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I'm asking how ADXS would know this? That's my question. How? How can it even be conjecture if they dont' know if its working in the first place..
You stated before the CC even started that AIM2CERV was continuing because it was working.... I asked you how they would know this. Still, again, how would they know this?
This is spot on. People are so deceptive here.
James also said the continuation of Aim2Cerv was because they saw it was working. Also misleading.
I'd argue that we won't see the data before a potential raise. It's not like its Q1 next year, it's 1H.
I'm not saying that a deal isn't possible either, but we've seen their deals so far. Love to have them execute for once on bus dev. we've paid for it.
Yes - I did. Good analysis. Unfortunately, we still don't know much though. Pathetic that he announced what he did 5 months ago and here we are...
I'll just have to pray for the best and hope you/him are correct for once that a deal will be made sooner rather than later.
Well then why don't they buy shares by the truckload if it's so cheap?? Cash for 12 months does not mean they'll run for that long. Dear...
Show me the money!
Get the IB team..
Cutting costs to 45mil is great and all but it's too late and still doesn't get us to the goal line. The market is not going to give them another dilution..
As they were advised, by experts, to cut it just 5 months ago due to HOT being a better (timeframe) alternative for funding. I get you're "assuming" they've got interest. So far all assumptions have been dead wrong.
They had a strategy, announced it to the world, and now they're changing it back. We're not even guaranteed the new trial will be accepted.
Again, I hope Ken says something about cash or something upbeat about a partnership for any of our products...
Oh please. I'd like to know what happened to his prior analysis where it made sense to cut CERV and focus funding on faster turn around (results) products like HOT. CERV was being cut for funding, so how are they doing it now?
As I said, maybe Ken has something up his sleeve on the CC. I hope he does.
I don't see how they take this positively either. Unless Ken has something up his sleeve about funding for the CC.
How would they know how AIM2CERV is doing today as opposed to 5 months ago, or even last month?
Calling it like it is. There's plenty of truth in this. Well said.
I hope he addresses some of the funding on the CC. That's all we can hope for at this point...
Ken stated 5 months ago he was basically cancelling AXAL and going to put resources in HOT, then does a raise, then he goes back on it and is now keeping AXAL and pushing out HOT. I'm not sure they have any idea what they're doing.
The move to make the wind-down statement 5 months ago was, at this point, the WRONG move. I'm fine with a company changing their mind, but to be as flippant as he was and telling the market so early and not realizing consequences is ridiculous.
Also, I fail to see how Ken has righted the ship and addressed the fiscal problem at all. Part of the constraint was cutting P3 trial. I truly hope they address cash on the CC. It looks like we're still living on a prayer..
Algo's can be broken in a heartbeat. Every stock in the world is manipulated. Every stock has algo's running in background. What's your point?
Should ADXS be treated different and given a break... and if so why?
So you think Amgen is stiffing ADXS? Found a way to not pay after first patient dosing even though they're required to?
Maybe NEO doesn't even really exist and this whole thing is a sham. Hard to tell..
The safe bet is he'll finalize the outcome for AXAL. This looks like it'll be a wind-down, which is what it is.
My only hope is that he doesn't complain (much) about the share price on the update. I never enjoy a CEO complaining about it, they know what they need to do and they just need to get it done. Not one person here thought AXAL would ever be where it is today, but low and behold, here we are. No deal and no money.
Because it wasn't in the contract as a milestone payment.
Deferred revenue is a liability. It’s money that is received for services not yet rendered. It’s part of the matching principal in accrual accounting.
Is this the same hit that has been going on for a couple years now? Same hit and manipulation that led investors to leave? Same hit that saw tutes bail? Same hit that saw Edelman sell after a few months?
When will our controllers give the ok to allow independent investors to buy again and tell tutes to stop selling?
This stock has become a total joke. NEO is so far off it's ridiculous. Time for them to cut 50% plus and rely on Amgen partnership to get us there.
Spot on. He showed too much too early. It's unfortunate.
Hahaha. You have got to be kidding me. Completely untenable business plan, massive cash burn, zero deals, pulling of AXAL Ema, postponed dilution from 7's until 2, dilution again 6 months later. And you say it's not management's fault?
Give me one piece of news management has said or done in the last 2 years that should have warranted them better terms?
This is not a benevolent market to aid adxs whenever they need cash. They made them flush with 200 million over last few years and look how they managed it.
Analysts were looking for a valuation of at least $1 billion, saying that the company probably gets a “management premium” for CEO David Chang and Chairman Arie Belldegrun’s previous experience at Kite Pharma Inc.
OMG I wish that could happen. Most everything these guys have done while looking in the rears has been an utter disgrace. I'm not sure what they were thinking or what in their eyes went wrong for us to be here. Was it ego or stupidity, or maybe both. They had to of known the market wasn't buying their game plan and they failed incessantly to show them they were wrong.
My concern at this point is why would Amgen even care? I would welcome the possibility of mfg plant sale, however.
I agree with you. We don't know. My opinions are purely based on their prior performance in securing such financing and the subsequent 50%+ sale of the company this year. I have no doubt that's not what Berlin/Lombardo wanted, but it's exactly what transpired.
If they have any doubts on other forms of financing, then why not do the prudent thing and wait on NEO while cutting to the bone? Seems rational to me.
I'm still uncertain on Berlin with his raise and his early announcement of AXAL. Those I have not yet reconciled, but to each their own with regards to what they look for in trusting a new CEO.
Raja, that's standard operating procedure. The point he was making there was not that they would run it until then, but that they have enough cash to operate a year from that day for going concern issues. No company runs until empty.
I don't trust them and I dont know how anyone could at this point. I would prefer they cut their costs and wait for NEO at this point. They haven't been effective in judging a thing to date, and now we are the ones holding the bags. Their gambling is our burden and loss.
If they want to wait for NEO data then they should cut our cash burn down to a point where we can actually reach that milestone before diluting shareholders again. These guys have misjudged all their deal prospects and have blown 100's of millions and now we trade in penny land. It's absurd.
Hey, that's almost what Ken makes a year. LOL. That deal may have covered 90% of his paycheck (minus the 150k bonus).
I don't belive that for a second. Him making the announcement in itself says he doesn't have much of a strategy for it. Damage has already been done. I would like to know where we are with it though. They can't continue pumping money into it as AXAL winddown was a big part of the cost cutting.
I expected an update as well. It's what he said he would do given his public comments on AXAL 4 months ago. Even if it's just a heads up that we need another month or two. That's only rational if you're a shareholder in this company.
They can't raise more money until they request for authorization additional shares. This is getting scary.
Thought all the manipulation/shorting haters on this board would appreciate this tweet.
Just want to that the Shortseller Enrichment Commission is doing incredible work. And the name change is so on point!
— Elon Musk (@elonmusk) October 4, 2018
The question is about his timing, nothing more. I agree, I took him at face value, he's most likely winding it down. It's been almost 4 months now. That's it.
Yes. But to afford a company like Amgen the benefit of not having to file as they secretly acquire a company is littered with conflicts of interest and unfair practices. I can't belive for a second that this information is not readily available and discussed in all situations involving drug companies and their partnerships.
The payments to ADXS being secret I understand. This is also a standard practice.
As I said, until anyone (some have refuted it) can provide evidence that this is possible, then it has to be a nothingburger in my mind. Just more wishful thinking cause it sounds good to people here.
I'd love to see any shred of proof that this is possible? This keeps getting floated around and I have yet to see a thing.
Probably cause it's not allowed.
Well then why keep tiptoeing around what he said? There's no way he thought news like that would make the stock bounce. I think he said it to prove he was cutting costs. That also says he doesn't see value short term. IDK how else you can extrapolate his decision to announce it short of it being highly probable he dumps and or winds AXAL down. Therefore, his decision to announce it was required.
That's a possibility for literally every trial at any time. Why would you say that unless you were fairly certain of it? It's our P3 lead candidate, I don't believe you say something like that lightly.
Ok - yes, this is stupid. I never faulted him for saying that, how could I, that was his decision to make. I was commenting to CAT about how literally anything is possible and where/when do you divulge.
I will say I hope he was pretty certain with his decision in winding it down to make such a big announcement. But who knows.
I have no idea what you're trying to get at... Are you saying he'd be breaking SEC rules if he hadn't announced it 4 months ago?
From a business sense, CAT was asking why you would announce such a thing so early and then proceed to dump 30 million shares? Unless it was basically set in stone.
I know you've said you don't believe AXAL will be shutdown, so why announce a total winddown unless it was definitely happening right then and there?
Of course I do. I have to. He said it publicly.
I've heard you say to the contrary. What's your stance on AXAL today?