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Amgen dumps NEO, votes thumbs down on ADXS & ADXS "LM Technology Platform" & buys out Nuevolution
"Amgen thinks Nuevolution can quickly find candidates for hard-to-hit targets. (Amgen)
Amgen has offered $167 million (€150 million) to buy Nuevolution. The takeover will give Amgen control of a drug discovery platform that landed Nuevolution deals with leading companies plus a pipeline of early-stage cancer and inflammation programs.
Denmark’s Nuevolution made a name for itself over the past decade through a series of deals with major drugmakers including GlaxoSmithKline, Johnson & Johnson, Merck and Novartis. In parallel, Nuevolution began using its drug discovery platform to generate internal candidates against targets including ROR?t, BET and IL-17A.
Amgen struck an oncology and neuroscience drug discovery deal worth up to $410 million in 2016 and went on to exercise its rights to the first two cancer programs to result from the collaboration.
Now, Amgen has decided it wants more from Nuevolution than just the drugs covered by the deal. Amgen has persuaded Nuevolution’s board and major shareholders to support a takeout offer worth around $167 million. The bid represents a 169% premium over Nuevolution’s share price just prior to news of the deal and a 69% premium over its highest trading price over the past year".......Another slap in the face from Amgen to ADXS & ADXS shareholders.
"Surrrre, due to all the failed trials that occurred in Fantasyland.".....ADXS spent nine years & wasted multi millions of shareholder dollars on those failed FDA trials in Fantasyland for Surrrre.
"Now that’s rubbish!" ...Now that is rubbish!
"The point is, this manipulation scheme was not initiated based on substance and it continued for a long time until the point that it impaired ADXS’s access to capital."....Absolute naïve rubbish. It was & still is not a manipulation scheme that collapsed the ADXS share price. The collapse of the ADXS share price was based on the fundamental fact that the market & BP realized that the ADXS "LM Technology" & all products based on it was a dud, a failed technology that would never get to market. Amgen made the bumbling mistake of giving NEO a shot but soon realized that the technology was a dud & dumped it, losing the money they gambled on NEO. Only the naïve & gullible can't accept the truth.
More ADXS total nonsense & untrue BS...."Nothing that would prompt a legitimate sell off. I saw it coming though when it ran up huge premarket. Sold my trading position high and rebought low, sticking a large chunk of money in my pocket. The pattern is obvious, it is still a coordinated short cartel at work.".... Total BS. LOL
"The market cap dived below 25M for the first time in past few months. Not a good sign.
I am really puzzled about these three things:" ........
The answer to your 3 questions is very obvious. I have posted many times the ADXS "LM Technology" is a failed technology that is now probably obsolete. I posted that AXAL would not obtain either FDA or EU approval & that any other ADXS products that were LM Technology based would fail. That is why Amgen dumped NEO & why con man Ken Berlin failed to find any upfront cash partner for the overhyped HOT or AXAL. The reasons the market cap collapsed below 25M is the market & all BP know that the ADXS LM Technology is a failure & Ken Berlin in nothing but a vermin con man never to be trusted & believed.
The prime responsibility of any CEO of a public company is to increase the wealth of the stockholders. I posted many times that Ken Berlin was nothing more than a con man that tried to dupe the market, & naïve, gullible ADXS shareholders. The market voted thumbs down on Berlin's ADXS con game. Berlin caused ADXS shareholders to endure monster losses of the money they gambled on ADXS stock. The con man Ken Berlin was anointed ADXS CEO on April 23, 2018. The split adjusted share price that day was $24.30. Currently the ADXS share price is $3.65. In just a little less than a year, the ADXS share price has collapsed a whopping 85%. This incredible share price wipe out clearly illustrates that I was the only poster that proved to be 100% correct about vermin con man Ken Berlin.
I posted many times that con man Ken Berlin was purposely trying to con the market & naïve, gullible ADXS shareholders after he was anointed ADXS CEO. The market was not duped, voted thumbs down on Berlin's obvious con & collapsed the ADXS share price. I posted that the Berlin would institute another reverse split & follow that with another mass dilution of ADXS shareholders with a very destructive financing which is exactly what he did. Con man Ken Berlin is vermin.
Ever since Berlin was anointed ADXS CEO on Apr 23rd, 2018, I posted that Berlin was nothing but an overpaid con man that would destroy ADXS shareholder value. The ADXS share price, April 23rd 2018 was a split adjusted $24.30, Today ADXS closed at $4.05 a whopping decline of 83% in less than a years period of time. Quite an accomplishment for the Berlin con man. I posted that ADXS LM technology was a failed science, that AXAL would not get FDA or EU approval, that NEO & HOT were over hyped, & totally unproved, that Berlin would purposely murder the warrant holders, that the Berlin con man would execute another reverse split, & mass dilute ADXS shareholder value into oblivion, that Amgen would dump NEO, & that there would be zero up front cash partners. Of course I was flamed on this board for posting the truth. I am the only poster that proved to be 100% correct about the vermin con man Ken Berlin & that he would purposely destroy all ADXS shareholder value which is exactly what Berlin did.
The press release was a typical misleading PR from bozo CEO Steve Curtis. The only benefit to a higher gold price Curtis refers to applies only to those ounces produced above the 22,500 Curtis panicked & hedged at $1250/oz. The benefit to the higher gold price for those ounces will be mostly offset by the losses generated by the Curtis hedge. Very bad move by the panicked, bumbling CEO Curtis for all CMCL shareholders as the hedge is an anchor around the neck of the CMCL share price.
"The cost of the hedge is the price of the put. They will loose it all." The cost of the hedge is much greater than it's cost. The higher the gold price moves above $1250/oz, the more the share price will lag any gold rally. The hedge will result in lost earnings as the gold price moves higher & will be very negative for increased dividends.
Keep in mind that bozo CEO Steve Curtis, in another moment of shear panic, hedged about 41% of total estimated mine production for the year at $1250. The hedge is under water from the day it went in affect & as of today, the hedge is a whopping $70 under water. Assuming gold stays above $1250, the Curtis panicked hedge will cost CMCL shareholders to lose big time earning increases, inhibit increased dividends & a lagging share price response to a higher gold price. In addition, even after Mugabe is gone, Zimbabwe political risk has reared it's ugly head again & will be an anchor around the neck of CMCL's share price. Not a pretty picture for CMCL's shareholders.
This is the second time CMCL bozo management hedged some of their gold production just before a gold break out rally putting the hedges immediately under water. This hedge starts in February & runs until June for 22,500 ounces. CEO Steve Curtis panicked & bought puts at a strike price of $1,250/oz. This hedge represents about 41% of CMCL's 2019 production guidance of about 55,000/ozs. The gold price today is $1320, already 5.6% higher than the hedge price. This asinine, unnecessary hedge & the very high political risk rearing it's ugly head again in Zimbabwe is the reason CMCL is not participating in the current gold rally. Bozo CEO Steve Curtis once again displays his lack of managerial skills & incredible bad timing.
Dr. Patterson is a lot wiser now that she realised she has been scammed & her Lm technology is a failed technology that will never get to be commercial.
Bottom line still the same. ADRO dumped all their listeria products because they know its a failed technology.
Aduro dumps all Listeria products in its pipeline. More proof that Listeria technology is a failed technology. First Amgen & now ADRO.
I have tried multiple times, as have many other retail investors, to ask questions on the CC. Con man ken berlin will never take questions from retail investors on the CC. Berlin only takes lame questions from from the analysts he screens first.
Worst case & the most likely case for adxs financing is that con man ken berlin will go to the toxic financiers & agree to shaft all ADXS shareholders again with toxic, floorless death spiral convertible financing. Combined with the reverse split, these may be the final two nails in the coffin of all current ADXS shareholders.
Con man, grifter ken berlin will never take ANY questions on the conference call from any retail investors because he lacks the testicular fortitude to answer the questions all ADXS shareholders want to know. Berlin will only answer the totally lame questions from analysts on the call.
Con man ken berlin may shaft shareholders again by going to the shylocks for floorless death spiral convertible financing either before or after the monster reverse split.
No FDA approval after eight years of FDA trials, no EU approval, zero cash partners for AXAL , NEO & HOT, Amgen dumps NEO & wants no part of AXAL & HOT, ZERO BP buy out offers. Post any solid proof that ADXS LM TECHNOLOGY has any commercial value after eight years of FDA trials.
"The denigration of the science, with no basis in reason"..What an ignorant statement. ADXS LM TECHNOLOGY has been in FDA trials for over seven years with zero proof that it is nothing but a failed technology. The
fact that Amgen dumped NEO & wants no part of either AXAL, which was in phase three trials, or HOT are very solid reasons to denigrate the "science".
Amgen thought NEO had potential when it partnered with ADXS two years ago. Today, Amgen knows that the ADXS LM TECHNOLOGY is a dud, dumped NEO & has no interest in HOT & AXAL either.
Amgen knows what it is doing. If Amgen believed Adxs Lm technology in any shape manner or form had any chance of being succesful it would not have dumped NEO & could have bought ADXS for peanuts. Instead, Amgen wants no part of ADXS or it's LM technology. Those are the fact as opposed to delusional excuses expressed on this board.
"Amgen knows nothing of the sort". What an absurd statement. Regardless of all the delusional excuses of why AMGEN dumped NEO, bottom line is AMGEN rid itself of NEO & wants no part of any ADXS LM TECHNOLOGY.
Amgen knows that the ADXS "LM Technology" is a failed technology & all it's derivatives, NEO, AXAL & HOT are duds. Amgen wants no part
of any of it. That is why AMGEN dumped NEO & why no BP cash partners for
ADXS after 8 years of LM Technology trials.
ADXS gave holiday presents to ADXS shareholders this year. Amgen dumps NEO because Amgen, like all BP, knows that the ADXS LM technology is a total failure. The new years present to ADXS shareholders is no cash partners for AXAL, NEO & HOT.
In addition, more mass dilution & a second monster 25 to 1 reverse split which will wipe out all current shareholder value. Ha Ha.
The ADXS fat lady has been singing loud & clear.
This is another example of bozo ken Berlin's attempt to con the market & dupe adxs shareholders about the failed ADXS LM technology, axal, neo & HOT. The market voted a whopping thumbs down to grifter Berlin's con game.
I dont post to convince anybody about what ADXS is. I have been 100% correct about ADXS, the failed LM TECHNOLOGY, AXAL, NEO, HOT & con man ken berlin. The stone cold fact that the ADXS share price has collapsed a whopping 99% since the top of $30 proves I am right about ADXS. A man hears what he wants to hear & disregards the rest.
Those that sold adxs were right. They had the mental discipline to admit to themselves that they were wrong about ADXS & hopefully learned from their mistake. Those that continue to hold adxs or average down don't have the mental & emotional strength to admit that they were wrong so they ride the slope of hope & prayer that a stone cold loser like adxs will someday miraculously rise from the dead & get their lost money back.
More proof, as I have posted many times, that ADXS LM TECHNOLOGY is a failed technology, which is why AMGEN dumped NEO & ZERO cash partners for AXAL, NEO & the overhyped HOT.
ADXS share price now down a whopping 87% since con man, grifter, totally incompetent bozo ken berlin was annointed ADXS CEO. More mass dilution & another monster reverse split will soon be instituted by berlin destroying current shareholder value. ADXS LM TECHNOLOGY is a failed technology which is why AMGEN dumped NEO & ZERO cash partners for AXAL, NEO & HOT.
I believe what I have posted & the ADXS collasped share price proves I have been 100% correct. Coming soon to ADXS courtesy of con man, grifter ken berlin,more mass dilution & another monster reverse split.
Mystery solved. Amgen dumped NEO because Amgen knows that the ADXS LM TECHNOLOGY, the basis for AXAL, NEO & HOT is a failed technology. End of story.
The ADXS share price has declined a whopping 83%, collapsing from $1.62, the day grifter berlin was appointed ADXS CEO, to
.2328 today. All ADXS shareholders should be thrilled to have berlin as their CEO. Con man ken berlin deserves the CEO of the year award. LOL.
I recognize a con man, grifter when I see one & ADXS CEO ken berlin is definitely one of those.
A con man,scammer, grifter like berlin is never recognized until he has conned his victims. Many victims are so naive & gullible that they don't realize that they have been duped.
Take it to the bank that con man,grifter & liar ken berlin, in the very near future, will mass dilute & institute the second monster adxs reverse split wiping out almost all current shareholders money that they gambled in ADXS.
Bottom line is Amgen dumped NEO & has no interest in HOT & AXAL because Amgen knows, as do all BP, that the ADXS LM TECHNOLOGY is a dud.