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And no that doesn’t prove any intent because I do not believe posting on this board moves the stock price at all. Just seeing an opportunity and sharing and one even bears should consider. Especially if big sell off tomorrow. Knowing you are safe until Feb.21st is a big safety net for a bit of entry is right
Will be looking to buy 50k shares if this dives tomorrow close to .20 again and hope I’m right about a swing play to .50 by start Feb. then I’ll be out before Feb.21st and ready to go short if they get the R/S approval.
Fyi bears this actually is a pretty good swing trade if can time it right. We know ADXS can not dilute further or R/ before Feb.21st annual shareholder meeting. I was wondering the day trade interest here but now see. Whether it’s ADXS, CVI, etc I could see another run before the 21st and if can stay active can capitalize on that. The push be before Feb. as start Feb be too much downward pressure from ppl getting scared off by impending meeting. I always voted no to everything but these things 95% time get approved. So many non voters get proxied in as approvals. So now to Feb.1st if this bottoms again could be a great opportunity to play with the manipulators.
I still have seen nothing to believe this isn’t a death spiral. But money is always able to be made.
So annual meeting is Feb.21st. Where they looking for approval of doubling the outstanding shares and a R/S that can be executed anytime after. That tells me cats like CVI or maybe even ADXS themselves have until then to play with the pps. Maybe even to just lock a higher dilution value. I personally see nothing that makes this a LT investment. I do think if this dips back to .19 I may try a swing play to maybe take part of another manipulation upwards. Don’t have to worry about being caught in R/S until Feb 21st. CVI will also be looking to get some of their money back so perhaps we can see another one or two climbs until then. I’m going to have to start paying more attn to the charts and level 2.
According to their 14a it’s Feb. 21st. Which is also same filing that they document they can execute the R/S anytime from the date of the shareholder meeting.
They can’t. That is why I said all need to decide before the shareholder meeting. Because as of that date they can execute at any time without further approval. Also somehow these guys always get approval....I’ll never agree with it but they always do. Just too many methods for them to make it go through. It’s sickening tbh.
HMNY——-go follow their dilution path.....there are plenty far more shady than CVI.
Personally if LT you need to seriously decide whether R/S coming before the shareholder meeting in Feb. because as of that date they will be able to execute it. Could this mean a little run up before then that’s for the day traders. If they don’t find some kind of partnership by then.....you really just taken on way more risk
Honestly I hope I’m wrong about the R/S altogether. That would mean a deal and hopefully can jump in. Everynperson who invested here got hammered. Why would anyone wish the final death stroke. Just trying to give you my insight as a way to get some equity back if they execute it.
I believe within 2 days of a split it will be back under a dollar. Just going on my experience in these situations and lack of any true catalysts afterwards for awhile. Just need a few days is what I think. man Ken better realize that too and see it’s better to sell off the patents and mfg facility and distribute out all the cash then to R/S here.
If you are losing here and they R/S I would hope everyone would care and join to get some of their money back. You only don’t care if ready to go all the way even if it’s to the pits of hell
Just be sure you remember exactly how this all played out so you can learn the lessons that prevent you from falling to this again. Every good investor has had their “big” mistake. After mine I learned and I also expanded my tool box to start including options and shorting. I learned no stock is good or bad....just taking the wrong side of the bet. Also if you seeing what we are then short when they split and get some back.
Yup and since they burned the warrant holders, they used an entire shelf offering, lost Amgen, pulled AXAL from EMA review, no partnership for last 6 months, and watching stock fall to .20 to only put in a proxy for more shares and an R/S that can be executed anytime after the annual shareholder meeting held in Feb. I think a significant buy now is exactly what they need to do if anyone is to “stay tuned”
I don’t believe I’ve ever made a false claim or even mislead a single person. My intent and my position always been fully out in the open even when I was bullish. I see a lot of long drawn out stories as to how this stock is going to bounce back and how there other things in the works. Sure they could be and if I see a true indicator that is the case I will hopefully be able to capitalize on that. However, right now all I do is point to facts and ask the logical question. The question all bulls should ultimately ask themselves. If the company is so cheap why did Petit stop buying and nobody on the board or KB himself buying shares? I can’t come to a logical line reasoning especially given the low valuation as well as knowledge what that would do to regain some confidence. Might even push them back over a dollar.
It’s fine HTFS. They can keep questioning my intent all they want. Just like bulls hope to get new buyers in, I’m free to voice why I believe that is a mistake. It’s up to ea investor who they wish to listen to. All I know is if listended at 1.55 they would have 500x the cash than if sell now. Nobody is shorting here, but many will upon RS. People always talking about intent here. Well I’m giving you exactly what my intent is. If they land a deal and don’t R/S that is awesome and hopefully some kind of indicator flags that lets me get some of that. However, I just hope if you are bull still pumping this despite the ever growing list of bearish indicators that you don’t cop out at the end and just blame ADXS as crooks. I’m not trying to convince the bulls who are still pumping this. I’m talking to people who are debating entering and those debating to leave. They deserve to hear both ends to make their decisions.
I would have no issues with that at all. I did when I exited the first time. I just not one to believe they read or care about our lowly opinions. Still I have no problems telegraphing my strategy and do think be total garbage to R/S after failing shareholders time and time again.
Or maybe I should show him the 60k shares I sold at 1.55 and tell him that I plan to short the snot out of the stock if he does an R/S. Maybe if he realizes that is what bears are getting ready for that he will see what a useless and damaging move it would be. Idk why you think anyone would wish an R/S on anyone here. I’m just ready if ADXS continues to do what they always do and for once bet on the right side of this story.
Ken Berlin if you want to regain confidence from the market in your company then buy 500k shares and have the rest of the board purchase shares as well and show the market you so confident you ready to suffer with the shareholders if you fail. Don’t put a R/S proxy and share increase request in unless your shares in the table to get crushed as well. Instead you suggest possible shelving your phase 3 product while simultaneously say looking for new partners.....umm wow....has he taken one marketing class in his life? So you announce you think might not be as financially worth continuing alone but think that sells the company to anyone else?
Petit saw writing on the walls. I will say if you guys get screwed with an R/S...I hope you able to short the R/S and get some of your equity back. I’m waiting on that likely scenario but also fully capable of jumping back if see anything change for the positive. Still waiting on that as well. 6 months...tick tock KB.
So cheap and oversold yet not a single insider adding to their position and KB yet to make any kind of purchase of shares. He did collect on using the entire shelf offering though.
If KB takes ADXS on same ride he had with his last company, he will never be a CEO again. Two companies on death spiral on your resume would make it so hiring him would send any investor running for the hills. One very few Blue comments that actually had merit to me. So I don’t think he has any malicious intent......begs to ask though.....if something coming and he is so confident and the stock price is considered so “cheap”.....why no insider buying? That to me is like a giant neon sign saying stay away.
Which is why I ask my original question.....why make note of it in ER when everyone knows Amgen out and they have not provided any path forward. I just felt odd to highlight something with so many unanswered questions tied to it.
Also be hard pressed to believe KB doesn’t already know that is number one question on everyone’s mind.
It be hard pressed to convince me losing the Amgen partnership is not of substantial material relevance to shareholders and deserves some sort of explanation
ER really doesn’t make either side argument stronger or weaker. I doubt it does anything to the pps in either direction. So what we see though is this:
1) they have a cash run of 9 months given last year burn rate (which in all reality they can avoid R/S and delisting by submitting an appeal). So I say the R/S and dilution window has a total 9 month run. They clearly wouldn’t wait until the last moment so let’s say 6 months.
2) they point to first dosing in NEO which we knew but they mention nothing about why Amgen left. I think this can only have two possible meanings: (a) they were totally blindsided and still scrambling on how to save face (b) they point to it because they are working a new partnership or plan that has NEO still going forward in some capacity.
I hope you guys get something of note on the CC and the partnership they do badly need. However, be careful knocking the bears too much because we all know if they don’t find anoartnership within 6 months the R/S hammer will be coming. You also have to be at some caution knowing that these jerks can execute it whenever just like they did with their full use of shelf offering 4 months before they were going to be out of cash.
Either way KB needs to finally take the tough questions ajdnhave some real answers. I’d be very hesitant if he continues his blow off approach and again doesn’t take or address the real concerns.
Who cares. At time he believed for his reasons. There is never anything wrong for ppl changing their position on a company. We should always reassess our position with every new piece of information. Additionally many entered ADXS before was a penny stock and don’t have much experience with them.
It’s tough and it never feels good to know you invested in a company that wasted your hard earn money and not for one second cared. It’s even harder to actually accept the loss. However, that teaches two valuable lessons. First you don’t get highly leveraged in any one stock no matter how good it looks (a lesson I learned hard way before) Also always ask yourself if you had no losses you were sitting on.....would you still be buying ADXS for a LT investment? The second my answer became no was the time I knew I had to go. Maybe they get their deal but blindingly ignoring the mounting bearish signals is also foolish when it depends on KB and the BOD being anything else then what they have been to date. I hope the science has merit and somebody with more capable hands can drive it. Until then betting on ADXS has proven to be nothing but fools gold.
Also who the hell suggests the possible shelving of the phase 3 product when also looking for a partner for it. I just can’t even make up this level of stupidity.
So I will continue to hover. See if anything changes that could get me to jump back in. Otherwise I wait patiently and see if ADXS decides to screw the legacy shareholders who kept faith or not. If they do I plan to help screw them back to delisting after the R/S. If science can help ppl someone will pick it up cheap and maybe different hands can do something. KB and ADXS BOD are just cashing checks and to say nothing about losing Amgen partnership tells me they could care less at al about the state of their current shareholders.
One other thing if you don’t have much experience with penny stocks. Once a stock gets under 3$ manipulation becomes far easier and it’s never about valuation afterwards. It’s the same reason most tutes have guidelines that prevent them from being in any stock below 3-5$. It often takes a major catalyst to propel them out of this territory and back acting as a normally traded stock. Like said takes as little as 1.5m to shift 5m shares and the market price for ADXS. When I sold I told everyone as soon as CVI entered that you were entering traders hell. The only people surprised by what’s been going on with the stock price are the ppl who have not experienced this before. I hope you all get your catalyst but if you don’t I’m hoping I can short these crooks.
Abu,
Though your market value stays the same there are many other aspects that change to the negative for shareholders.
1) bagholders have a much harder path to break even. Imagine you buy 25 shares at 3$ and now it’s worth 1$ currently. You would need a 2 point price movement to break even. Now imagine a 25-1 split instead leaves you 1 share at 25$. To get back to even now the share price has to hit 75$. That is monumental and more often than not unrecoverable.
2) as HTFS stated a R/S often puts a stock back into a price it can be shorted again. Perfect case would be HMNY and how quickly they got shorted and pummeled after each split. I was once a bull here but now that I’ve given up on this BOD, I plan to get some my money back if they R/S and short big.
3) R/S solves the delisting issue but doesn’t solve the $ issue and if an R/S coming market knows further dilution coming with it.
It’s for these reasons when ADXS first announced R/S proxy that bulls were calling for heads. It will be same thing they say at end if it happens that the company screwed them. I’ve seen very very few companies that do an R/S for purposes of staying listed survive. It’s just historical truth. There is a reason they in that mess to begin with.
This is also why even when company falls below cash on hand valuation it struggle to find support because nobody wants to buy into a company with a R/S proxy on the table
I would not worry. Investors draw conclusions based on a logical lines of thought based on available information. So it’s not a hard stretch to believe if a behemoth like AMGEN walks away from 65m and has all their shares turn worthless is a failure. Now who knows what the heck is going on over there but history has shown shareholders are of no concern in any of it.
Share price if reflected current valuation of just cash on hand should be higher. As well hard to believe absolutely zero value to science to anyone. Still share price is reflecting the future. It’s like odds. R/S proxy in place, and market betting dilution and R/S coming over partnership money. Now if you believe R/S coming than current share price is actually an overvaluation.
ADXS 3 likely Conference Call outcomes:
1) KB sheds light to some new partnerships that makes other past actions make sense.
2) They present another “refocus” plan with reasons and ignore the Amgen dissolution
3) A bunch of excuses with nothing material presented and no questions taken
Never give any weight to any movement up or down that doesn’t have something material supporting it. Additionally, the reason why many tutes have restrictions on buying or staying in penny stocks is because their u predictable nature. That they also more often than not go belly up. On a death spiral we sometimes lose sight of the true weight of the volume at play and the ease MMs can manipulate these stocks. 5m share volume on an avg cost basis of .30 is a mere 1.5m dollars being played. That is a company party for some of these MMs. The question is what is truly the next material change will happen next.
Congrats all. Hope this nice jump is followed by some very good news.
Congrats guys saw that pop 11 cents in two seconds. Hopefully some news finally breaks. I still fear this is more traders playing but getting closer to1$ makes it far easier to pop back over. Hopefully, KB does have some actual integrity and realizes a R/S would be a deathstroke to legacy holders and get this back over 1$. GLTA.
I respect your stance. It a line of logic that could ultimately end up the case. I don’t have any skin atm in this and hope you all get something positive for a change. Really if ADXS lands a deal and avoids R/S I’ll congratulate you all. I just can’t see that path so I wait for the R/S to short. Think next CC will shed a lot of light as to whether ADXS is scrambling or if they were expecting Amgen pulling out as part of something else.
Jess that would be valid except look at what it would’ve cost for Amgen to do even a hostile takeover. Especially with the shares they already owned and the current share price. I mean you have to think if they saw any value they would’ve just bought the whole thing. We will see how this unfolds but I just got tired of making excuses for fact ADXS BOD and CEOs been a total joke and KB is already following exact path he did at his last company. Ever also wonder why if things so good that the only CEO they could find was one who took his last company on a total death spiral?
Ok Jess and that is every investors right. I do ask though how based on your statement that ADXS has not been able to find a partner for AXAL for over 6 months and why Amgen left if data is so amazing. You have to admit something doesn’t add up.
I get it. Just sucks. I just hate watching these douche bag BODs and CEOs rake in 7 figure salaries while retail gets hammered. Just don’t want to see anybody actually putting more into this pos.