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I know it's the middle of the summer, but this low volume is really frightening, appears to be no interest in this at all.
Scary low volume, daily liquidity of $150K, maybe.
Agreed, also hoping he gets some credit (in the share price) for doing what he says. With any luck the statement about discussions around HOT with multiple parties will have a similar result.
Also, FWIW things seem to happen on time or early since Ken has been on board, the first dose of NEO, filing of HOT IND, hold being lifted, even the acceptance of the HOT IND all happened at least as soon as expected. The only real bad news was dropping the MAA, but that was out of his control.
Not looking like much of a pop from this.
I think we have had predictions like this for just about every Monday for the last year, maybe some Monday it will be true.
Dew, how do you rate the chances of any partnership for AXAL? Now that we are closing in on two months since the limited time for an agreement, I think chances are fading.
Back down to the low of last Friday, as usual can't hold any gains.
Wouldn't covering future costs of AIM2CERV be a big win for ADXS? Or for that matter any costs of bringing AXAL to market?
I'm pretty sure any partnership for AXAL is not going to include much up front cash, if any. I believe they will be lucky to get someone to cover the future costs, maybe a very small cash payment, and hopefully some decent royalty on future sales.
I kind of feel like Ken has the right overall approach, but I just wonder how much can be salvaged, when there has been no partnership for the last two years.
I would tend to agree, it has just taken too long, period, to get a partnership for AXAL or HOT. Both have been around for a while, and clearly they were trying to get some kind of partnership over the last year, so why is one suddenly going to materialize now? It has been almost two months since Ken said limited time for AXAL, time is running out.
Hope you are right, but time is running out today.
Maybe more importantly it closed above the last close prior to the announcement of withdrawing the EMA application. A close above $2 would be nearly a 3 month high, of course still a ways to go.
I would still agree with Dew, I find it unlikely they are going to be able to sell one construct at a time, someone will probably want the whole thing if they want anything.
That would certainly be a miracle.
Yeah, a little bit painful today to see it fail to turn around several times, now down a little bit more substantially. Hope you are right about the rest of the week and the near future.
How is is that high volume should make it go up more? I don't understand the expected correlation.
Not so sure about that, but I sure hope your right and I'm wrong. I think it's stuck until something happens that gets it significantly above $2, then things might start to get some attention.
Yeah, I didn't mean pre-market, I mean what it hit during the trading day, where it seems the high was $1.54-1.62.
Definitely surprised to see such a big rebound today, maybe it will end up closer to the highs from Friday.
You still thinking $2+ by the end of the week? In my mind, there would have to be some big event for that to happen.
In the end it looks like the hold being lifted was worth pretty much nothing, as expected. Even if some partnership materializes, not clear that it was held up by this.
Today was not all that impressive, but at this point I'll take any up day.
That would be nice, but still not really convinced that the hold was stopping much of anything. I would think any potential partner would know that it didn't really matter. We will see.
Looks like even holding $1.30 today might be questionable, in other words barely above the Wednesday close.
Knew it would be tough to hold $1.40 given the way this works.
It's called equilibrium, not that hard to explain.
It will be lucky if it even stays above $1.40 at the close, volume is all but gone now.
Yeah, still below where it stood on Monday. There needs to be more good news in a hurry to sustain anything here.
Of course a move on the company probably means a buyout at $3-4/share. Hard to believe anyone would consider any more than that right now.
Fair enough, I hope I'm wrong, but it already gave up half the gains.
Not really, half the gains gone already.
Still looks like most of the gains will be gone by the end of the day.
I would not be at all surprised to see most of these gains evaporate by the end of the day, that's why people are selling.
Agreed, not going to last unless there is something more behind it.
For today.
That's certainly a risk being taken right now by any short.
That's a really good question. I think the EMA might have decided after the submission that they could not set this kind of precedent, that any approval will require more patients and more compelling data.
I know, but so essentially they had one long odds bet out there before, now that's gone. But it wasn't likely to pay off or pay off enough, so you would hope they had already been seriously looking for alternatives. So far those alternatives have not materialized.
That was almost true even before/with the EMA application, but nothing happened, that's what makes me nervous.