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No one is willing to learn. No one is willing to contemplate their mistakes. No one is willing to change their view.
It's amazing the emotional attachment to this stock. Signs have been up for years now about this company but that attachment/greed/ego can't let it go. I also include myself in that list..
It may rain anytime today/tomorrow. I am never wrong about that.
Lol. And I bet the market would agree. Or would they collude and short it? Hard to tell. Anything is possible.
Well that premise is too complicated for me. In the market nothing is proven, only highly correlated suggestions made. I saw the market predicting no decent deals for at least the last 3 years, and I see in retrospect that the market was correct. Perhaps I am stupid but I believe that when a stock tanks so miserably and over a long period of time, such that long term shareholders are completely wiped out, it was probably a bad investment that the market was signaling correctly all along. That is not to say a short term shock can leave the market inefficient until proper information surfaces. But the short term shock is not the ADXS scenario. It is long term garbage company with worse management and obsolete science.
The general premise being put forth about this stock is “anything is possible”. Correlation, suggestions, analysis, all of it doesn’t matter. Nor does the money you lost matter. Nor the fact the there is nearly a zero percent chance you’ll ever get your investment back matter.
Just keep with the premise anything is possible.
Yeah, and your analysis of this company over multiple years has been...?
Phase 1 constructs get funding. Plus, PSA is almost ready for Phase 3. And Aim2Cerv is a remote possibility for funding, depending on the data.
Not according to the last raise and not according to the market cap or any other barometer we have. Again, the market does not see them getting reasonable funding. It’s almost been a year since Amgen sent the termination letter regarding NEO.... that’s still being funded by the company while they add HOT and continue to submit IND’s for more constructs.
Aim2cerv should have already been partnered and was always the plan but they failed miraculously in that endeavor as well.
Yes, as they should be. It’s clear the market does not think they’ll find reasonable funding or partnerships to carry this thing to where it needs to go now that’s its back to a P1 company. This is nothing more than a slush fund for hedigies/shorts to demand whatever terms they want from advaxis as the company doesn’t have a leg to stand on. The employees also benefit by keeping their jobs.
Plenty of initiating trials and IND submissions there. Not to mention half these were expected last year. I'm curious on NSCLC HOT data, but that's about it at this point.
The market is done with Advaxis until they can show partnerships with real cash to run all these trials... instead of diluting and destroying shareholders every chance they get.
Where's the money!? 20 years of operation and here they are... barely a P1.
Advaxis success was on the back of finding a partner for AIM and having Amgen as a partner to pay for NEO. Both are complete failures and worse than any investor could have imagined. Add to that the abysmal track record of supporting LTSH over the last 3+ years and you have a stock that no one will touch.
NEO and HOT are next generation technology. Don't get me wrong Lm tech is also good as well. But NEO and HOT are stronger than Lm.
NEO and HOT are LM tech.. What are you talking about?
If they had access to reasonably-priced capital they would not have killed it.
Yah, and they could also have kept the 100's of employees with huge titles, increased their manufacturing capacity, and paid for NEO/HOT on their own... That's not the way the market works, nor should it be.
They branched out, overspent, and then banked on a partner for AIM, which failed. It's not very hard to figure this one out. Even Ken said out of the gates that he was going to cancel it without a partner due to poor use/return of capital. They miscalculated the market and probably designed a poor trial after raising 100's of millions because of it. Complete disaster.
Give me a break. Complaining about shorts is pointless. Shorts will be here and aren't going anywhere. Lets remember this company also raised over 200mm from this same terrible market at EXTREMELY high valuations in only a couple years. The issue is how they managed and spent it and how utterly abysmal this company has operated. We don't need to rehash the way capital was allocated over the last few years - it was nothing short of atrocious. The market responded and cut them off. How's that unfair? Shorts get burned every day in the market, but not here as Advaxis and it's crew of merrymen have shown zero ability to control themselves or give a strategy that warrants their [shorts] departure.
The market acted how it should have and Advaxis has just played along. They just sold out all ltsh for basically nothing,...paychecks are all that matter...no one is willing to invest.
The shorts own them because the company hasn't been able to secure a single deal in over 3 years and lost their only paying partner. Ken has destroyed every LTSH in the company and brought us back to a P1 company that still burns >30mm year. The shorts have it right and easy.
Absolutely. It's great news for Petit and OS, but this won't do a thing for Advaxis or their share price. Ken literally gave that licensing agreement away as charity.
I'm saying Petit is making moves and left Advaxis right before the share price dropped 95%+. I say good for him.
https://www.businesswire.com/news/home/20190918005918/en/
He certainly left this sinking ship at the right time. Good for him.
Is there not going to be a CC?
Haha @ the new 8k filing for Friday 13th. I guess it’s fitting. Is this company not just the laughingstock of the market? Next stop 10 billion.
NTGN making moves. Does adxs still think they're best in class?
An important push should be to convince Ken that shareholders are an important part of "stakeholders". The whole genesis of that term is to abandon responsibility to the owners of the company, and instead pledge allegiance to the employees (which are now just Ken and his cronies) and the BOD.
Agree. This very point is a huge reason for why this stock is down over 99% since he took over.
I lost about 10k or so on this stock and then bailed out for pennies last year. Just checked in to see if there was anything happening
I bet that 10k number is low for many on this board. The last offering showed Ken and companies true colors. Then he followed that up with a completely rubbish letter to shareholders without an ounce of responsibility and tried to spin it. It sounded like some people here might have written it for him.
The company has to be nearly finished with 3 patients dosed and nothing else even close. More power to Ken for stealing a million plus for running this into the ground.
Blue seems to think that the lab is worth something and he's hanging on to the bitter end.
He said in the past that the facility was worth $200mm.
There are no words...
Pretty clear that WS thinks this is a scam.
One solution could be fire everyone and give someone else a shot, but that won't happen, so WS is finished with it.
Raja could very well be right in OTC then private. Only plausible answer at this point.
He's a complete disgrace. He couldn't care less about shareholders as that's not his mission. He showed ZERO remorse in the letter for what's happened and instead pretends this is just the norm right now in this space. I'm sorry, but being down 99% in 18 months is a lot more than just standard market depression, or the fact you waffled on AXAL etc.
A 99% destruction of wealth and he's still employed. Only in this BS stock would this be allowed.
From his perspective, it is a great living, far better than a two time failed CEO lawyer could earn in legitimate work.
In all honesty, this is about as accurate as it comes. Kenny couldn't care less. He's making great dough and finding new ways to use his silly skillset/degree. More power to him.
I am thinking - why does he even need to come to the office ? He might as well stare out of the window sipping lemonade either from his bedroom or backyard.
What exactly does he do on a daily basis, other than starting his computer and shutting it off before heading home ?
LOL. You're right! I'm sure his paycheck is electronically deposited as well.
Maybe his wife doesn't want him prancing around the yard at their beautiful home in the suburbs. It might not look good if your $500k/year husband is only seen weeding the yard and playing Horse with himself on the basketball court while the kids are at school.
Kenny Berlin has presided over a 99% decline in share price since taking the helm. He's on overpaid slouch of a CEO who's done nothing appreciable for the stock. His only claim can be he cut costs, but that was a requirement for this company to even stay alive.
500k/year for this!? Complete rubbish.
No one trusts these guys. No one believes them. They blew through 100's of millions and are barely a P1 company with maybe 3 patients dosed?!
Given 20 years of data and they still haven't been able to partner a single thing, what's wrong? The science can't be nearly as strong as what they pretend it to be today. Deals are struck right and left by big pharma. ZERO interest here.
Bottom line: He won't have data soon enough. The stock price will continue to drop. He's desperate. His days of making absurd raises are dwindling.
Where are the TERRRRM sheets? How about the partnership talks. Stay tuned.
What a complete joke to LTSH.
Well said. Seeing LM accomplish something would give many here some solace.
Still, the science under the current regime has floundered as this crew does not seem capable in the slightest. I hope it moves on from here and we see someone else at the helm that has both the money, and the ability, to see the science to its ultimate conclusion, good or bad.
Hd, you still have a meaningful position? Did you buy in after the last raise?
Do not be surprised if they are eagerly waiting for the stock to get de-listed. Being on OTC should help to do what they want.
Good point! It would only help their cause to be OTC. 6 months and private seems like the most realistic analysis yet. What a disaster.
Buy the whole company for less than 10 million and take it private so that you can pocket the 30 million in cash by closing the business.
Great business model.
Hah. I agree! I suppose the only thing they're working on is the paperwork and filing. That might be delayed of course.
What value will this company add in 6 months that it didn't have a couple months ago? They're nowhere near anything. No one trusts them. The markets have disowned them.
They must be going private.
Sorry to hear that, Oak. I think we're all mostly in the same boat here. The reality about the science is that it doesn't mean much of anything if they can't partner it or sell it. So far all ADXS has done for 20 years is sell shareholders out. Amgen deal was fun while it lasted. We have to also remember to never fall in love with a stock like this again. Emotion/greed always get the best of you. GL.
Haha! Good thing I'm done with this thing. Holding what I have left to zero.
How's ONCS done since the r/s? Still money to be made off doc in your opinion?
What would be your guess?
This stock has been on a steady decline for the last month, as well as the last 5 days. It ended down 4.2% today and is only 2 cents off its all time low - I don't see that action as shorts covering is all. There's no news either.
My personal opinion is it's just plain old selling. There are a lot of warrants and prefunded warrants out there.
Short covering?
And the share price is declining? Hmmmm.
They clearly were in panic, prematurely.
I think you're right that it was panic that set in with no foresight into what to do if this "scenario" happened. Does that mean they're unfit to run the company? I'd say they need to wipe the slate clean, BOD and all, but no one will touch them.
It's been a disaster for 3 years and running and no one seems to have a clue.
Just looking at the numbers, a 10x return from here only puts the share price back to where it was right after the R/S a few months ago. That would also put our market cap near $80mm and above our closest comp, NTGN's market cap. Total destruction of shareholders.
Ken has presided over a nearly 99% decline in share price since he took over. The guy makes $500k a year and got a $150k dollar dilution bonus. I can't even believe he's still employed. This is not a company for anyone but the big boys to invest in. This is pure garbage and extortion. Regular retail investors shouldn't even apply.
I think it is pretty clear that the financiers of the latest offering did not loose money or lack understanding.
From their negotiations they knew what management was offering and the discount they would get. Short it from the mid-$1 range and you are guaranteed a nice payout by the time they closed the offering at 70 cents. Controlling interest in the company and a payday all on the backs of LTSHs
Exactly! It was a completely bungled offering and went through out of desperation. The shorting started in the $2's as well. The financiers did just fine and the buyers got controlling interest of the company for next to nothing. They have free warrants and prefunded warrants to take over whenever they want. We all got forked by Advaxis. Why they didn't pull the offering after the stock cratered and warrants were added was the worst possible sign for all existing shareholders.
The ho-hum PR was also horribly timed to take advantage of any bump for the offering.
at least you are honest
Yes - I have no clue what your point was? Why you even wrote what you wrote about a couple pot stock offerings in relation to the ADXS offering.