Personally I disagree. I think there will be plenty of buying opportunities over the next 12-24 months. Especially in the single digits. After 4+ years as a LTSH I finally sold out 90% of my position after the IND news earlier this month and I could not be happier with my discussion. With the recent increase in short interest after that news and the sharp drop in SP just days later, both with huge volume days, it is obvious nothing has changed and the whole "no shares available" for shorts to cover, is just not true. Plus the selling from institutions over the last 2 quarters does not look good (if you think they are buying then you are relying on bad data). Shorts are not trying or wanting to cover at this time. Over the last couple years the only people making money are the shorts, so they are not the dumb ones that are going to get burned. They will be just fine and will get out in plenty of time and walk away with tons of money. We still have an upcoming Proxy vote with a crazy incentive package and a $50M shelf overhang. Both of which will keep pressure on the SP. I think ADXS will eventually increase but not for many years. DO has a plan and it is to gather as many shares as possible over the next 10 years (just look at the proxy), keep ADXS flushed with cash via offerings, let the science do its thing which requires no involvement from him, and eventually sell his 2-3MM shares 8-10 years down the line at $100 SP and $10B valuation. He just has to keep acquiring and not get fired. The science will eventually get there. So getting in now at $7 or 2-3 years from now at $10, doesn't really make it a good buy now. GL to all the long termers. I just lost all confidence in Dan and will not buy back in until a new CEO is announced.
