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The Amgen crash was nearly 3 years ago now, what does that have to do with the prior 3 years of absolutely nothing from Advaxis? Still manipulated downward? 4 years of it now? BS.
Bourbon is right, there's not enough here for hedgies to even care. Everyone wanted an exit and sold including the great names involved with the Lombardo disaster at $2.
Face it, the company has been mismanaged to no end and even lost their ONLY paying partner. Now they're saddled with multiple trials and a $45mm a year cash burn (down from $80mm no less). Any shorts/sellers that are left are all here for this reason - others want OUT of this stock or are looking for a quick buck.
No, the manipulation continued unabated through good news, bad news, any news. It didn’t matter.
Unabated? And who's supposed to stop them? the SEC? There's ample reasons for why shorts have stayed on this stock and there are no buyers willing to stick their neck out for this company, can you blame them?
It comes back to this every time, why can't Advaxis find a partner for anything they have? It's gone unanswered for years now...
The incessant manipulation began and continued during times when cash was not an issue. They were not shorts reacting to non-existent weakness, they were actively moving the market down to create an endless downtrend.
The manipulation (shorting) began after advaxis's meteoric rise (also manipulation) to $30 bucks a share. That was a strategic and successful move by their part as that upward trajectory was a blatant red flag. I wouldn't exactly call them schemers or criminal.
They attacked regardless of what ADXS did, or was.
Doc and everything the company did following the raised cash and second lease on life was blow it, and quickly. Thus, allowing the bear thesis to remain on this stock indefinitely..
This company is heading to under a 20mm market cap and there still seems to be zero interest from investors, partners, or buyers. Unbelievable how poorly judged this stock has been. Down 99% on my initial investment. Term sheeeeeeeeets!
If you can't judge someone on their results, how are you supposed to judge them at all? Managements results are nonexistent outside of a failed EMA filing, crummy/dead deals, and horrendous dilutions (12 million free shares anyone!?). Unreal people still want to defend their record or spin it as if they had no responsibility.
By every measurable indicator this company, and its management, have failed shareholders miserably... or maybe it's the science.
Agreed.
In other news Advaxis still has Amgen as their partner for NEO on their website... what does that say about their prospects!? Lol sad.
Yeah, I don’t believe the fintel website is accurate. It must have gotten screwed up with the r/s or something. Everyone went to zero and people like adage sold out, which according to their 13f they still own 166,666 shares.
Crazy.
Now that ASCO stuff is coming out, why again are we not there? Do we not have strong enough results to present?
The stock never should have bounced that high in the first place on that news. No point in getting upset at those who ran it up.
Or he sees the writing on the wall. These guys have no cash while running multiple expensive trials.
I'd leave before the announcement too
No, I'm done waiting on the science and anything else with this company, that's why I posed the question.
So did Amgen also tell advaxis that the aim2cerv P3 trial will fail?
No, I'm done waiting on the science and anything else with this company, that's why I posed the question.
So did Amgen also tell advaxis that the aim2cerv P3 trial will fail?
Only hope at this point is a reverse-merger with a private biotech company looking for an easy way to go public, as Dew predicted
Yeah, but what does that mean for LTSH? Is it a net nothing and once the reverse-merger happens its about waiting to see if the science pans out, again? I dont know much about reverse-mergers but I dont think they pay a premium or you come out on top in the merged company, financial wise.
Oh well, might as well hold, there's not much left for me to lose anyways.
Is petit leaving a call for another buyout rumor!? Lol.
The person that mentioned this petit rumor, bravo. Is the CMO going to follow?
Also, where’s James? He’s supposed to bring us this kind of news first...
James, what do you think happened to the FDA response that was expected within 30 days of Advaxis writing them? It's been months with this partial hold in place. Any clue?
The company's failure is due to the clinical trial data not being good enough relative to more promising cancer treatments in development that are attracting investor and pharma capital while interest in ADXS' LLM tech has evaporated because of the low chances it will ever have commercial success.
While we both know you don't have the expertise to make a statement like that with any factual knowledge, the reality on the ground is certainly supporting the thesis.
Has nothing to do with hedge funds or ADXS management, but everything to do with the science.
This is bollocks. The management team at a BIO company is about as important as anything else in the company. Management at Advaxis has been an utter catastrophe and have mismanaged everything to a level i've never seen before. Missed all deadlines, lost partners, crap deals, failed all fiduciary duties, used questionable statements to keep people hoping (i.e. partnership discussions, building shareholder wealth, term sheets etc.).
Bottom line is we may never know the real truth of LLM tech due to cash issues and mismanagement.
Where are the term sheets Ken mentioned months ago...where are the HOT discussions at which Ken mentioned nearly a year ago... wheres the FDA hold... where are NEO partners... where are aim2cerv partners... where are we getting 500k a year to pay ken.. wtf is going on at this point.
Are warrants/pref the next 8k we see from these guys.
Honestly, is this their newest attempt to attract a partner? If they honestly don't have a partner lined up already for at least something then we're screwed....
I wonder if those term sheets fell through so Ken and company could buy again. I cant believe they'll last through the year with their cash situation.
Around 10-15k shares combined were purchased. This orchestrated drop was for that!? Gimme a break.
When it's not a pittance and they're not staring dilution down in the short term. They're desperate for a deal and buying like that doesn't show they're close to anything...
Did anyone answer the question about the limited number of patients dosed in NEO? I was surprised by only 3-4 patients being dosed so far...was this expected? Amgen could only make a decision off 3 people...
We've all been beaten to a pulp. 2.5 years of straight letdowns and raises.
I agree. I was talking about the free shares given away were probably sold in the run-up. I also agree this was pumped then shorted down to here by some of those buying in the offering.
To have any clue where it goes from here though is foolish as we all know how every prior raise has gone and how well peoples predictions have panned out...
doesn't the lockup on the shares converted from the warrants end soon?
I know that ended last week on Friday. I would assume they sold into the rally on Monday and made a mint. With free shares it's kinda hard to lose.
As for the 33% dilution, are there any restrictions on flipping that offering?
As far as I know there were no restrictions in the new offering. It's the wild wild west out there in Advaxis trading land.
I have to believe Ken has something coming up due to this meager raise with no sweeteners whatsoever. He did the pump with 12 million free shares to get as much as possible without digging deep. I have to believe that's the only reason this thing hasn't gone down heavy. Also, Market cap is basically zilch now anyways.
Of course every prediction but utter demise has been false here, so who knows...
Yeah - the hedge funds understand the science better than BP does and are going to make a fortune. Advaxis is shopping around all their constructs and no one is biting. Hedge funders are going to lay waste to this company unless Advaxis can show/prove they have value with a REAL deal, with cash.
Sabby Volatility Warrant Master Fund, Ltd. Boy do they sound shady. This just keeps getting better.
Absolutely nothing from these guys for years. I still remember when lombardo kept reiterating they were going to build shareholder wealth. Also, what happened to the negotiations for HOT that Ken put in the frickin Corp presentation?
Ken was at least smart enough to negotiate 500k salary. Hopefully he's investing that in a real company.
management is squeezing the lemon dry before shutting it down.
He [Ken] has got 10's of millions of authorized shares left to do just that with after making them not subject to the r/s. It'll be interesting to see where this ends.
I completely agree with that assessment. Now we have to gamble on where this goes next. Or just leave this company alone entirely...
It's not about caring about the legacy holders. Has nothing to do with that. If they didn't care they would have thrown warrants and everything they had at raising more. It's solely a question of their capacity to understand what they have, the market, and making strategic bets on minimizing damage.
Maybe you're saying they're lazy?
Everyone argues they can't be that dumb... But come on? Everything they've done in the last 2 years has shown complete lack of foresight and understanding of their deal capacity. 80 million shares (pre-split) in 1 year dumped for next to nothing. You have to wonder.
Agreed - but ATM shares would have still been sold for a heck of a lot higher than $4. Idk, maybe they thought they'd be selling 5 million shares at 6-7$? Just another mistake in my book. foolish.
It does bring up the question: Why not use an ATM to periodically sell shares at market prices via the ATM if all they needed was $10M?
This Exactly! They could have dumped a million shares easily Monday during the rally and saved us some of the dilution. Also, what were the 12 million free shares given away for? This whole thing seems like amateur hour again.
No warrants this round just means they're saving for another. This doesn't even pay for 3 months.
They've dumped nearly 80 million pre-split shares in the last year alone for a pittance.
Utterly speechless.
Ok, yeah that's what I was going by. There were definitely warrants mentioned in the last prospectus. Fingers crossed.
We are offering on a “best efforts” shares of our common stock, $0.001 par value per share, in this offering...
The underwriters have no obligation to buy any shares of common stock from us or to arrange for the purchase or sale of any specific number or dollar amount of shares.
This is from the prospectus just filed. Does this mean no warrants are involved?
I'd call it incompetence. Vast over spending, lack of fund raising when the s/p was many times higher, too many trials, pitiful year after Doc firing etc etc.
Scam in the sense of who's getting reamed in all this. They've been all talk and no successes while absolutely destroying longs. I do blame myself though for not listening to myself. lol.
Raja, you holding any right now? Or waiting until after the dilution...
This company is about to be fed to the vultures. If they can muster 70 million from them with a current market cap of half that, then I'll be impressed.
Sure, if its tied to that direct action happening soon after. You banking on that happening though? Remember, Ken almost shelved that trial.
Again, nothing is pointing to them having anything soon, look at their actions. A partnership for neo, no need for a r/s.
James says fda hold release could be coming, but that doesn’t seem like it would provide much of a pump. But maybe advaxis thinks so. The fluff pieces of prior never helped either when they thought they would...
Holding stocks for the long term is the most proven and viable way to make a return, what are you saying? The problem is diversification and extremely risky stocks like this should be avoided. This stock though is the worst of the worst.