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Anyone have any idea who is in charge of the class action lawsuit? I saw a law firm representing Canadian investors only. Are non-Canadians not represented?
What media are you guys looking at for this expected news? Where will it pop up first?
80 cents now? Wow, what happened? I haven't followed ADXS since I sold all months ago. Looks like they offered new shares? That's exactly what I said would happen if we authorized them. Didn't management say they just needed these new shares to have better leverage? Boy did they take everyone for a ride. One of the most important things when investing is good management. When you can't trust the management it's time to leave. So happy I did.
Unfortunately your "holding for the science" is costing you. Sure happy I sold above $2.
You'll buy more after the next dilution huh? That strategy hasn't worked so far, but you keep on throwing good money at this. Btw, there wouldn't be another dilution if we hadn't authorized more shares. Shareholders are causing their own pain.
zzaatt, what's better? New shares authorized which eventually become new shares issued (and by eventually I mean like near the end of this year when funds run out) OR no options, ie company has to accept being bought out by another. First option means a certain dilution with sp falling further. Second option (buyout)may actually have provided a boost in sp. That sounded better to me. Yet, shares were authorized and here we are, still below $1.70. All we did was buy the company more time. Yeah, that will work IF we get great trial results and drum up interest from BP. But, looks like these latest results have done nothing. So.....what's the next boost? Just my thoughts.
They've diluted before, and if no deal then they will dilute again, of course. What other options do they have? And we put ourselves in this position by authorizing more shares. Should we begin buyout rumors again? lol I'll start it. Buyout coming, $20 a share.
It does make you wonder when a former employee/executive buys a large lot of shares like that. Was there a plan to destroy the share price then buy at the bottom? If there was then people should go to jail. But I wonder why Dan would buy in January at around $3 per share and before the issuing of more shares. Just my thoughts.
All that talk on this board about a buyout. People were talking as if it were a sure thing. But once again it was just wild speculation that turned out to be wrong. That's why I've learned to be cautious when people speculate here. Now consider this, what if we hadn't authorized new shares? Would there have been a new CEO or would we really have had a buyout? ADXS had to wait until new shares were authorize before they chose a new CEO.
Yes of course selling the company for $300M would be better for shareholders than another dilution. And if we shareholders hadn't voted to authorize more shares then that option of dilution wouldn't even be there. That's one reason I'm skeptical about the idea that buyout talks are even taking place. Yeah, management silence is odd, but that doesn't necessarily mean that buyout talks are taking place. Could be, but that's all speculation. But what's NOT speculation is the fact that the company wanted more shares authorized so that they would have more control and be able to remain in business longer. And if they feel they need to issue those shares, they will. They've already proven that. We're back in the same position we were in February, a falling PPS and the possibility of ADXS issuing more shares. That's why I sold all my shares a few days ago, again. I really had hoped we had reached a bottom and good news was coming soon. But geez, this thing just won't stop falling, and I hate to keep riding it down.
It's funny. People here are talking like it's a known fact that a deal is being negotiated. It's only speculation. I've seen speculation so many times on this board turn out not to be true. What's sad is that people keep their money in this stock based on this wild speculation (which often turns out to be false) and ride this down to new lows while continuing to lose money. I'm not saying a deal is impossible, only saying we don't KNOW a buyout is coming.
Gemineye, yes I know you were crediting the source and that's a good thing. I jus didn't know who she was. Thank you!
Yeah but who is Monica Patrick? She's the one who supposedly stated this. This statement is meaningless to me unless I can attribute it to someone or an organization of importance.
Gemineye, again I must ask who is Monica Patrick? I wasn't able to determine by internet search. Nobody important I take.
Who is Monica Patrick?
Mortman, no not borrowing against mortgage. Using money from my retirement account. Lost 2/3 of it on ADXS. Yes I missed the proxy results because didn't own any ADXS shares for a while and didn't pay attention. And yes thank god I missed the dilutive raise.
Ok, so they did get the shares authorized. I didn't know that. TY! I wonder when those new shares will be issued? Hope I guess right again.
Any information on the vote to authorize more shares? Anyone have an idea when we will know?
Good work TC, I wonder why Sophia answered the phone in the first place? When she told you to contact Noelle, why didn't you tell her you already have and she wasn't responding?
That's classic commentary Hornet. Much of what you so colorfully say is true. I agree there is no regulation which says that a company must go radio silence if a deal is in the making. If I'm wrong then someone please point out where that regulation is. I think this is just the way ADXS handles its business. They're not the smoothest bunch. If indeed they have made a deal and have divested and have done away with 5 execs in accordance with their BO agreement then they've kind of put themselves out there to be noticed and they have chosen to ignore the public in hopes of the merger being approved quickly. It's possible. Anyway, you make many arguments Hornet that this company likely is unsustainable much past 2018 and has no choice other than to seek a buyer. And for that reason, combined with this odd radio silence, a BO seems plausible.
I never knew companies had to wait 30 days while being approved by FTC and/or DOJ. And I suppose these companies aren't allowed to report that they have a tentative agreement/deal? So they just quit communicating. But from what I've seen over the years, most deals just suddenly are announced and catch many people by surprise. But if companies have to wait 30 days then shouldn't this become obvious in pretty much every merger situation and in and of itself be a clue? Seems to me that ADXS/Noelle should be answering their phones and if/when someone asks about a possible merger deal they just say "I can't discuss any possible ongoings regarding that other than that we are open to all possibilities and are business as usual." Otherwise, to completely ignore the public makes them look suspicious and catches attention. But then again, ADXS management may not be the sharpest management team ever put together.
Maybe the authorization of new shares vote didn't go how they wanted so now they ignore the investors. Payback. lol
It would be great to double my money. But I'm not counting on it. Seen too many rumors fall apart and end up being nothing. It's purely a crap shoot.
Actually I'm not buying from my paycheck. I'm using my life's savings, which was mostly destroyed by this stock when it tanked from $30 to $2, losing over $400,000 in all. So I'm pretty much toast. Living paycheck to paycheck now. Last 2 months I was late paying my home mortgage because just didn't have the money. (We have 2 young kids too.) Trying to salvage something now and hoping to get back some of my losses. This has been very disappointing, to say the least.
If the company has not replied to anyone for 2 weeks, that's just so odd. I'm not so sure that's a sign of an imminent deal or buyout because I've never seen a company go radio silence for 2 weeks just before a deal or buyout. In fact, they wouldn't want to do anything out of the ordinary because that would be a clue something is up. I'm beginning to have my doubts about a buyout (of course AFTER I bought 8,000 shares yesterday). I'm beginning to think this is another one of this message board's odd topics where people here throw out conspiracy theories and latch on to ideas which eventually turn out not to be true.
So what was the result of this Jan 29 court hearing? I missed who the plaintiff was? I wonder if this has anything to do with the 5 missing execs?
Interesting. Ok, I claim ignorance. I didn't know anything about this. Is this related to the 5 execs missing? On a different note, did anyone manage to contact anyone at ADXS today?
Ok I did it. I bought back in, nearly 8,000 shares. Only one-third what I had before. But with all this going on seemed like a good thing to do. I just hope this isn't another of ADXS head-fakes.
Really? Who's going to ADXS HQ today? On a side note, I wonder why if this company is being bought out why the stock is down 4% today and not much volume?
Two weeks really? No communication with ANY management or PR? I thought it was just this week. No one here has had any contact with anyone from ADXS for 2 weeks? And they haven't replied to anyone? Hard to believe, a public company.
Big Barnie fake news? I said "if there is no news Friday or Monday and if they issue news explaining the missing execs and their silence which isn't related to any buyout, this stock will tank big." You can disagree if you want. That's just my opinion. Nowhere in there did I say I hoped this stock would tank. Right now I'm trying to decide if I should buy some today. If I buy some today then I CERTAINLY don't hope my stock tanks.
Yes I agree Friday is not normally good news. And I wouldn't think ADXS would want to keep a secret all the way through a weekend and so I thought there likely would be news this morning. Maybe after the bell today? If there is no news tomorrow and none on Monday, or if there is news explaining the missing execs and their silence which isn't related to any buyout, this stock will tank big. Why does stock investing/trading have to be such a big headache?
abuhafsa, have you tried calling Noelle? How quickly does she normally respond to your emails? Same day? What is her email address? Maybe I will email her too.
mm2k, to be fair, most buyouts happen without any "one good piece of evidence". A company isn't going to give you much to go on until the announcement. They keep it hush, otherwise they might be accused of violating rules and could be in legal hot water. So investors have to connect the dots and basically go on their hunches or just make an educated guess based on the little info they have. Regarding the recent offering not making sense, hard to know what's in management's mind. Maybe at that time a deal wasn't imminent and they felt they needed more money to keep afloat until end of year. I don't currently own any ADXS but I must say I'm considering buying some because all of this IS unusual. Has anyone been able to contact Noelle today or Lombardi? They're a public company, we should be able to reach them. If we are still unable to today, then something has to be going on.
But what I don't understand is that if they have already made a deal and are implementing it by removing the employees, then why haven't they announced the deal? You would think that they would do everything at the same time.
Yeah, maybe it does. If management isn't able to be reached and aren't answering calls, something is imminent.
Interesting response. And your question still did not get answered.
Would someone be so kind as to update what is going on with ADXS? I see up 8% today. Anyone know why? I didn't see any news. What's going on with the 4 missing execs and Noelle missing too? Or not returning her calls. Any news on the authorization of new shares? Any rumors on when the hold will go away? Just looking for other people's views. TIA.
What announcement? I haven't kept up with ADXS past few days. Last I heard there were 4 execs missing? Don't know what that is about. Is there an announcement expected? Or just another rumor?
Right, those people who bought $2 shares are down over 20% now. And wasn't $1.80 a buying opportunity? Like I've said before, this has no bottom. Just wait and there will be other better "buying opportunities". I've never seen a company stock like this one. Sad.