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All you have to do is look at the share price to distill the value of the BOD.
The price is $2.76. Remind me - when was the stock up nicely?
Hard for a cash burning biotech to raise money during a market correction. The clay-footed management may be hosting a fire sale soon.
This logic assumes there is only one possible partner.
OK, I suppose. I'm sorry you missed the class about double negatives.
"Although the companies said their focus mainly would be on providing improved healthcare for their own U.S. workers, which total nearly 1 million, the move immediately triggered speculation that any solutions they develop could spread throughout the industry."
http://www.latimes.com/business/la-fi-amazon-health-care-20180130-story.html
They want to self-insure. Not disruptive.
If only Elon was a partner <snark, snark>...
5. No path to profitability.
6. $3 is all the IP is worth.
7. Street sees management/BOD just cashing checks.
8. Request for authorization of more shares implies a plan for dilution at a low share price.
Please, Craig, put us out of our misery! Could have made a fortune swing trading this over the years...
So true, only the shareholders.
While I didn't read your linked article, my supposition is that it disregards how batteries are charged.
thanks.
your question are?
How many MD's are being sued?
Massive dilution is as plausible as any other scenario. Maybe more so.
hope, faith, fingers-crossed.
lol.
Quite right. My bad on the dates but...
Most companies wouldn't pick the friday before a long holiday weekend (week) to talk about anything other than failure.
Of course, ADXS isn't a normal company. They're running out of cash and might have to explain the "ongoing concern" tag the auditors lay on them.
I resemble that remark.
dumbardo, is better. if that's what your doing.
Bring on the dividend, ENTA!
Just kidding (sort of).
I think they are over leveraged and will be forced to reorganize, in some manner. They should certainly cancel their dividend.
Companies need to be able to fund operations. What is "full potential" for shareholders if they fund operations by dilution at this price? They are painted into a corner.
so no market or liquidity for these cvr's? not sure how i should manage this. advice?
The law of parsimony tells me otherwise. Good luck, though.
supposing "Any reasonably illiquid, pre-revenue company can easily be manipulated" how do you suppose this dog escapes?
If this company is worth something, which isn't clear, it should be put on the auction block.
Hardly matters as ADXS is, financially, essentially an ongoing concern. They are in the danger zone, cash wise, and the market knows it.
No one who bought adxs on margin, and has enough equity in their account, has to cover or fund shit. re: this train wreck.
My point was that the lack of a positive material event is the problem. Sorry if I was obtuse.
Isn't this the crux of the problem? That there "are no material events"?
This is patently false. You obviously don't understand margin requirements.
I suppose that's one way to read it. Another would be that partner negotiations are going nowhere. There is no news because no one is interested.
saw that, cdxs is on fire too.
maybe the 40mg product will be eventually approved. but, even so, what you suggest includes years of dilution.
seems like dew is just reeling people in...
he was reading from a power point presentation. dreadful.
was there a q&a? my feed crapped out.
Relative to what? A couple multi-billion dollar failures?
adxs has lost more than 40% if its market capitalization in the last week. Roughly $100 million. Do the math yourself. And then be sad.
why are you laughing?
Shorts hate it so much because they just made $100 million.
why today?