Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Now I DO agree with this post. Arguing there is or is not manipulation is like arguing there is a god. There are arguments and opinions on both sides while very little proof either way. Agree, it is up to the science. Unfortunately there hasn't been much trial data the past few years to get investors (particularly new investors) interested in throwing more money at this. Even if the science IS there, ADXS has to show enough proof to get buyers on board. What side am I on? Well, I've held on to my core holdings (with a little selling at peaks and buying back in at lows) all the way from $30 down to $2.84 at which point I sold all because I was very worried when Noelle told me that dilution was on the table. I believe there is science there, just haven't seen enough to convince me the science will ever be brought to market by this company. And if it is ever brought to market I get the feeling it will be a long time. So until then I'm day trading this stock. That's why I bought back in at $1.84 and then sold last week at $1.88. I just hate to ride this all the way down and miss the ride back up. So it will remain on my radar. Maybe this has been a blessing in disguise because now that I'm looking around at other companies I see there are some real good opportunities out there. ADXS isn't the only game in town.
Convenient argument.
"Shorting at 2 provides far less profit potential than buying at 2 and riding it to 30." Actually that's just an opinion with an assumption that it may go to $30. How did you choose $30? Why not $20 or $10? You do realize don't you that with this dilution that what use to be $30 is now more like $25. AND, didn't people say the same thing when the price was $8 and $6 and $4, that it had more potential to go up than down? And yet here we are below $2. You say it's because of manipulation and I say it's because of poor management. There's proof of poor management every day on this board but I don't see the proof of manipulation. I havern't seen any company who admits they are manipulating this stock. When someone fesses up I'll believe it.
Looking at Friday's chart I see ADXS had a low of $1.82 and a high of $1.91. That would be a 9 cent range. So for this stock that's more than a 4% range for the day. A stock doesn't have to swing 8 or 9% every day does it? Does a short share price range for one day prove manipulation? Anyway, you can believe the share price has nothing to do with company management if you want. Just keep telling yourself dilution had nothing to do with the stock price and Europe delay had nothing to do with the stock price etc. If I were someone who believe in manipulation I'd do my best to find these manipulators and ask them how far down they will drive the price. But that's just me.
You correctly blame manipulation and I correctly blame management. How do you know the scheme will end at some point? What if these manipulators take the company to extinction, much like a cancer kills its host? Then your averaging down would be meaningless. My point is, even for someone who believes in manipulation, owning this stock is still a gamble.
Did you ever consider that these so-called manipulators are making money while you're losing? And the reason they are making money is BECAUSE of management mistakes. They are not 2 separate issues. They are related.
Tony talks out of both sides of his mouth. He spouts about shareholder value but dilutes to keep the company going. Plus he's saying that the other person doesn't know what he's talking about, that it's all rumors. Well, if Tony isn't transparent and keeps us in the dark, what else do we have to go on? Poor manager as well as poor ELA.
Kyndiloh1. I did. Read my posts.
You can name call me and take out your anger on me if that makes you feel better. I don't care. But remember, it's not me who's causing you to lose money. It's ADXS, and the people here who give you bad advice. I tried to help you. Go back and look at my posts from a few weeks ago. I warned you. Unfortunately you didn't take my advice. The writing was on the wall, ADXS was going to dilute. I in as so much said that in my posts and if you had listened then you may have saved yourself some money. Check out my post #53366. I nailed it when I said under $2 is possible if ADXS screws up their cash raise. After Noelle told me that issuing more shares was on the table I didn't feel comfortable leaving my money in overnight, so I sold all (at $2.84) and just watched. When they diluted I bought back in at $1.84 because the damage had been done and the risk was MUCH lower. Plus they settled on selling the new shares at $2, so $1.84 seemed like a good price. But I didn't put all of my money back in ADXS. I bought some other stocks too. Hey, I'm just trying to make money like the next person. I'm sorry that ADXS hasn't worked out for you and for me. I lost a ton of money as it dropped from $30 to $2.84. Now I will only day trade ADXS until they prove themselves worthy of my investment. It's your money, so treat it carefully and be carefull with companys like this.
Guess we have to disagree. I see the cash raise as one which lowered the SP by 25% and thus lowers the potential buyout price. IMO I think likely BP isn't very interested in ADXS, even at $100M they still don't show any interest.
Quote: "It's only angry retail investors who, if they vote against the authorized shares, are voting against their own interests." Really? Are you and Iggy related? And do you make this same argument next year after they dilute again and ask for more authorized shares? How much money are you willing to give this nothing company? Wouldn't it be better for everyone if they just sold out to BP and let a knowledgable BP team do this? I'd even bet they'd get a product to market faster that way. Let the professionals handle this.
This "attack" on share price is the sound of investors bailing because they have lost faith in this company for being so slow/delays, for not being transparent or straight up with its shareholders, and for boneheaded moves like this last dilution. I've been in this company for 3 years and I'm sorry, but I don't feel any closer to having a product to market now than we did 3 years ago. Only a few people defend management the way you do. Answer me this one question: Do you think this last dilution was good for the company and good for shareholders? Do you think it was good?
Question is: what will happen to the stock price if approved? Will it go up because people think ADXS has more support and strength? Or will it go down because of the likely future dilution?
What I can't understand is how someone can support management no matter what they do. Seems I remember Dan had many people's support too while he was with the company. But soon as he left, people dogged him and now support Lombardo. He became a scapegoat while Lombardo was placed on the pedestal. I suspect when Lombardo goes he will be dogged too. Reality is good companies have good management. If a company does not have good management then the company suffers. And my personal belief is that if management does a terrible job then they should be held accountable, not given MORE money. It's a basic principle of civilized society. You don't reward poor performance by giving them more.
First, you slyly use the phrase "efficiently raising capital" as if a company should always be allowed to issue new stock and dilute as often as it wants. If every company were allowed to do this, then no company would ever go out of business. They would simply continue to steal from shareholders' pockets and claim they have a right to "efficiently raise capital" to keep the business going forever. There has to be some point where shareholders can say enough is enough. At some point management has to produce, don't you think? Second, to continue with your "sinking ship" analogy, you may choose to sink to the bottom of the ocean with the ship if you want, but when I see gaping holes in the side of the ship and it's going down, I jump off.
That's just common sense. Of course authorizing doesn't mean they will be issued. But you also said your opinion was that management wasn't going to issue these shares even though Noelle said they very well may issue new shares. It's just plain silly to assume management will not issue shares when they need money. They did and they will again.
Just my opinion but I'm not convinced this company will be in business very long and a new CEO would be pointless.
A yes vote likely means more dilution. You are ok with that? Look what happened on 10M shares being issued. Dropped 25%. Can only imagine how much a drop on another 30M shares issued. Yeah, vote yes if you want to lose money. No, it's time for us shareholders to stand up and say enough is enough. What are we, patsies? It's OUR money they are using, and for what? We're YEARS away from a marketable product if we ever get one. That means years more of dilution. Yes vote is foolish. Make this company prove its worth.
I've been more right than wrong too. Yet we're all still losing money with this company. I bought in to the hype 3 years ago. Threw a lot of money in to this only to see it go down the drain. Yet I stayed in because I believed people on this board that this company was for real. I kept saying a company needs good management and turns out I was right about that. Most everyone here says Dan was bad for the company. And finally people are coming around to saying the same thing about Lombardo. I don't trust him any more than Dan. In fact, I liked Dan better because he had better communication skills and kept us informed. I felt he was on our side. I don't get that feeling with Lombardo. He blind-sided us with this cash raise. No one saw it coming because it didn't make sense. And now we're being told it has to do with the company being a on going concern? Why didn't they ever mention this before? I believe it's because they're just looking at us sucker shareholders as moneybags and they didn't want any of us to sell. Anyway, I see this management as deceptive and yes, I do believe, as I've been saying for weeks, that they WILL use newly authorized shares to dilute to keep the company afloat. At this point I don't see any reason for this company to remain. They should focus on selling this because it's way too expensive to keep going.
People can "benefit" by not watching their stock? Let's take a poll. Who has benefited from owning this stock?
Yeah it is funny isn't it? But I felt MUCH better owning it now after it has dropped over 35%. Who knows, maybe it'll get back up to $2, then I'll sell again. I use to be a loyal owner, holding this dog all the way from $30 to around $3. Now I only want to day trade it til the company proves itself, if ever.
I agree Easy. They're not blind. They could see the share price drop day after day, week after week. And they had already PR'd their trial results news and the Europe news and neither made much difference in the SP. And I'm guessing they didn't have any other good news coming in the next few months. And they could see the handwriting on the wall with a "no" proxy vote. And a "no" vote would drop the SP even further, so they basically had to issue more shares now before it dropped in the low 2s. That's why I sold all my shares 2 weeks ago at $2.84. I was very worried about a dilution, especially with them wanting to authorize more shares. I posted my worries about this on the board but some people said things like "just because they authorize more shares doesn't mean they will use them" and "we are fools to vote no. the only reason ADXS wants new authorized shares is because of leverage." Sorry, that didn't make me feel comfortable. So happy I sold. Bought a lot of it back today at $1.84. I saved exactly $1 per share. I'm sorry for those of you who got caught up in this scam.
Agree 100%. Didn't Lombo say recently that ADXS was trying to get shareholders some value? How they gonna do that by doing things like this? Best thing Lombo could do is sell the company. But they'd be lucky to get $4 per share at this point.
How would you know the price has been a sticking point? Do you have some inside information? Or is that purely a WAG, as so many of your opinions are? Are you saying that this weak company, ADXS, is sticking to its guns on price despite the lack of bargaining leverage? And do you think now that ADXS is putting more money in its coffer, at us shareholders expense by the way, to last a few more months, other companies will cave and give ADXS what it wants? In other words, is this dilution the event that makes you think ADXS will make a deal soon as you stated?
I don't see how shorts have anything to do with a company's decision to partner with another company. Not a good idea to mix company business with stockholders business. I think a company will do what's best for the company, it's products, its customers and its employees regardless of stock action. I still don't understand your reasoning of a deal happening soon. How can a company make a licensing deal if the product isn't even approved yet? And there's no way of knowing when it will be approved, if ever. It would all be a big gamble for the partner. If I were a company, I wouldn't partner with ADXS for a product that is what, at least a year away from being approved. There's not even a guarantee it will be approved. Just my opinion.
That's o funny Maple. lol I've been wondering myself how someone could be so loyal to a company that is OBVIOUSLY a bunch of losers running it. I also wonder how they can be so calm when faced with such big stock losses. Make me wonder if they even own the stock. Just my take.
You expect a licensing deal soon Iggy? Not sure what you meant by "soon". You mean like in a month or two? Why would they dilute now if they have a deal coming soon which would give them more cash? Could you please explain why you expect a deal soon? I think this dilution is firm evidence that no deal is eminent or even close, otherwise they would have no need to dilute now. Noelle just said this morning that they did this dilute to get to some inflection points late 2018. That infers that if they did NOT do this dilute, they would not make it. And that means they have no deal any time soon. IMO. Please explain why you think Noelle is wrong and they actually do have a deal soon. TUIA
What's your take on this Iggy? I remember last year when the share price fell quickly to $4 and people were worried you said you weren't worried. I distinctly remember you saying you wouldn't worry until the price fell to $2. So are you worried now? Also curious your take on this share offer since you were saying to everyone that just because they have more shares authorized that doesn't mean they will issue them. Do you think it unlikely they will issue new shares if we authorize more?
Are there 20M shares available? I thought it was more like 15M. Anyhow, what's the math? If they offer 15M or 20M shares, what would the share price be and still keep market cap around 100M? I calculate around $1.90. Maybe less. Anyone else get something different?
I agree they raise $25M max with this stock distribution, but I don't think that buys 4 months. More like 3 months max. Question is, why would they want to buy 3 more months at this time? Why not wait til after the proxy vote is tallied? Or is it possible they already know what the vote results will be? Anyway, they could be buying 3 more months to bridge a partnership as you say, or maybe they're expecting more trial results 2nd half of year and they needed more time so these results can influence a BP to partner up with us. But one thing this suggests to me, ADXS doesn't have anything in the works currently for partnership.
Right. In order to understand, you need to be able to put yourself in ADXS management's shoes. From their perspective, they just want to stay in business. And as long as people are investing (actually more like donating) their money to the company, they remain in business. So as long as they're authorized to issue new shares, they can remain in business, indefinitely. From my perspective, as an investor, I expect to see a return on my investment. Obviously no one here has made money with this company this year, last year or for the last 2 years. That should make every investor concerned. Who wants to keep giving them money? As far as I'm concerned, they can go out of business.
See that's what I don't understand. How can ADXS management dilute NOW? They don't gain much money and they severely damage themselves by making shareholders fully realize that if we vote yes then we're only cutting our own throats. Why would any shareholder vote yes, knowing that they WILL dilute? What a terrible move on their part. Why would they dilute now? Haven't they got any sense?
Actually normally dilutions aren't normally buying opportunities because issuing new shares don't add value to the company. The market cap stays the same, or even decreases as shareholders panic and sell or sell out of anger and frustration. So I guess in that respect, if there is a panic tomorrow there could be a buying opportunity. But that would be real ugly.
Just proves what I said before, ADXS WILL dilute if they have to. Noelle told me that herself, in so many words. Don't know how anyone (Iggy) can say the proxy is just to gain bargaining strength for the company but they won't dilute. Of course they will. So happy I sold all last week. Was thinking about buying back at lower price. Guess that will happen tomorrow.
Huh? Share price goes up thru dilution? I'm not following you.
Does ADXS management not see they're circling around the bowl about to go down the drain? I think they do. It's so obvious, they must. They're just trying to cling on any way they can. A desperate person will cling to anything and that includes dilusion. So why vote yes when they are so desperate? They will take everyone down with them.
How much can they dilute if proxy vote is no? But then again, I got a feeling that ADXS has already secured commitments from large blocks of shareholders and know the vote will be yes.
I wonder if perhaps some big investors (adage etc) have privately agreed to vote yes and they have enough votes already that they're not worried about releasing good news. Whatever the case, I'm thinking that ADXS management must have a plan to assure a yes vote because it would be a disaster to have a vote and be voted down. They've already said they need the shares authorized to strengthen their bargaining position, so to have a vote and be voted down would leave them blowing in the wind.
I understand exactly how you feel. I can't say this has ruined my life, but it has made my life much more work. I poured my life savings into this stock. Over the last 2 1/2 years I've lost 7 years worth of working full time. That is to say, I would have to work 7 years to make as much money as I've lost with this stock in 2 1/2 years. And that's assuming I saved all my earnings. What a disaster. So instead of enjoying a retirement, I have to keep working.
Quote: "chart clearly indicated about $2.40 was possible, no surprise". Even if it's not a "surprise" because the "chart" indicated $2.40 was possible, it's still a major disappointment to see us continue this never-ending drop. And frankly, I don't have any faith in this chart prediction of a $2.40 bottom. How many times have we seen a prediction of a bottom, only to drop lower? So much depends upon how ADXS handles the upcoming need for more cash. If they screw that up then heI1, under $2 is possible.