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Agree. My worst investment too. But after losing over 80% and over $400,000 from the peak, I feel kind of stuck now trying to get some of it back. I keep saying "Maybe they're right. Maybe this company will eventually produce a product that will go to market and make tons of money. But, hasn't happened yet and mgmt isn't making me feel any better about being here. I just don't see them showing any concern for its investors.
And a new closing low. Yet another buying opportunity.
Agree Dmiller. PR issued for upcoming conference and look what happened. Tanked to new 52 week low. My theory on this is that investors and shorts see this PR and conclude (whether right or not) that no new information is coming soon and therefore either become fearful and sell (owners) or become fearless (shorts) and short some more.
And down we go to new 52 week lows. We're back at the same price we were 3 years ago when ADXS pps took off. Seems we can't find a bottom. We need some news with new trial results, not the same results hashed over again and again.
What do you mean who's selling at these prices? This is the going market price, around $5. The free market has determined that. The way we got down here is from a lack of any significant accomplishments or milestones by ADXS the past year or two. Besides NEO there's not much else ADXS has done to make other investors take notice. Not only that, but their recent business report only reinforces that at least for the near future there will be more of the same, especially with them now not pursuing further clinical study of ADXS-HER2. That was a stunner to me. Maybe some people are buying their excuse that they want to streamline their business, but to me it only makes me question their confidence in their products. The one way I can see it as "streamlining" is that they are trying to cut costs because they know burning thru cash as fast as they are they will need to raise more. So....that's why this is now the market price. I hate it because I'm losing a bundle, but kind of stuck now. I certainly don't want to sell here, but I think a lot of investors were scared out and they left, probably for good, IMO. I know I though about it too when it dropped below $6.
Yeah we're being smacked alright. It's going to take a long time to recover being faced with a potential delusion and no trial news expected for the rest of this year. Ugh
Good point again Bourbon. ADXS keeps hiring all these people which increases expenses further. What are all these people doing? Really, what is there to do? Are they all in the lab? I mean we already have the products in trials, so what is there to do besides sit around and wait for trial results? That's the problem with companies like this, there is no accountability. They can spend spend spend and put it on the investors bill. Meanwhile the CEO makes millions for a product that may never come to be.
Exactly right Bourbon, exactly! Why in God's name does it take 6 months to fill out papers? Someone should ask them this directly. Since it is OUR investment money they are using we deserve answers. You would think knowing their stock is tanking that they'd push hard to get the paperwork submitted. I mean come on, if you have a product that you know will save lives, then DO SOMETHING.
Exactly Bourbon. Great science. Promising results so far. And ADRO having similar products only reinforces ADXS products legitimacy. You do not see ADRO tanking like this. So why so hard to make deals with BP? Why aren't they knocking down the door? I've got to ask why is management (no matter who is the CEO) taking such a long long time to move things along? Isn't that a legitimate question us shareholders can ask?
Here's a question. Why does it take so long to submit a marketing application to the European regulators? I confess ignorance and don't know what all goes into such a submission, but I would think ADXS has all the data at their fingertips and all they need to do is draw up the document. It takes months to do this? This delay is killing us. Meanwhile, according to the PR yesterday another delusion may be waiting in the wings.
Now we know the reason for their silence. It wasn't because a buyout was imminent, it was because they had nothing but bad news and knew their stock was about to tank.
Great Post Mastiff. Of course there's no buyout in the making. Why would ADXS go thru the trouble of streamlining their business and dropping HER2 if they were being bought out? They wouldn't. They would just sell their company as is and the buyer would then decide whether to keep HER2 or not. The fact that they took the time to streamline, and for that matter the fact that they fired Dan, means that they are not selling. Otherwise they'd just sell and let the buying BP fire Dan and do the streamlining.
How many times have I heard that. Buy the dip. And I have, time and time again. Problem is this stock dips and dips and dips and eventually people run out of money and are stuck with lots of stock that is worth less than they bought it for. I'm tired of dips.
The problem with the buyout idea that some of you believe is that even if there is a buyout (which I don't subscribe to), by the time a buyout agreement is reached, the share price could be $4. And so even a 50% premium would only get us $6 per share. This is why ADXS needs to have some sort of good news first.
James, since you seem to be the most respected one here I'd like to get your opinion. Do you have any idea why ADXS is dropping HER2? I see the clinical trial says its still recruiting but guess it just hasn't been updated yet. I'm especially curious why they are stopping since it has been fast tracked. This just came out of the blue. To me, ADXS simply saying they are making a "portfolio rfefinement" is not a good answer. Companies don't just drop good products for no reason. So I am wondering what the reason could be? Could it be because they are low on money and it's too costly? Or could it be because they have results that are not good? But in that case I think they would have to release those results. It's baffling. I know you have common sense and won't give a ridiculous answer, like someone else here, that they are not pursuing because the company they are in negotiations with for a buyout doesn't want HER2. This whole thing just seems odd to me.
They haven't PR'ed because of an imminent buyout? There will be NO buyout. And even if there were one in the making, that's still no reason not to have any PR on the conference. For all you swearing there will be a buyout by the end of Sept, where do you get that? Where? I will be posting on this board Oct 1st reminding you that you were wrong on the buyout.
Everyone is asking why they don't say something. You ask yourself why is this stock down 5% while the IBB and Nasdaq are up over 1%? It's because investors don't like uncertainly. Is this silence making people flock to this stock? Obviously not, so the market, ie investors, don't like the silence. It's a no-brainer. And waiting for a deal to get done is not a good investment strategy, especially when there is no hint from management or any analysts that a deal is possible. It's all stupid rumor on this board. There will be NO buyout. None. You heard it here first.
I don't feel as positive about no news because normally people shout out good news as soon as possible and hold off on bad news. Seems to me that their presentation has already happened and no news yet?
We will get some new preliminary data from this conference won't we? That's what the PR said. Has ADXS made its presentation yet? Anyone have an idea when we will hear something?
See. Something's wrong when a company doesn't even reply to its investors emails. This company needs a PR point-person.
You guys talk endlessly about DO when you should be talking about the new CEO. Is he any better? So far I don't feel any more hope with this complete silence.
Khaled, You make a good point this is a risky business and it is possible that despite good phase 2 results our drugs could fail phase 3 and ADXS would become a failed company. Of course I don't wish that, but I am worried about it. I too have done the same as you, kept taking money out from other stocks and buying more ADXS. Really bad vulnerable position to be in. But I'd kick myself if I sold and watched the sp go up.
Raja, Yes I know. Somehow in this strange universe, good news makes this stock go down. But then if we don't get any good news, how can the stock ever go up? We need great news like trial results where everyone lived and a number of CR. Or something similar to that where it leaves no doubt in anyone's minds that we have a drug which will save lives and is better than SOC.
Looks like ANOTHER week with no news. :(
100% agree James. I laugh too, and shake my head, at the talk on this board of a buyout. There's not going to be a buyout. IMO, that talk is wishful thinking from people who have had enough of this stock relentlessly edging downward for months and months and months. Frankly, I'm tired of it too and I can't blame them for wishing for a buyout to recoup their money.
That's what I'm afraid of too. There's got to be a reason for investors' lack of interest in ADXS. And ADXS's silence doesn't make me feel any better. They need to put out good news, the soon the better.
You're right tinfoil. I'm not happy with the slow progress and lack of communication. Gives me the impression that ADXS management isn't trying hard to promote its products and build investor confidence. I sure wish I had never bought their stock. But feel stuck in it hoping price goes up so I can get my money back. I've lost faith in this company. Now I understand why so many people here talk about buyout. Though it will never happen, it is wishful thinking hoping to recoup their money. I should have stayed with NFLX.
Of course everyone wants to keep trials going. What's so strange about that? Haven't you ever seen news of a failed trial? The trial results showed their drug had no effect and therefore no reason to continue the trial. It happens. And then their stockholders' jaws drop and they say "Wow, I never thought that would happen to us." They blindly put their money in, believing their company had no chance of failure. But seems many here have the attitude that there is no risk with ADXS. I hope for good results like everyone else here, but at the same time I have to have my fingers crossed because you never know.
SAMK, I think ADXS has had some progress, but I wouldn't call it major. I mean what has happened since the last big trial results were released what, almost 2 years ago? Like I've said before, it's survival of the fittest out there. If you don't come up with a good product, someone else will. So you can't pretend like you have forever to get it done. Perhaps that's why Dan was fired.
Yeah, it's good that ADXS has a high short interest, over 10 million. But short interest has been very high for a long time so I don't pay much attention to it. Need some huge good news to scare the shorts out. I hope to get it soon.
We were suppose to get a 20% pop? I didn't know that. I'm waiting for that $20 buyout everyone here says will happen in August or September. I'm also still waiting for this stock to double (to $22 from $11) which I read last year will happen. Unfortunately that article didn't tell me the SP would drop to $6 before going up to $22.
Anyone want to guess the upcoming expected trial results in September? Will the results be far better than expected, about what we expect, or disappointedly worse than expected? IMO the only results which will move this stock up is far better than expected. But I'm going to guess the results will be about what we expect, enough to keep the trials going, but not enough to turn heads and bring in new investors.
So ADXS is saying they will have some trial results in their September presentation. I assume they don't yet know what these results are, good or bad, but they will know before the presentation. What I am wondering is when they do receive the trial results, will they make the results public before the presentation date?
You'll open your wallet again if it sinks to $3 or $4. That's the type of investor companies love, ones who open up their wallets and donate more money to them regardless of results. Kind of like Vegas mentality, lose money and then open the wallet to lose even more.
Silence is only silence. Silence doesn't mean that anything big is coming. And even if something big is coming, could be good, could be bad. But I do think it would be nice if Lombardo said something. Just what has he done since becoming CEO? Has he given us his vision of the company?
Some "beefy news in August/September"? Well, I think we'd all love some good news. But sadly this company isn't giving its investors anything to hang their hats on, and as a result we have a whole lot of people wishful thinking, hoping for a buyout without any shred of evidence. What's sad is that 2 years ago ADXS had a lot of loyal faithful investors (myself included) who believed in the company and its product, and the company let them down and now these same investors have been reduced to people who simply hope and wish for a buyout to get some of their money back. It's hard to talk great things and feel good about a company whose stock has fallen 80% and for all we know will fall some more. Is this new CEO going to be any better? What have we heard from him so far? I mean we haven't had any trial results in over a year. Throw us a bone.
"August will be the month of deals" And if I may ask, how do you arrive at this opinion?
I don't know why ADRO is doing so much better than ADXS (and up about 15% this week) but I sure wish I had parked my money over there. Now kind of stuck here hoping I can recover some losses before pulling out.
Exactly. A second shoe might drop. They haven't said the reason he left. But it could be because ADXS has some really bad news coming that they haven't released yet. That's the worry.
Yeah, he probably was forced out. But still, that doesn't exactly cause investors to flock here. There has to be more than a change at the top. There has to be some news that give people confidence and assurance that ADXS will succeed in getting a product to market, and it should be soon because investors are getting tired of this dropping PPS.