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Always red. Official color of ADXS
RedVaxis?
What basis do you have stating Amgen would sell? They are in a partnership with ADXS. NEO hasn’t even started dosing. You r just trying to confuse everyone.
I've looked at the Agmn filing, and there was no provision about lock up and expiration. Do they have to hold ? No. Will they? I hope so. But it's not unusual the "partners" sell their stakes when it evaporates.
Recall PETX also sold out their shares even though we entered into partnership.
As recently discussed, Adage is now right at around 10% ownership of ADXS. If they make any further reductions of 1% or more (down to 5% owernship) they will have to disclose within a day,
I've been trying to get a reference or link to confirm that statement about filing 13G (or, what?) when Adage reduces its holding by 1%, but nobody provided it. My search of the SEC site did not come up with anything to confirm that statement.
Again, Adage is not insider anymore (less than 10% ownership), so they don't need to file Form 4, just 13F/G which is required within 45 days after the quarter ends.
Still huge selling pressure, not sure if it's Adage, Amgen or someone else. Until this is over, it's very hard to gauge where we are going. Hope we put a bottom yesterday, but I'm afraid we are yet to a capitulation. Once we see the capitulation, then it's definitely over.
10/13/2017 7,768,748 905,989 8.574881
9/29/2017 8,368,164 1,631,767 5.128284
Down by 600,000
It took you a while, but your agenda of FUD came through eventually.[color=red][/color]
Yes, of course, it is FUD. What else?
Zach's "research" is as credible as some anonymous internet poster. They are much worse than even Motley Fool.
It's a joke.
Everyone expecting SI to drop under 7M or even lower. I would not be shocked if we see some uptick in the short interest today. Hope I am wrong. What if not? Why short at these crazy levels? Only if someone knows some terrible news to be released soon. Recall how long we, retail investors, were not aware of looming hold? The insiders already knew about the death, and started attacking the equity two or three months before FDA announced the hold.
Who the hell knows?
I'm just a #wmtgreeter
[url][/url][tag]www.newsfilecorp.com/filing/edgar/schedule13g_vs_schedule13d.php[/tag]
From SEC site. There is nothing about filing 13G with 1% change in ownership. What am I missing?
Schedule 13G / SCH 13G
Beneficial owners defined as Passive Investors, Qualified Institutional Investors, and Exempt Investors pursuant to Rule 13d-1 of the Exchange Act are required to file Schedule 13G for possessing more than 5 percent of certain equity securities.
The due date for filing for the beneficial ownership statement depends on the category of the initial Schedule 13G filer:
Passive Investor 13d-1(c) Within 10 days of the acquisition of more than 5 percent but less than 20 percent.
Qualified Institutional Investor 13d-1(b) Within 45 days of the end of the calendar year in which the beneficial owner acquired more than 5 percent and within 10 days of the end of the calendar month in which the beneficial owner acquired more than 10 percent.
Exempt Investor 13d-1(d) Within 45 days of the end of the calendar year in which the beneficial owner acquired more than 5 percent.
The 45th day after the end of the calendar year corresponds to February 14. Should the due date of a Schedule 13G (or Schedule 13D) fall on a weekend or federal holiday, the filing deadline moves to the next business day.
Actually they do have to file if the sell more than 1% of company's total stock there was along discussion on this a few days back. [color=red][/color]
James,
I'd like to believe that but I need to see where this comes from. I need to see a reference to an official document. Can you provide a reference to an official document? A link?
Per SEC rules, Adage is no longer an insider, and is not required to file Form 4. They need to file 13F only, but that's a long delay in time.
Please clarify.
Wrong. I confirmed with Hans that they do have to disclose being over 5% owner[color=red][/color]
Hans is wrong. He either does not know the insider rules or ...
SEC rules for insiders are as follows:
[url][/url][tag]https://www.sec.gov/fast-answers/answersform345htm.html[/tag]
Forms 3, 4, 5
Corporate insiders – meaning a company's officers and directors, and any beneficial owners of more than ten percent of a class of the company's equity securities registered under Section 12 of the Securities Exchange Act of 1934 – must file with the SEC a statement of ownership regarding those securities. On August 27, 2002, the SEC adopted rules and amendments to Section 16 of the Exchange Act, implementing the provisions of the Sarbanes-Oxley Act of 2002 that accelerated the deadline for filing most insider ownership reports.
The initial filing is on Form 3. An insider of an issuer that is registering equity securities for the first time under Section 12 of the Exchange Act must file this Form no later than the effective date of the registration statement. If the issuer is already registered under Section 12, the insider must file a Form 3 within ten days of becoming an officer, director, or beneficial owner.
Changes in ownership are reported on Form 4 and must be reported to the SEC within two business days. You can find the limited categories of transactions not subject to the two-day reporting requirement in the new rule.
Insiders must file a Form 5 to report any transactions that should have been reported earlier on a Form 4 or were eligible for deferred reporting. If a Form must be filed, it is due 45 days after the end of the company's fiscal year.
Since June 30, 2003, the SEC has required insiders to submit forms electronically through the SEC's EDGAR system. (Prior to that date, insiders could choose, but were not required, to file electronically). The SEC also requires companies that maintain websites to now post the forms by the end of the next business day after filing them with the SEC.
If you are searching for the forms that were not previously filed on EDGAR, you can request a copy of the document from the SEC’s Office of Investor Education and Advocacy.
You also may be able to find Form 4 on the Nasdaq's website. Simply enter the ticker symbol for the company in the "Quotes" box and click "GO". In the pull-down box on the next screen, replace "FlashQuotes" with "Insider Form 4". There also are many commercial websites that offer this information. If you enter the words "insider reports" into most Internet search engines, you'll quickly find websites that can provide this information.
For more information on the reporting requirements for officers, directors, and beneficial owners, you can read Section 16 of the Exchange Act. You can download blank PDF versions of Form 3, Form 4, and Form 5 as well as the instructions to these Forms.
Someone selling and I think its Adage.
Maybe so. Maybe even Amgen. We do not know if they have a lock up expiration clause or not. Not made available to public.
Adage does not have to file Form 4 if they are selling now. Their last reported share count was 4,100,043. ADXS had 41,065,835 shares as of 8/31/17 per 10Q. Thus, they were under 10% once they shaved of
600,000 shares in their most recent F4. Adage needs to file only 13F, which we shall see only within 45 days after the end of Q4. Mid February, 2018?
That's how they play the game of chickens with us.
Is this a capitulation? Not yet.
When will it happen? Soon enough, once we dip below $2.00, which is a cash value. We should see a huge spike in volume, the message board tone would be much more dark, then we know it's the capitulation.
Thanks, J&E for your "education".
Are we going to zero? Well, depends what news will be PRed by the end of this week. This is funds dumping loads of shares. The "news" might have been "shared" with them.
Sigh.
Easy,
GOG P2 results were best ever. Don't disagree with that statement. The things would have been different if we just started P3 in the same settings as P2 (more patients and the same control points). However, we got SPA and our Phase 3 is no longer a direct continuation of P2. Current Phase 3 tests LM in adjuvant settings. See the CT:
[url][/url][tag]https://clinicaltrials.gov/ct2/show/NCT02853604?term=advaxis&draw=1&rank=4[/tag]
We likely are not going to get any update for 3 years or so. The silence is short's best friend. Phase 3 is virtually a new trial.
Primary Outcome Measures:
Disease free survival (DFS) [ Time Frame: 5 Years ]
To compare the disease free survival (DFS) of ADXS11-001 to placebo administered in the adjuvant setting following concurrent chemotherapy and radiotherapy (CCRT) administered with curative intent to subjects with high-risk locally advanced squamous, adenosquamous, or adenocarcinoma of the cervix (HRLACC).
Secondary Outcome Measures:
Safety & tolerability Overall survival (OS) [ Time Frame: 5 Years ]
To determine and compare the frequency and severity of adverse events (AEs) as assessed by National Cancer Institute (NCI) Common Terminology Criteria for Adverse Events (CTCAE) version 4.03 for the regimens administered on this study.
Estimated Enrollment: 450
Study Start Date: September 2016
Estimated Study Completion Date: June 2021
Estimated Primary Completion Date: June 2020 (Final data collection date for primary outcome measure)
This is just so depressing. Death by thousand cuts, literally. Dripping 4-5% daily, non-stop. If this something does not happen within two or three weeks, we definitely going to trade around cash value, i.e. $2. We might temporarily drop beneath that level, but who knows anymore. The stock is wounded, hopefully, the wounds are not lethal. Need to get to ER soon, Lombardini!
Selling a quarter of the company (i.e. one of the 4 franchises) would stop bleeding and might reverse the trend. Currently, no technical analysis is valid, although all indicators are in "oversold" and "due-to-bounce" territory.
Adxs chart:
[url][/url][tag]http://stockcharts.com/h-sc/ui?s=adxs&p=D&yr=1&mn=3&dy=0&id=p02553649620&a=444736331[/tag]
We are testing a 3-week old 3.90 level and hope we hold it. It's a double bottom pattern, and we hold it, we may get some bounce. Stochastics show oversold, and we are due to change the trend.
However, nothing is given in Advaxistan.
So, are you assuming the company just sits on good news, data to help shorts cover? This is as absurd as the vast majority of posts here on ihub. No company would do that -- it's illegal.
The company will release any material information once it becomes available. There is no data and news to release right now. Can you understand that. They have their own timeline, and they stick with it. Not on mine, not on yours, not on some hedge funds'. That simple. Period.
Any attempt by the company to "release" any fluff PR will be met with heavy selling. Did we not see that before? Is that what you want?
Please stop prognostications about buyout, partnerships, and data releases. The clinical trials take time, and the company needs time to enroll, to dose, and obverse patients. Timelines can only pushed further out if something goes not as expected (enrollment, CT issues, toxicity and etc).
PS. Patience is required here, but I'm not convinced if Lombardo is the man to do the job. Management is suspect, and it's the most critical item on my list. Do not know if we go to zero, or we add zero to 5. We shall see.
Looks like another batch of dumping is coming in within the last 30 minutes. Adage again or someone else?
I posted two or three messages here, and all were deleted. I assume this would follow the same fate too.
There are several posters in this ihub board that post routinely, 24/7, dozens and dozens posts daily. It sounds like a full time job for some here, and maybe it is. Most of them are very "bullish" and absolutely ignore reality and tend to "downplay" all the negatives surrounding this company. I am not going to name them, but you all know them for years now. Migrated from YMB. Someone is paying them to be here and do the job. What job? The same play as J&E had as lead actress. The support group did not leave the battlefield, but I'd guess their time will expire soon. Thus, I would not be surprised that these posters will disappear one by one within few months. Adage has been laughing at us all the way to bank. The actors will be paid handsomely, and even get a generous bonus for a job well done.
They'd change user names, and be back to work again on some other board soon after a long vacation...
Life is going on.
I would not be surprised to see Adage to shave off another 500K shares just to get under 10%.
So, is this a bull trap? Likely. We shall see.
Not good indeed. The question is are they done selling? But I think someone else was also selling ten days before Adage dumped first batch of their shares. Some funds were front running this share dump. This is a big middle finger to TL and entire Bod.
Are we completely screwed? My internal voice says yes, but my shrinked brain with an IQ lower than a dew point in PEI tells me it’s time to let it go. The hedgies won, and I lost. Fooled and lured by their stellar fictional character J&E I would need to stick to my Walmart job for as long as I can open my mouth and say “Welcome to Walmart, a shopping paradise on the Planet Earth”.
I feel bloody lucky... Do yoy?
The volume 4.5 times higher than the average daily volume and we are already at the exceeded the largest daily volume for 2017. Likely, we have not seen that volume since the Amgen deal (can't verify that now). What does it tell us?
1) It's not just HFT, it's more than that. It's likely big (and small) funds dumping shares. The question is why they do that. Cash burn rate? Need to raise a cash soon, within two or three months, tops. Some funds are clearly frustrated.
2) Short are trying to cover cheap. The elevated volume is their best friend and they are taking out all stop losses. Need to see the shorts #s to see the dynamics.
3) The board sentiment is almost at the lowest levels. If it were measured by BSI (board sentiment index), it would be under 20 (a la RSI, from 0 to 100). The short machines have real time sensors here, and they know the real BSI numbers.
This shit storm will need to subside. And it might as we get more clarity on the company direction. So far, the Advaxis county was under the fog warning with low visibility (less than 10"). Once the sun rises, the fog will be gone.
C'mon, Mr. Lombardier!
Gantor,
this is from Nasdaq, after Q2/2017 (most recent data). You can see that almost 2.5M shares were liquidated by the insties in the last Q. Broadfin is completely out.
What we are seeing today is the continuation of that exit started earlier even before Q1.
PS. We are yet to see a bottom. Few days or few weeks, who the hell knows.
---------------------------------
Active Positions
HOLDERS SHARES
Increased Positions 46 1,186,191
Decreased Positions 32 3,249,689
Held Positions 27 15,405,481
Total Institutional Shares 105 19,841,361
New and Sold Out Positions
Total ActiveShares
New/SoldShares
HOLDERS SHARES
New Positions 12 288,237
Sold Out Positions 10 2,782,423
-------------------------------------------------
Owner Name Date Shared Held Change (Shares) Change (%) Value (in 1,000s)
BROADFIN CAPITAL, LLC 06/30/2017 0 (1,519,259) Sold Out
SECTORAL ASSET MANAGEMENT INC 06/30/2017 0 (839,774) Sold Out
MARSHALL WACE NORTH AMERICA L.P. 06/30/2017 0 (306,832) Sold Out