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EXACTLY right Bourbon. And let me elaborate on your comment about the "sell your shares and stop complaining" comment. Seems a lot of people here think that being an investor (ie shareholder) of a company means that you give thumbs up to anything and everything a company does and support management without question. In reality that's not what being an investor is about. Of course investors want their company to succeed. And they believe they will, otherwise they wouldn't have their money invested in that company. But at the same time believing and hoping a company succeeds is not synonamous with agreeing with everything they do. If management is failing in some aspect, it's not only the right of investors to point this out, it's their duty. AND, as an investor, you want to know everything that is going on with that company and its management, even the bad. Just because someone points out something bad doesn't make him/her bad. Don't shoot the messenger. On this board there will be facts mixed with opinions. That's just the way it is. Companies don't let you in on everything going on behind the scenes and we're left guessing. ADXS management is very quiet. They know they will soon need more cash, yet they're very quiet on the issue. They must have a plan A and a plan B, but they're keeping tight-lipped about it.
From our point of view we're in this for the money. But don't let that fool you into thinking management will do whats best for us. Management will do what's best for them and their company. And if it means issuing stock, they WILL do it. It might be their plan B or plan C, but if it comes down to either issuing more shares or letting the company run out of cash, they will issue more shares because from their point of view, at least the company stays in business.
As I've explained before, after riding this down for $30 to $3, I feel stuck because it could explode up and I dont want to miss it. But it could drop more too. After seeing them issue more shares it made me realize they dont think anything of shareholders. They just look at us as moneybags. They could and would issue more shares to keep the company running. So after realizing that I sold most shares Wednesday. But I kept a few for trading, and enough to keep posting here and annoy you guys. lol
Like I explained, it say right on the form. It's as clear as day. And it clearly states shares issued. This is my last message on this. Maybe someone else can straighten you out about this if you still don't understand.
Have you ever considered the idea that maybe the reason ADXS still hasn't found a permanent CEO is because they would rather a temporary CEO to take the fall when they have to issue more shares to raise cash? Lombardo can retire. Probably wants to. They convince him to hang around with some incentives (maybe some of that stock we just saw issued) and then this Spring, boom he issues more stock and then leaves.
Dude, it says on the form "Employee benefit plan" and "common stock to be issued pursuant to the grant or exercise of awards". It doesn't get much clearer than that.
Of course you're correct CATT. Bonuses should only be given for accomplishments. The bonuses just approved comes out to about $40,000 per employee. And guess who is foo the bill, investors. ADXS management acts like they're a gov't entity and we are the taxpayers. And we're dumb enough to let them do it without complaints. To me this shows how easily they will be able to raise cash when they run low, just issue more shares. They WILL do it if they need to. The best place to work in NJ.
ADXS drops 9% in 2 days while the overall market and IBB are up and then the next day news comes out that ADXS will issue 2 million shares and I speculate that the news might have leaked and I'm told I need to provide evidence otherwise my idea is ridiculous. Yet some here insist ADXS will be bought out with no evidence. Where is your evidence ADXS is on the market to be bought out entirely?
Why up so much? Any news?
Hornet, you might want to shorten your messages, but you're right about everything. Company takes 9 months to submit a EU document but can submit a request to give its employees $6 million in stock in a few days. They can spend our investment money without any concern about costs whatsoever. Its like they think they're a gov't organization and us investors are like taxpayers and we just give them our money to spend as they wish. Where is the accountability?
Iggy, it says right there on e document "common stock to be issued" so I'm standing by my assertion. Second, they had approval years ago (in 2015 when everything was going so nicely) but that doesn't mean it was "baked in". Is the EMA submission baked in? We all know that will happen. I stand by my opinion that the drop the past 2 days were because of this. If you or anyone else disagrees then we'll just have to agree to disagree.
FBG, I offered up an opinion as to why ADXS was down last 2 days. I have no evidence as you say. Its just my observation and opinion. You can disagree with that opinion if you like. And you can offer up a different opinion/reason for the drop if you like (which you didn't). But to verbally attack me "simple-minded" is out of line and just plain rude. Disagree if you want, but at least be civil about it. BTW, what is your theory as to why we dropped?
I am wrong? Question: are there 2 million more shares on the market now than there were last week? Yes or no? Simple question. And when a company issues more shares is the name for that called dilution? Yes or no? If the answer to either question is "no" then you can say I'm wrong and I'll admit I'm wrong. All you have to do is offer up some proof that either one of those answers is no.
What you talking about dude? I didn't see the news nor did I even know what the news was. I was just asking where it was. I can't ask that? Geez.
It may not have been a "surprise" in the sense it had already previously been approved, but it was unexpected. And you might want to play semantics as to whether or not this was "new" dilution, but it definitely was dilution. Two million more shares is dilution and that's why the stock price fell. Not manipulation. It's simple supply and demand. That's basic Market101. More stock shares on the market, the price falls. It's that simple. No need to make up any manipulation excuse. This stock was a dead dog today while bios in general were up very nicely.
Thank you. See it. So 2 million more shares now on the market. No wonder stock down today, dilution. But how did they know before the news was issued? Was there a news leak this morning? This definitely explains why ADXS down last 2 days, and especially why down today when bio techs up quite nicely. Insiders obviously knew about this before public did.
I'm sure we all ask ourselves that question: Why didn't we sell at $30? And of course the answer is because we thought it was going higher. I was foolish enough to believe those who claimed it was going to $50, maybe even $100. I planned to hold til $50 then sell some. And by $100 would cash out entirely. Needless to say that didn't happen. At the time there was a lot of hype. I thought ADXS would have at least one or two drugs on their way to market in a few years. Now that appears to be just a dream. I'm sure there are lots of others like me here.
In the news section of company website? Wonder why I don't see it in the news section nor the press release section. Also don't see on Yahoo and even in news search. Could anyone please copy and paste? TIA
What is this about? May I ask where are you reading this?
"Obsession" over share price? The share price "has no connection to reality"? The share price IS reality. For us investors who are primarily in this to make money, it's the MOST important reality there is. We should be "prepared to wait" while "then share price is in the interim"? How long should we be prepared to wait? And how long does this interim last? We dropped consistently for 2 1/2 years and lost 90% of value from the peak. We have no idea how much longer this interim is. I think most of us feel we have waited long enough and lost enough money. Everyone has their breaking point. Even you posted a few months ago, when this stock was $4, that you're willing to stick it out til $2 before you complain. So even you have your breaking point, it just happens to be lower. But you have one. Whether you like it or not, we have paid for the right to whine. And as for your statement we're "blaming the wrong people", that's your opinion, not a fact.
So...EU submission by March 31st. But, then why was there all that talk that it would have been filed already except Christmas break was holding it up? Then it was said it would be the first thing in January. Was that all garbage? It's really the 1Q? Which, unfortunately, for this company it means the END of the quarter because they never do anything timely.
Yes Banks, I've noticed the same thing. Posts about manipulation seem to have priority over posts which reject it. Fact is, no one is interested in risking their money on this company, and THAT's why we're down. And this silence, contrary to what some seem to believe, is a sign they are having trouble finding a partner, NOT a sign they are soon making an announcement they have a partner. I'm finally, today, changing my tune and hoping for a buyout. I just don't see this company continuing forward the way we're going now. Buyout (anything above $5) and I'm through here.
Yes, delays are killing us. Will EMA follow suit? Would be so nice to hear about submission this week. But would not be at all surprised with this company that they don't announce submission for a good while. I've lost faith they can do anything on time. And with all those employees too. Again I ask, what do they do there? Besides collect a paycheck. Come on Lombardo, what's the plan to raise cash? Throw us a bone. It's the unknown that the stock market doesn't like. And we're getting killed. Days like this make me think I should get out. But, with my luck as soon as I do this stock will rocket up. STUCK here.
Ok thanks. I'm just trying to get it straight and I didn't remember him being fired. So it's just speculation and opinion on everyone's part now. Could have been fired. Or pushed out.
Iggy, Everyone knew Mauro as fired? I didn't know. I don't remember seeing anything about this. And all the "evidence" you give is purely speculative. Can you show any proof he was fired? It seems rather odd someone with all his experience would be fired.
Nasdaq up. IBB up nearly 1%. And this pos ADXS down almost 3% testing its lows. WHEN will we catch a break?
ADXS did rebound after the tax selling, last week. People and stock funds had extra cash and they put it to use. No surprise at all the market was up last week. Also no surprise down this week. IMO mostly profit taking, but also some fear because let's face it, ADXS hasn't exactly done anything yet to instill confidence. Some people on this board said EMA would be announced last Thursday. Didn't happen. Think I saw someone predicted today. Who knows when it will happen. Point is, people lose confidence in ADXS because they take their sweet time doing everything and possibly have stirred fears they will delay it again. But, imo, ADXS will announce "soon". They said they would do at beginning of year and I'll take their word for it. But if they make an announcement they are pushing it back again, then that quite likely will cause stock to drop another leg and, speaking for myself, I will be very disappointed at management.
Let's just hope that Tony already has a partner lined up and doesn't need to go to that conference. Because it would be insane not to go otherwise.
I'm guessing this was written in 2015 because of this:
"- exit 2014 with 1 candidate. Now have 3 proprietary.
- I expect at least one new candidate in 2016."
IMO this information is too old to have much meaning.
The big disappointment I got from the article is seeing there may be no trial results at all this year. That's killer because that's what we need most, some hard evidence so investors/BP will want to invest in us.
LOL yeah it's funny how people see silence as a sign of a deal in the making. How many times did we see posts on this board "The silence makes me think a deal is coming soon." But, no deal yet. I'm not so sure that silence is a clue of good news to come. I think this (temporary) CEO is just a quiet guy who doesn't say that much.
People are often guilty of claiming their opinions are facts. Me too. We become convinced our view is the correct one and therefore is fact. But the reality is, sadly, we haven't been given many facts recently by ADXS. Mostly these Conference calls are just a rehash from years ago. And the facts we have been given haven't been positive, IMO. For example, "temporarily" shelving HER2 and AXAL ANAL (without giving much reason other than to save money and provide focus on its other products) is a fact. We have "opinions" as to why they were shelved. Some of us think ADXS is telling the truth and just being practical while others believe they are hiding something. IMO they would only hide bad news and not good news. So let's hope they are not hiding anything. But I'd feel much better about this if they had explained in greater detail why they chose to shelve products which they believe are good drugs. Burger King doesn't just take the Whopper off the menu and say they are trying to focus their product line unless the Whopper isn't doing well. One thing that is discussed and speculated on this board all the time is whether there is a deal in the making. Fact is that ADXS has said they are open to partnerships/deals. Fact is no one knows how this is going behind closed doors. And I agree with Bourbon, Tony hasn't delivered anything after 8 months. Only thing that I can think of is he put the focus on the 4 drugs so to save money, and I personally don't consider that such a positive thing. We need more positive news to get this to go back up. If we get that then this thing could rocket up. As disappointed as I am with ADXS management I think the stock has been beat down as much as possible and, barring bad news, is ready to go back up. We just need that good news to get us up. Come on Tony, do something and get this stock going again.
Hear submission on Thursday? The question in my mind is will that news move the stock price? Usually its unexpected news which moves the market, not expected news. And this is certainly expected.
I agree this has been beaten down too far and not much potential for shorts to gain any more. Looking at the chart, the down trend seems to be wearing thin and I sense that we are near the bottom. But it would be a tremendous help if ADXS would make a major positive announcement of some kind to begin the push back up. If they go for months without any real news then we could have another leg or two down. I hope not. We really need a deal early in the year.
Yes, 56% survival would be great. It's like double the 12 month survival without treatment. And I imagine it would help them live longer too. But I'm also interested in knowing how many people have the elevated bio markers versus the lower ones? Also, is there any way to alter these bio marker levels? Also another question, do people with the lower bio markers have a better survival rate without treatment, or only with the treatment?
Traderbx, yes there is an explanation, and I just explained it. ADXS market cap is near its cash value because the free market thinks ADXS products are near worthless. That's why there has to be some trial results or some offer of proof by ADXS that it has viable drugs in order to get this ship righted. I haven't seen any evidence that ANY BP wants to buy any of ADXS's drugs, not even with the sp this low. Tony hasn't given any clues that any BP has indicated any interest, right? Now we don't know what goes on behind closed doors, and I certainly hope there is something brewing, but we haven't been given any clues so far. Just saying.
Exactly right Barrell. The drop below $3 was due to investors' worry that ADXS products do not work, or at least are not good enough to beat its competitors (or SOC) by a significant enough margin to ever get approved and out to market for a profit. In the end it's all about making money, and if BP doesn't think they can make money, they won't buy our drugs. The poor AXAL anal results do not help. The bottom line is that the jury is still out on ADXS's products. It's not hopeless, but ADXS has to offer up some proof before BP comes knocking, IMO.
I'm not so sure results were released Sept 2017. I found a few other news reports for these results, one in April 2017 and the other being July 2016. Link:
http://www.onclive.com/conference-coverage/2016-world-gi/nivolumab-spurs-encouraging-responses-in-metastatic-anal-cancer
Thank you Dewdiligence. So if I am understanding you correctly, there are a grand total of 50 patients who have entered the trial and been dosed. And out of those, 19 made it to 12 months. So even though the PR was issued in March 2017, the data was from Jan 31, 2017. And as of that date there were 8 patients alive. Ok that sounds like a plausible explanation. So can we assume no more patients after Jan 31, 2017? And so those will be the last updated results from Phase 2? Or I wonder if maybe they still track those patients. Just wondering out loud.
Actually we don't know how many people survived 40 months and how many survived 12 months. Only 8 patients alive (as of Jan 2017) and we know that the range of those survivors was from 12.2 months to 40 months. So there is/was at least one patient who survived 12.2 months and at least one patient who survived at least 40 months. Also we know one patient (the one with complete recovery) survived 18.5 months (as of Jan 2017). But we don't know the survival length of the other 5 patients who still survived. So we can say the survival rate at 40 months is at least 2% since we know 1 patient survived that long. And, with 7 others still alive it's possible a few of them could make it to 40 months too (from when they began treatment). In fact, I would expect the patient with complete recovery would eventually make it to 40 months. So my guess is that 40 month survival rate may be around 5-10%. That sounds like a low chance of survival, but for patients this late stage it might be pretty good. I wonder how that compares to SOC.
Speaking of survival, I'm curious about something. Since we are moving into Phase 3, does that mean we won't receive any more updates on the patients from Phase 2? Also in Sept 2015 it was announced Stage 1 data showed that treatment with axalimogene filolisbac resulted in a 38.5 percent 12-month overall survival rate in 26 patients. So at that time 10 patients remained alive.
Then in Oct 2016 Advaxis' GOG-0265 trial showed that patients treated with the axalimogene filolisbac drug during the second stage pre-hold period experienced a 37.5% 12-month overall survival rate. Don't know how many patients there were or how many still alive.
Then in March this year ADXS reported GOG-0265 demonstrated that 38% of patients (n = 19/50) with heavily pretreated PRmCC were alive 12 months following treatment with axalimogene filolisbac. Also a durable complete response in a patient with PRmCC previously treated with chemotherapy and bevacizumab remains ongoing at 18.5 months. (which is great) And 8 patients remain alive as of January 31, 2017 (Range 12.02 – 40.6 months)
I copy and pasted much of the above. Everyone agrees these are great results but what I am wondering is are we going to continue to get updates on how many patients from this phase 2 are still alive? Also something else maybe someone who is good at understanding this stuff can explain: As stated in the press release in March this year, after 12 months there were 19 survivors (out of 50 patients), but it goes on to say that there are 8 patients who remain alive as of Jan 31, 2017 (ranging from 12.02-40.6 months). I don't understand how there can be 19 survivors in March but there were only 8 in January. All comments welcome.