the Tampa Bay area comes to an end today with the annual meeting of Oldsmar's Cryo-Cell International Inc. A major investor, David Portnoy of Bal Harbour, has been seeking support to replace the board of the money-losing stem-cell storage company. Cryo-Cell's leadership has fought back with letters to shareholders defending their performance. Shareholders will have the final say; votes must be submitted before the annual meeting at 11 a.m. at the Hilton Garden Inn on Tampa Road in Oldsmar.

Get the money ... if you can find him

Now, an update from the Good News/Bad News department: Federal securities regulators took a step closer last month to reclaiming the $82,960 that accused pump-and-dumpster Aleksey Kamardin allegedly netted via computer at a friend's Tampa apartment. A federal judge in Tampa has issued a default judgment against the Russian and ordered him to turn over the profits - plus about $5,000 in interest and $130,000 in penalties - to the SEC, forthwith. The bad news? Kamardin was last seen in the United States boarding a plane to the Republic of Georgia. The countries do not have an extradition treaty.

New development, but about credit ...

A St. Petersburg developer has a grand plan to replace the old Hollywood Trailer Park at Dr. Martin Luther King Street and 72nd Avenue N with 282 townhomes and a possible 70-room hotel. Here's the catch: That developer is Jesse Battle III, whose company is bankrupt and under a cloud for failing to build hundreds of homes for customers. Battle floated the Hollywood Project in a reorganization plan filed in federal bankruptcy court. Battle would lay out $52-million to buy and develop the mobile home park, evicting its residents. He and his partners would collect about $10-million in profits, some going to settle millions in debts owed by his building company, Construction Compliance Inc. Battle has been chasing private investors for the deal. His credit worthiness is sort of, you know, compromised.

What Cannonball car would you rev?

The Great American Run, a coast-to-coast road race that'll harken memories of the Cannonball Run movies, zooms out of four cities, including Miami, on July 29. While we know none of our readers would ever dodge the fuzz or risk injury to everyday motorists in such an endeavor, dream a little with us. What car or kind of car would you take to the starting line? Let us know, and the best submissions will be printed on the Drive page on Monday, July 23. Send your name, age, city, choice of car and few sentences explaining why to drive@tampabay.com.

[Last modified July 13, 2007, 21:54:30]


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