I suspect the same.
There is no way to know for sure what happens from here, but this week there appears to have been some stealth buying in volume, but the PPS has never been allowed to really move up.
If the theories about the hedge funds are true...that they shorted this from $22ish down to $4, and might now be positioning for a flip to run this back up...if that's true, they could be waiting for some significant positive announcement or deal from ADXS to trigger the launch.
That's the pattern we saw in CALA, with (coincidence or not) some of the same hedge funds involved in ownership. Saw it in PBYI as well.
If we see something similar here as what happened with CALA recently, assuming ADXS under Lombardo is capable of delivering something positive, when that announcement gets made we could see ADXS get run back to $14 to $19 on real news.
If the theory about the Big Short is wrong, well then I don't know what's going to happen.