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I haven't kept up with ADXS last few days. Did 5 execs get fired? What happened?
You're right JB22. Of course there's real selling and I'm a prime example of it. I sold all and currently hold no ADXS stock. And I'm sure I'm not the only one who has sold. To suggest that the sp drop is due to computers and not from real sellers is ridiculous. The free market is alive and well IMO. Just look around at other stocks. Most other stocks you don't see people claiming manipulation or blaming computers for their company's sp drop. Believe me, good companies are rewarded with rising sp and bad ones are not. To not believe in this is to not believe in the free market.
LOL, Now that's funny. You've got a good sense of humor Chemist. Unfortunately you're right. The way ADXS is falling even a 20% discount is in the red. That's why every time someone says "Buying opportunity" I think, is it really? Or is it just a trap for suckers? Because soon we fall even further. That's one of the problems (thought not the biggest) with this stock, no one wants to put big money in it until there is some definitive show of proof that the bottom has been reached. It's a self-fulfilling prophecy of sorts.
Right. Another new low and ADXS hands out 20% discounted stock to its employees. Some here even want discounted stock given to their janitors. Successful companies spend their money wisely. This is what happens when a company throws money around, their stock goes down. I wonder if ADRO gives discounted stock to their janitors.
Maybe I'm old-fashioned but I always thought that people had to earn their money. People and companies should be rewarded for a good job. I'm sorry but I don't see ADXS doing a good job. Yeah, they're good at rewarding their employees. But what has this company done the past 3 years that deserves reward? Is it possible that is one reason the SP has declined? Or is it purely manipulation? Its foolish to give away money. And rewarding someone(s) who hasn't done anything deserving is foolish. A fool and his money are soon parted. And we've all lost a lot of money here. Big question is, are we fools or are we innocents who have been tricked? We put money in, it goes away. What's the definition of insanity? Keep doing the same thing and expect different results. That's why I don't currently own any ADXS. I refuse to be a fool any longer.
Throw the ADXS employees a bone? Isn't ADXS already the best workplace in New Jersey? Seems you care more about ADXS employees than you do investors. This "bone" is coming right out of OUR pockets.
Yes ubmmg, it's amazing how fast ADXS is to pay themselves, but how slow they are doing everything else.
Speaking of Tony, how long is it until a "temporary" CEO is no longer considered temporary? Can they use the term "temporary" for a CEO who is there for a year? Two years? I wonder why they don't give us a clue as to how much longer Lombardo will be there or any updates on their search for a new CEO? I know we've discussed Tony being there as the "fall" guy when something goes down like dilution (which has already happened) but that's only a guess on our part. Is this normal for a company to take this long? Just seems odd to me.
JB, ignore him. He always assigns some sort of emotional reason to people who differ with his opinion. He said I was emotionally unstable too. lol. But you're 100% right JB. Of course dilution at $2 is bad news. And of course the longer ADXS takes to get its drugs to market, if ever, the greater the odds that some other company develops a better drug that makes ours obsolete. Eventually it will happen. Science marches on with or without ADXS. That's why all these delays and holds are disappointing and that's why the SP has tanked. Investors aren't always the most patient bunch and will move on to better investment opportunities.
Makes sense to me Bourbon. There's a reason, or reasons, the analysts reduced their value of the company. How can anyone think SDXS is still worth what it was 2 years ago when there was more hope for the company. Also the share value ALWAYS takes a hit when the company issues more shares because even if the market cap stays the same, there are more investors to divide the profits between. So if ADXS could have gotten say $10 a share in a buyout a month ago, now it would be divided among more shareholders and maybe only $8 a share now. So yes, dilution hurt us, if we believe this nonsense that we need to authorize more shares because by God this company has the right to survive, then we are allowing ourselves to make even less.
Yes, exactly right Mortman, I like volatility and use it to my advantage. And TraderBx, I've already explained my reasons for buying at $2.08. Please check my other posts. And, btw, "I've done pretty good "blindly" jumping in and out. In 2017 I added 3560 shares of ADXS simply by trading, selling high and buying low. In other words, I gained about 17% extra shares by trading. And now that I wasn't invested in ADXS during the dilution, I could buy an additional 4,000 shares if I wanted. So I wouldn't call it "blindly" jumping in and out. Still, I lost money on the year (2017) because the company stock sucks.
Yes, I bought back 3600 shares at $2.08, then sold this morning at $2. So I lost a bit, but that's normal to lose with ADXS. Only lost 4% so I will accept that. But at least I didn't lose 4% on 20,000 shares that I previously owned, it was only 3600 shares.
I'm here to make money, not to be loyal to any one company. Unfortunately I made a big mistake riding ADXS down from $30 to $2ish. Lost lots of money ($400,000). And I did lose my principal. I will try something new now. I'm moving on from this dog company and rolling the dice day trading, looking for any opportunity. And I don't rule out day trading ADXS if the price looks right after another big drop.
Both are risks, selling or holding. I can always buy back in and that's what I intend to do if this tub ever gets moving in the right direction. In the mean time I can take my chances with much better companies and opportunities. And I will day trade ADXS when I think the time is right. Btw, I sold today at $2.00
Yes. Didn't you read my post yesterday, me hitting myself in the head and saying "Stupid, stupid, stupid. Why did I get back in?" I'm the one who made the decision to get back in. And it would have been real nice if ADXS had discriminated that information (clinical death) in the morning premarket, then I would not have bought in, not at $2.08 anyway.
Julius, that's a good question and I'm glad you asked. I didn't just sell in disgust, but also fear that no matter what the authorization vote, yes or no, the market would not like it and we'd fall further. Also I feared that ADXS would dilute regardless of the vote. If the vote was "no" then they'd still offer up whatever shares they could, and if the vote was "yes" then they'd offer up more. Basically I looked at ADXS management as like a drowning man, doing whatever it could to stay alive, even if it meant dragging down others with him. And after seeing them dilute WAY before the authorization vote, obviously I was correct. But I must say even I didn't expect it that soon. But I was being cautious. What I was doing was buying during the trading session and selling all before the end of the day. Since normally this kind of news comes during non-trading hours I felt I was safe to day-trade, but not to hold overnight. Lucky for me I was doing that.
The reason I bought back in was because I figured the bad news was behind us (dilution) and seeing how ADRO has been skyrocketing (up like 40% the past week or two) and then ADXS had that big pop at the end of the day on Friday, I thought ADXS should not fall too far behind ADRO. In other words, ADRO should drag ADXS up with it. ADRO market cap was something like 6 times ADXS and I felt it should be more around 4. So I thought we might be about to close this gap a bit. Also the short interest had that dramatic drop, which said to me that even the pesimistic people felt the price was too low. But, unfortunately no way to predict news like we had yesterday. GLTY
Yeah right. Bourbon has lost patience and I am emotional. And we're categorized that way because we disagree with you. You're waiting to wait two years for KITE money, but there is no guarantee of KITE money here. You also said you would worry if the share price dropped below $2, and now that it has you said you're not worried at all. Dilution, no worries. Clinical death and trial halt, no worries. IMO, Bourbon has lots of patience. He's already waited from $30/share to under $2 the past nearly 3 years. IMO that's a LOT of patience. Now you suggest waiting two MORE years??!!! Ridiculous.
"We agree that the stock price is immaterial to the buyout value of the company." Right. The purchasing company will just turn a blind eye to the market cap/share price and ignore it completely. They will just throw their money around as if it's play money. Does anyone still think this company can/will get $50 per share? How about $20? No, people and companies will not just ignore the events of this company. They will consider all relevant events including a halt because of death. Honestly, I just don't see the kind of news coming from this company that should give anyone confidence this company is worth much more than $3 or $4 a share. IMHO
"No dilution before EMA, but if it is needed it has to be available. No other rational way to look at it." Well there you have it. Your view is the only rational one. You just proved it. We have to vote Yes so the company has it as an available option. Pony up everyone. It's the only rational company to keep this company in business forever, as is our moral duty to do. lol You said in another post that you were disappointed you didn't get to buy shares at a lower price. Don't worry, if the company does what you suggest, you will have your chance at lower share prices. That's one thing you can always count on with this company, a lower buy-in price in the future.
Hovacre, I agree that ADXS is worth much more than what the market is giving it. But you have to admit that all of these events (EMA delay, dilution and now this) is very disappointing and can see why people might be throwing their hands up in the air now. I'm SO happy that I sold all at $2.84. Made the mistake of buying back some yesterday but only 1/7 of my previous shares. Still, this hold makes me upset. For what it's worth, I think 20% down is very reasonable for a hold that no one knows how long it will last nor do we know the eventual outcome/reason for death. A lot of uncertainty. I've seen other stocks hammered for much less than this. GLTY
Ignat, You "haven't lost a dime"? If you are unable to withdraw the same amount of money you invested, or more, then you have lost. If you are unable to get "your money", then it isn't your money. We are investors, and as such we are giving our money to the company to use as they see fit. You "will sell at the buyout"? Did I miss the anouncement? There's a buyout? You say it as if fact. Please point me to the material/PR that says there will be a buyout. TIA
Yeah, I thought the 3 million shorts who closed out were the smart ones. Turns out the 5 million shorts remaining are the smart ones and still can close their positions. This is a bottomless pit.
You "know" you're right? But I assume you're losing money like everyone else. So what good has being right done for you? Being "right" isn't the same thing as being wise. Everyone thinks they're right, even when they're not. For example, you said this a few hours ago: "it is set up nicely for a substantial recovery. Especially if Lombardo pulls off a deal this thing could really rocket." Obviously you weren't "right" about that. We aren't rocketing up. Still tanking big time. Hey, I'm not blaming you for being wrong. I was wrong too. I thought the bad news was out and we'd move up, for several reasons. But obviously I was wrong. People need to be wise about how they invest their money. And investing in ADXS hasn't proven to be wise in the least. And big dummy me, I bought some more today. Stupid, stupid, stupid (I say as I hit myself in the head). I hate this company. I really do. They've destroyed my retirement.
Yes patient died Feb 27, and ADXS was informed Friday evening March 9th. They should have put out this information Monday morning before market opened. That would have saved me from buying in at $2.08 and losing a lot of money. ADXS has screwed me again and again. And they want me to vote YES? Ha. Fat chance.
How is the market a "blithering idiot"? You mean 20% down on a trial halt because of a death is too much? Not sure if that is what you mean. If that is what you mean, and people are idiots for selling, then since you're so much smarter this is a great buying opportunity for you. How many times have I heard those words with this company? Buying opportunity. Didn't we just finish saying this was a buying opportunity 2 weeks ago after a 20% drop? Pitiful
Nothing more than a "short term blip"? Boy, talk about ever-optimistic. Seems the market doesn't agree with you, down 24% in after market. Must be just everyone over-worrying. lol I'm sure it will all be just fine. Down more than 20% twice in less than a month. Let's just move blindly forward, blaming everything else except the company or the product. Remember the other hold because of a death? Didn't that last a few months? You'll forgive me if I don't have the same optimism.
Well, looks like ADXS fooled me again. I should have stayed out of this stock. But like a fool, I bought back some. Just too risky to own this stock.
attilathehunt. That's exactly what I did. I sold some of my other stock in the morning and bought a small position (about 1/6 of what I previously owned) in ADXS when it dropped. Got it at $2.08. So now at least I have some which has already paid off and can buy more if any dips.
I don't usually agree with you, but I do think this downward cycle must be very near the end and it may be the right time to own this stock. So hard to tell with all the head fakes we have seen. But I think I need to at least own some stock. Risks seem low now, especially since dilution has already happened and short interest dropped dramatically.
Dawson, I've got my money in another stock now that I'm hopeful for. I am thinking about selling some of that and buy back some ADXS. One of two choices. Either buy back first think Monday before ADXS has a chance to jump much higher, or wait for a dip. Maybe even wait a few days. Unfortunately since I don't know the reason for the price spike, I don't have a feel for whether this is another head fake or real. Decisions, decisions.
The way the stock moved at the end of the day Friday could be because of the big drop in short interest. Or could be that someone knows something and the way they bought at the very end of the day makes me think that they couldn't wait until Monday because something may happen on Monday. Could it be related to their Business update on Monday? Maybe some news coming out too? All speculation but that was an unusual move at end of day. Then again, maybe finally some big player put a lot of money down simply because ADRO has moved up 40% in the past few weeks and ADXS should be priced higher as well just to keep up. Would love to know why ADRO has moved up so much. Monday should be an interesting day. Wonder if I should buy back in.
Easymoneyman,I may be a genius, lol, but actually I got lucky. I don't want to call it pure luck because I used my intuition too, and intuition isn't just a pure random chance thing. Anyway, I went with my gut feeling because I had been worried for some time they might dilute, especially with them wanting more shares authorized at a time when they are soon to be cash strapped. And I change what I said before about you likely would not have sold if Noelle told you the same thing. The reason I sold is because I already had a pre-notion they might do such a thing, dilution. I made several posts saying I feared they would dilute, which is one reason I called and talked with Noelle. And looking back at your posts I see you had the same feeling. You posted this on Feb 16, just a few days before ADXS diluted: "Right now no one is buying into Advaxis because they figure dilution is eminent! Management has done nothing to convince new shareholders that dilution isn't going to happen really quite the opposite... Even die hard longs feel like we're going to be diluted and most think at these share prices! Management is not too smart, when they want a 50% increase in authorized shares on the proxy it makes investors very wary of investing here. The way they worded it on the proxy makes it sound like they are going to ISSUE some of those shares to continue business as usual. Why would our stock go up with managements missteps one after another? Too many are waiting for that shoe to drop to get shares in the $2.00 area!"
Easy, you were spot on! You nailed it. I just wish you would have acted on your hunch. If I'm a genius, you're one too. Hope this goes back up for your sake. GLTY
No, that's not exactly how the story goes. Noelle said they would rather not dilute, that they'd rather raise money through other ways, but there are no guarantees one way or the other and everything is on the table, including issuing new shares if necessary. She never said or hinted that dilution was likely, only that it was an option. This is just common sense and I'm sure that she would have said this to any of you too if you had asked the right questions. She said nothing illegal or improper. Of course issuing new shares is an option because the company has that right if they are authorized new shares, as we were discussing. And she DEFINITELY didn't give me any hints or clues that they would issue new shares a week or two later. That came as a complete surprise to me also. So I seriously doubt you would have sold your shares if you heard her say what she told me.
Will the buyout be pushed back again while waiting for the investigation results? Seems to me it would be pushed back again.
Are we back on that theme again? Silence = Buyout. That didn't work the first time, maybe this time? Or is it Silence = Dilution. All possibilities are on the table....Noelle.
And you know this how? Did they show you their books? Did someone in the company tell you or show you paperwork that showed their short shares? Just how do you know they made a killing? And even if they did, this is meaningless information to us small-time investors. Their making money doesn't gain me one cent. So it's all moot.
When we were discussing the authorization of new shares I expressed concern these new shares would be issued and thus drive down the share price and she said it's just normal business practice to have around double extra shares authorized so they can have leverage. I then pointed out new cash would be needed by end of year and asked how I could be sure ADXS wouldn't raise this new cash by issuing the new shares. She said she couldn't give me a promise like that. She then said they would rather not dilute, that they'd rather raise money through other ways, but there are no guarantees and everything is on the table, including issuing new shares. I don't believe that is inside information. She didn't come out and say they would issue new shares, nor did she intentionally give me any hints or clues. And I never got any idea from her that they would issue new shares in the following week or two. I just felt uneasy by the way our conversation went, that I didn't trust them. I got the feeling that they wanted the shares for more than just leverage. Maybe it was intuition, but I picked up on something which made me feel I should sell.
For the sake of argument let's say that you're right, Adage has the "power to move the share price up or down". Why would they push the share price all the way down to $2 where it significantly affects the business operations and causes them to dilute at $2 a share which only hurts the business and shareholders? If what you're suggesting is true, then Adage has the ability to drive ADXS into bankruptsy regardless of its products or market worth etc. If that's the case, then what's the point of discussing anything that ADXS does? EMA doesn't matter, trial results don't matter, because Adage determines the stock price and therefore can drive ADXS out of business irregardless of its successes.
"What they really did was secretly cash out their long position near the top by shorting their shares, which did not require a filing." Complete speculation without a shred of evidence.
"And you can bet a lot of others knew what Adage was up to, and jumped on the bandwagon." How did a lot of others know? Was there a PR release? Just how did the word get out? Why didn't any of US know while riding it back down?
"It has always seemed highly unlikely to me that an outfit as sharp as Adage bought shares at 4.00, 7.50, 13.50 and 19.00 only to watch the stock run to 30, not sell, and then watch it collapse to 2" Why is this so unlikely? That's exactly what we did. Did Adage have some secret information or crystal ball that told them the stock was dropping down to $2? Seriously, how would they know that?
Those sly Adage devils, riding this down from $30 to $2. Such a great sneaky trick to throw everyone off, losing tons of money on purpose. I'm sure they explained to their investors the plan to lose money before they gain it all back. lol