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.
For almost the last 2 years I've been trading some of ADXS while holding onto a "core" position. I've managed to add about 10% more shares a year doing this, but I lost money because the share price has tanked from upper teens when I first started to under $3 now. Lately I've lost faith and sometimes sell all my shares. But its so darn hard to leave ADXS forever because I don't want to miss the ride back up, if there is one.
Just y guess but I don't expect to see the share price rise on announcement of the EU filing. This filing has been expected to happen and is no surprise and doesn't guarantee ultimate approval. Conversely, if they announce another delay in the filing, I expect the share price to drop.
Yes this is a nightmare. Happy I sold most of mine yesterday at $2.86. Bought some back today at $2.68. But really I don't have much confidence in this stock any more. Been waiting for a bounce for over 2 years. Seems like it will never come.
Anyone notice the volatility index (the VIX) more than doubled today? Would have nice to have had some money in that. Also just read the DOW futures is showing a 1000 point loss at the open tomorrow. Could get real nasty.
Noelle told me a week ago that all options are on the table, including dilution. Doesn't mean they will do it. Doesn't mean they want to do it. But they do want that option.
Thank you for the advice and thanks to those who showed me where to find info on authorized shares. I did some checking and I found companies had a varied range of outstanding shares compared to authorized shares. In general, the companies I viewed were between 50%-75%. But some were around 90%. Conversely I found some around 20%. So it was all over the place.
I understand how you feel Hornet. It concerns me also that ADXS has had an interim CEO for 7 months who hasn't done much from what I can see. You would think a company which is in dire need of guidance during these critical financial times, whose stock is getting crushed and in need of cash, would have already chosen someone. Yet we don't hear a peep out of them, not even a mention that they're even searching. As for my idea of authorizing more shares, ADXS needs to reveal their plans to raise more cash before I would vote yes. I want to trust them, I really do, but we live in a world where people can get tricky and not everyone is trustworthy. I don't know this guy and I want reassurance. I don't want the company looking at us shareholders as simply moneybags. I want to know they have some realistic partnership on the horizon. But you know, even that isn't a guarantee this ship will sail. There would be a stock pop, but we would/could sink right back down unless these people get on the stick and get this tub moving. Enough with all the delays. My honest opinion is that another well-established BP company could do a better job. Just sell to someone who knows what they're doing. But I seriously doubt they will. They seem to want to stay afloat, and in the process clean out my pockets.
Maybe I'm looking in the wrong place, but I can't find it even on Yahoo finance. I can find Outstanding shares but not authorized.
May be dumb question but I will ask, how do you find a company's authorized shares?
There's so much uncertainty with this company that I really don't know if I want to still be in or not. After such a long deep drop I felt the sp was finally bottoming, especially after the anal news other day. I want to be in for the ride back up. But now, seems there's still a lot of uncertainty how ADXS will garner more funds. They can't, or won't, tell us their plan to get more cash and they're asking for authorization to issue a LOT more shares, claiming this is normal. Two possible outcomes, either they make a partnership or they heavily dilute and just kill the stock even more. AND, if they're wanting these shares for leverage for a making a deal, then with the proxy vote not til March, we have at least a few more months to wait and guess. What a headache.
Yes, that's what she said. Only less than 15M shares left and they wanted to be stronger when dealing with another company. I asked what she meant and she said if they don't have enough shares then other companies can push them around in negotiations, but if they have more authorized shares then that is less likely to happen. She may have meant that the extra authorized shares gives them some leverage, ie they can tell another company to take a hike if the offer isn't good enough because ADXS can always issue more shares to stay in business. She could have been inferring to a hostile takeover as well, I don't know.
I just got a call from Noelle. She was calling for Sara who I had called earlier. Noelle told me essentially the same thing others on this board have said, that this is routine and they are only asking for a 46% increase. She said they only have less than 15M authorized shares left and they need more so they aren't too weak if dealing with another company. I asked if she thought a partnership was on the horizon and she said she couldn't comment about that. She said they don't tell her everything. She also said that of course a partnership is preferred but that to keep the company running they have to keep dilution as an option too. So it's still anyone's guess what will happen. Don't rule out anything.
So Iggy, whose rights do you care about more, ADXS's or ours, the shareholders? Don't you realize that we OWN this company? That's why they have to ask permission from us, the owners, to authorize more shares. We don't have to grant it. Why would we blindly grant something without at least being given a good reason for it first? Don't you want to know what their plans are for the se newly authorized shares before granting to them? We're not going to just hand them over our credit cards. And to me, a good reason isn't "It's common practice for flexibility to keep the company funded and running". Translation: We want to have the option to massively dilute if necessary. Right? In fact, that's what YOU'RE saying too. You want the company to have that option, to stay in business. Well honestly, if they have to do that to stay in business, I'd rather them be bought out instead. They've been in business what, over 10 years, and what have they done to help cancer patients so far? No drugs available yet nor is there any on the horizon for approval. Let BP buy them out. That's MUCH better than continuing to burn my money and nothing in return.
Unfortunately this confirms to me what I had feared and what I have been suggesting is a possibility all along, massive dilution IS an option. But when I say that I'm called a fudster. Hey, I didn't want to be right. I was hoping for ADXS to turn it around because I'd like to make money. I called the phone number listed for Sara Bonstein and all I got was a voice mail. I left a message but so far no response. This stock is such a headache. I need to sell this headache and move on.
Yes it is painful. I sold all my shares last week. Then bought back in when they PR'd the anal results. I was sure we were ready to take off. And now? Who knows. This company is a headache. And all this assumption that silence is a good thing and means they are discussing a deal or buyout? No one knows. Now with them wanting another 30M shares authorized it gives the appearance they may be thinking about super dilution. Who knows what's inside Tony's head, and he's not talking. It would have been nice if Tony had issued a statement along with this proxy and told us what their thinking is for these 30M shares. But continued silence after issuing this proxy makes me nervous. Tony, just TELL US THE PLAN.
Yes, it definitely gives them flexibility. It gives them the ability to be able to issue a ton of shares to stay in business. I can see why they would want that. But why would shareholders want that? Do we really want them to have that kind of "flexibility? Do we want them to have the power to issue that many shares? I don't. I don't think they would ask for these additional shares unless they have a plan that would use them. IMO, we as shareholders have the right to know what that plan is. And if that plan is to issue a ton of shares to stay in business, then we say NO. Then they would have to seriously consider a buyout. That would be a lot better than issuing 30M more shares.
That meakes sense Keithz, but then the question is, if they already have current authorization to issue up to 65M (an additional 23.5M shares), then why do they need to authorize another 30M? And why would you seek authorization of shares that you don't intend to issue? That would be pointless. So my common sense tells me they have some plan that includes the possibility to issue them.
So then not only are you saying that dilution is on the table, but you're also saying that it should be there. That management SHOULD have the option to dilute. Interesting. But again, why would a shareholder want a 40% dilution? I can see if management wanted 5M shares authorized, but 30M? It's like giving a criminal a loaded gun and saying here, I trust you not to shoot me. Why load it?
Ok, I will confess ignorance. Why would shareholders authorize new shares to be issued? Everyone knows that would dilute so why would shareholders approve that? And 30M shares too. Scares me to think that I might have been right when I said that management will do anything to stay in business, even issue a large amount of new shares. If they did that then what is that, about 40% more shares? Scary.
Good points cab. BP and big investors certainly were aware of the news yesterday but they didn't buy, so maybe the PR got the attention of day-traders today? I've been noticing the past week or so that the stock pattern is bullish. ABy that I mean the long-term drop seems to have stopped and we've been going sideways. And now the pattern has the same look that I've seen before. I followed a stock that did this exact same thing, bottomed and then had this look before it shot up 10-fold over a 3 year period. IMO we're in ther middle of reversing this long down-trend and this is the beginning of a move back up.
Today's stock action is great! But why today and not yesterday? I saw this same news yesterday about the 8/9 anal patients. Is there some additional news today that we didn't see yesterday?
Why did the news come out yesterday but the stock price didn't jump until today? Is there some additional news today that I didn't notice?
No it's not upside down logic. When someone shorts he/she is essentially selling. This adds downward pressure on the stock price. Conversely, when someone closes (covers) his short position he/she is essentially buying. So how can we have all this "covering" as some here say we are, and yet the short interest is higher? My point is OBVIOUSLY (as seen by the latest short interest data) there has been net shorting, not covering.
Short interest is up? Posters here say shorts are covering on these dips? How are those two things reconciled? How can people short at this level? Appears to me that we have bottomed out, fingers crossed.
Why is it that seems every time ADXS has news, the stock drops? And though there seems to be a consensus that this news isn't earth-shattering, it's not bad news either. I take it as more positive than negative. Maybe the small sample size is the reason. But still, the results show that this is well-tolerated and that's something to smile about. And what impresses me is that about half the patients apparently didn't have any significant adverse reactions. Pretty good for something that is suppose to jump start your immune system and give you flu-like symptoms.
Yeah that's a question that came to my mind too. ADXS put anal trials on hold to save money. Obviously this trial still continues which is a good thing. I'm guessing they want to get results out there to garner interest from BP and investment companies. Also to me this might be a trigger point for the stock to begin going back up.
Yeah, small control group is a problem. Trial would be much better if they had a lot more patients. Also in my mind I have a question about the patient who had the cardiopulmonary event. I suppose the cardiopulmonary was attributed to the drugs, but other thing can cause them too. It's not always so easy to tell why someone has a heart attack. Could it be just coincidence it occurred near the same time? Maybe ADXS just got unlucky there. Seems ADXS might be thinking the same way because that patient isn't included in their analysis since they say 8 out of 9.
Yes it would be nice to be able to compare at 42 months, but don't know if that info is even available. Is it normal to release intermediate data at 42 months? I am wondering why ADXS gathered and released this info at 42 months? Was it a planned intermediate reporting point or did ADXS ask for a 42 month result? If it were a planned intermediate results point then seems ADXS would have told us of it coming up. But maybe ADXS is looking for some positive news to kick start this stock back up and thus this. In any case, it is good news.
I agree with your Traderbx 100%. Take Keithz's comparison to me as a compliment. You have a reasonable mind. Sadly we can't even trust everything management says in a cc. If the Christmas holidays were the reason for the holdup, what's the reason now?
That's true, that there's no way management will let this company run out of money and go out of business. But that doesn't necessarily mean you, as an investor, will like how they raise money. Personally I'd prefer if they come right out and tell us their plan to raise money. By not telling us it makes me worry I won't like what they do.
Interesting analysis. All I know if I tried to buy shares when it was at $2.77 and by the time I got my order ready the price had already shot to $2.81 and I waited hoping it would go back down. It didn't and I lost out. Missed a good trading opportunity. My take on the stock movement is that it's hitting a bottom. All the bad news is baked in and so it isn't tanking as easily as before. Still, it's going to take some good news to get it moving back up. Don't know what that will be, but that's what this stock is waiting for. It could move up in a hurry when it happens.
Huh? They put in sell orders to cover their short (buy) orders? That would at best be a wash and would not drive down the price. Short covering is essentially the same thing as buying. Hence the term short squeeze. When they short it applies buying pressure and hence the price goes up. Other shorts panic and close out their positions at a higher price. IMO, today's big drop was because of investors panic selling. There likely were people who closed out their short position on the dip, but the shorting itself wasn't the cause of the fall.
I discovered, and invested in, ADXS 3 years ago when Dan was the CEO. And at that time I remember people on yahoo message board talking about how nice it was to have a CEO like Dan because he really cares about the company and has a positive attitude and is a good communicator. AND, there were plenty of messages that said the previous CEO was so terrible. Now, after Dan is gone, all I see is people trashing Dan and saying nice things about Lombardo. It's a complete cycle. Haven't we learned anything from history? I just don't see Lombardo as being any better. Is Lombardo really "an honest, straight shooter appearing aligned with investor interests"? I heard that he seems to ignore small investors like us. What has he really done in his 6 months as CEO? He streamlined the products and that's just about it. He is too silent on the plan as to how he will raise cash. So far he hasn't done anything to impress me, or the shareholders. The stock is way down on his watch. Look, I'd love for this company to succeed and help cancer victims. My neighbor just died of cancer month ago. I'd really love them to succeed. But so far they disappoint. How long will it take for this company to get a product to market? All we see are delays and people are tired of it. That's why people here are calling for a buyout.
There were a lot of people writing on this board that were not happy that ADXS didn't put out a PR on the consulting firm. BUT, when most of those posts were written, including mine, we didn't know it was a consulting firm. But you're missing the point which is people here are tired of all the silence from ADXS. You admit you criticized Dan, yet you kept your stock. Why didn't you take your own advice that you gave me and sell your stock? BTW, do you really think that Lombardo is doing a better job than Dan? At least with Dan we were kept informed about the happenings with the company. I personally liked Dan better. That's just my opinion. Dan was more optimistic. Who the H knows what Lombardo thinks?
FBG, So are you saying if I have a problem with the way management does something I should sell all my shares? I bet if I looked back on this board I would find some posts by you, criticizing management. Have you sold all your shares? Besides, like I posted a week ago, I DID sell a large portion of my shares. I recently bought some back on the dip. The truth is, as much as I think the management of this company is a screw-up (though I don't go as far as some on this board suggesting that management is in on the manipulation too), my belief is that the stock price is very near its bottom and there is a lot of potential to go back up. So from a risk/reward perspective owning ADXS is a good move, IMO. That's why I'm in. But that doesn't mean I think management is great. Do you?
That's a funny angry message. I feel your pain because it's my pain too. Why can other companies do things right but ADXS can't? With all those employees at ADXS whose job is it to update their website and send out a PR? Noelle? It should be someone's. Is this person also getting a bonus? Like I've asked before, where is the accountability? Bunch of rookies.
"That is why mgt should hire an investment banker to sell the company and announce it publicly." But, far as we know, they haven't done that. They haven't made any announcement they are hiring an investment banker nor have they given any suggestion the company may be up for sale. "Then shorty would cover and we would get a fair sale price of $20+ " Boy what a dream that would be. But for now it's just a dream by many here who are tired of losing money. How long do people here talk about a buyout with NO hint from the company they want one. IMO, management isn't worried at all about their company remaining in business. Anyone cite anything Tony has said which shows his worry about keeping this company funded? They know they will come up with the money somehow, even if it means doing something investors will hate.
FBG, I was asking about all the talk on this board. Seems lots of folks here were certain the delay was due to Christmas holidays. I'm sure you remember that. You and Julius might request I call ADXS but I'm not calling them again. Waste of time. They're very tight-lipped and it's like pulling teeth getting info from them. You can call if you like and let us know what you find.
So what was all that talk about a month ago that the EMA would have already been submitted except for the Christmas holidays? Where did that come from? Was that purely false rumor or did ADXS say that? And why was there talk on this board, as if it was a given, that the EMA was being filed in January? Is this another delay or was ADXS telling us this all along?
What is it with this company? Haven't filed EMA yet? I don't get the impression they have any sense of urgency. How long has it been now? 9 months? Where is the holdup? They didn't have any holdups getting paperwork filed to issue another 2 million shares of stock. Are all those 130 workers necessary for such a small company? Really, what do they do?
Do you honestly believe a company will buy a $3 stock for $50? What is your reasoning? If they wanted to own the company, why wouldn't they just buy up all of the stock on the open market? Makes no sense.