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With the conference out of the way, what inspiration is there for people to buy ADXS? These conferences do nothing to help shareholders. They're just a rehash of old news. How long has it been since we've had new trial results, 2 years? I'm afraid we will be testing, and breaking, our 52 week low again soon. Seems this fall will never end.
"The company is in fact succeeding." Really? Old CEO quit and had to be replaced by "temporary" CEO. Burning thru cash at a high rate. Had to drop HER-2 to save cash. Can't seem to get paper-work application done in less than 6 months! Stock has lost 2/3 of its value in the past 6 months. And yet the stock hasn't dropped because of all this, but rather simple manipulation. I've listed specifics (concrete ideas) for the stock drop. Can you list specifically who is manipulating? Names or individuals or companies? Can you give me any specific methods they use to manipulate? How exactly do "they" do this? Anyone?
Exactly ubmmg, Bad (or corrupt) management can bring down a company. That's one of the first rules of investing, doing research on the company management. Restaurants, for example, with very good cooks and very good food have gone out of business because of poor management. They may have a good product but still fail. So, despite the science behind ADXS, they can still fail if management is too inept. I've been saying this for a long time. That's why I'm so down on management here. Hell, let me run the show.
Great post Bourbon. It's not manipulation which is killing ADXS, it's their management. They haven't, as far as we know, hired an investment banker to look at the option of selling the company, yet they haven't given anyone any clue as how they will get over their depletion of cash hurdle that we will have by next summer. They can't get much needed paperwork done in less than 6 months (what a joke) and they keep hiring people in the face of a cash crunch. That's good management? If they can't even do this simple stuff, how can we trust them to develop complex bio-products? I hope their scientists are much better than their inept management.
Hornet, do you think that Tony reads this board? You're screaming your head off but they're not listening. I wrote Noelle, or however you spell her name, and she replied with a canned response. She said there has been no news to move the sp. Well, even THAT wasn't true. There has been news. They fired their CEO and replaced him with a guy who, so far as I've seen it, has done NOTHING. And they've had recent news that they are burning thru cash at a high rate. And the situation our company is in, no news is bad news. We need some good news. Is it possible that Tony really doesn't care? He's old enough to retire so what's he worried about? Just collect a paycheck for the best company to work with in New Jersey. What a nice life.
Gem, can you explain to me how someone or some investment company can manipulate a company's stock? As far as I know, the only way a sp can move up or down is by investors offering to either buy or sell their shares at a given price, ie the market price. Is there another way a person or company can move the share price? Because that's what we're talking about. We're talking about manipulation, which by definition is an unnatural movement or adjustment in a company's real market value. So how are people able to alter a company's real market value?
Iggy, I never said that "a share price is a direct reflection of a baby biotech's value." The value of a company is only one part of investing. This isn't simply a math equation. Investing is a combination of different things, including speculation, calculations, fear, greed, company assets,etc. If you really believe that "the share price is determined by those who make money from the share price being "x" at any given time", as I quote from you, then how did you as an investor or trader, decide to invest in ADXS? Wouldn't your investment in ADXS be purely a crap shoot? After all, you don't know what prices are good for these manipulators to make money do you? If the market is run by these manipulators, then the real worth of ADXS as a company is meaningless. The only thing that matters is what price is good for these manipulators, and they will manipulate the price there. Therefore it doesn't matter if ADXS has any products that will ever have any marketable value, and it doesn't matter if ADXS has good management or not, and it doesn't matter if ADXS is in talks with other companies for a partnership, so why even discuss it? Market forces don't apply. The only thing that matters is what price is good for these manipulators. Because, as you say, the market value of a company is purely determined by manipulators who put the price where they need it to be so that they can make money. So then how can anyone ever make any decisions as to whether to invest in a company or not? They may as well go to Vegas. So I guess that would answer the question I had about what you meant when you said CALA is a good example of a microcap "that was pummeled by manipulation". But I still would like to know what you meant when you said "they loaded up and watched it take off". Who loaded up and what did they load? How did these manipulators decide it was time to end the drop in stock price of CALA and for it to go back up $19? Is there just one manipulator or several? And how do they coordinate this illegal activity? TIA
"CALA is a good example of a microcap that was pummeled by manipulation until they loaded up and watched it take off." So you think the reason that EVERY microcap company loses market value is because of manipulation? So may I ask a few questions since you know so much on this subject? What is it that stopped CALA's fall? You said something about them loading up. What does that mean, loading up? Is this loading up what stopped the drop? Or is there something else that happened that stopped this manipulated drop? How did CALA stop the fall? Or was it even in their control to stop the drop? Did the manipulators decide it was time to stop? How did these manipulators coordinate with each other to stop the manipulation? Maybe we can learn from this example so we will know when the ADXS manipulators will stop their manipulating. TIA
Yep, HFT is destroying this great company. Has nothing to do with inept management or the underlying risk of this type of company. Purely manipulation. I wonder why the SEC, who must be fully aware of what is going on here, doesn't put an end to this illegal manipulation? Maybe Russia is behind it. Yes, I'm sure of it. Anyone who has a clue is aware that Russia is behind this.
And Lee Harvey Oswald had a partner.
Looks like our 2 day run is over. I was hoping that this week could be a good one, but now I fear that we will soon be testing, and breaking, our 52 week low. Only thing positive about that is that there is no way ADXS can dilute us with offering more shares at these low prices.
Sure was a lot of talking about nothing.
My reply to Noelle last week for those interested. "Thank you for your reply Noelle. It's good for me to know that, as you say, nothing that has fundamentally changed with the technology or the clinical trials. But unfortunately the reality is that your company stock has continually dropped for over 2 years and has dropped like a rock the past month and a half, losing over 50% of its value. I'm sure you will agree that's a huge drop, even for a bio-tech. And to drop like this on no news is odd and as an investor it has me worried. May I suggest your company issue a PR, stating what you told me, in an effort to settle the stock and bring back hope and confidence for the other shareholders? Also I would suggest including an estimate on any upcoming new trial data expected. It's been a very long time since new data has been released and that may also play into your company's drastic stock fall. Essentially it would be good for investors, and potential investors, to know that your company is working hard to be successful and has a good product that will one day save lives. Perhaps the lack of expediency is a reason your company value has dropped 90% over the past few years. You know how it goes, if you wait long enough, another person or company will come along with a better product, leaving yours obsolete. The world doesn't wait; it keeps moving forward. So if Advaxis truly does have a product which will save lives, let's get on with it and help these people because one day it could be you or me who needs it. Thank you."
I haven't had any reply from her yet and don't expect any.
Fbg, when I said may go under, I don't mean that they will close down and go out of business. I mean that they might cease operating as we know them today. And that includes being bought by another company. In that respect, I consider that going under. Seems most people on this board are of the belief that ADXS will be bought out. So if you took it as an insult, my apologies.
zzaatt, What are you talking about? I'm only doing what others here are doing by speculating and discussing possible reasons why ADXS hasn't hired a permanent CEO. So what's so funny about that? What do you mean about me not having credibility? Do you disagree with some peoples' analysis here that ADXS might be bought out? If so then are you going to personally attack them too? I don't get the personal attack. May I suggest instead of personal attacks, that you put your ideas and disagreements into sentences and show some respect and civility. Thank you.
Blur, you could be right. Maybe Lombardo is the merger guy. But then again we can only speculate and may be wrong. I remember all the talk about Dan when he was first hired, how he had worked with Merck (or was it another major BP? Forgive me if my memory of which one is incorrect) and that he would be leading ADXS into a partnership with Merck. In fact some people on this (and the yahoo) board swore that the main reason Dan was hired by ADXS in the first place was for Merck to get a foot in the door. But as we can see now, that was all wrong. So, as usual, ADXS just leaves us guessing.
Right. Why haven't they hired another CEO yet? They don't seem serious about finding one. If they are then they sure are keeping it a secret. Not that another CEO will do any better than the ones we've had. Seems this company can't get good management. But at least having a "permanent" CEO gives the impression they plan to be around for the long run. Maybe no one wants the permanent CEO job because the potential candidates know this company may go under soon and most CEOs want a real job and not some temporary job.
Fbg, Yes it's true NEOS was $27 2 years ago. And they did receive an unsolicited offer for around $10 which represented a 40% premium over their current stock price. That's all within the range of expectations. But I don't understand where you come up with the imaginary bid for ADXS of $15? That is 5-fold ADXS's current price and is no comparison to NEOS. And as everyone can see, it doesn't matter that NEOS was $27 two years ago. No one is offering them NEARLY that much. And, imo, we should expect the same thing for ADXS. No company in their right mind is offering ADXS a price anywhere near their sp of 2 years ago. We'd be lucky to get double digits, imo. But that said, I do think it would be good to receive unsolicited bids. But one wonders why, if ADXS product is so good, why do no companies make any unsolicited bids? This company is the biggest disappointment ever in my experience of investing.
I did. I sent Noelle an email today. Haven't checked to see if I got anything back from her. But I'm not holding my breath. I expect little from this management.
I DID read your whole post. You never said if the market gets smoked again today that ADXS would not go up. (And anyway, the market isn't getting smoked today, so that is irrelevant) You said "The bottom`s in at 3.109" as if gospel. Maybe you should have added a word or phrase like "I think" or "IMO" and it would have sounded better. Just my suggestion. And you also made another prediction: "Now I see us moving quickly back over the 3.50 that broke to get us down here,and then back over 4.00". Now, you could be right and I hope you are. But frankly I'm not convinced we're finished moving down. I can honestly say I don't know where the bottom is. A few times I thought we might be there but I was wrong. But obviously 3.109 wasn't the bottom. I was simply saying that making such a bold prediction puts yourself out there. No one can be certain of the bottom, especially the way this stock is moving. GLTY
Bottom in at 3.109? I don't know why you wanted to put yourself out there like that. I'm looking at 3.07 as I type this. Just goes to show that predicting bottoms is not so easy. No one really knows. It's all guesswork. Every time we hit a new low people say buying opportunity, but is it really? This dog has no legs.
Thank u for your investing advice Fbg, but I think I will make my own decisions. I have a right to expressing my opinion and that's all I'm doing. That and venting. NO ONE should be happy with what is happening here.
Yes Games, this stock is crap. But here's why it's crap. Not because the company's product is questionable and not just because the sp has fallen like 90% over the past 2 years (which is bad enough). This stock, and company, is crap because they keep us investors hanging on the fishing hook. They want you to believe they still have a viable product and that this down trend is just by coincidence. Hence Noelle saying there is no news moving the stop down. I got a reply from her today and she said the same thing to me. They are milking us for all we're worth. That's the way I feel. I place the blame on the company and not this so-called manipulation. If the company truly feels they have a great viable product, then act like it! And if they really do have a great product then why aren't BPs knocking down their door? Anyone with common sense knows this.
FBG, yes, I remember that was discussed. And until I have proof, real proof, I just don't believe Adage shorted. End of story.
Thank you for that news Attila. I also sent an email yesterday but haven't heard back yet. But I must say, some of what you said about shorts covering doesn't make sense. If shorts are covering, then that means they are essentially buying and excessive buyers, as compared to sellers, drives the price up. Also, they don't even need to drive the price down with this alleged manipulation because you can see the price has been falling for months and years so if these shorts opened up a short position, say a month ago, then they can easily close out their position at the current price and make money. And if they opened up a short position a year ago they're making money too. Just look at a chart, as I did, and click on history, ie 1 month, 3 months, 6 months, 1 year, 2 years, and they ALL show downward trends. So no need to "manipulate" the price down.
Another point I want to make is that if these manipulators think that good news is days away, why would they be selling their positions? Would Adage sell if they know good news is coming? Would you sell if you thought good news is only days away? Normally what happens is that if there is a feeling/hint of indication that good news is coming, it drives the price up. Anyway, thank you for the email news. Fingers crossed this pos stock moves back up.
Attila, I must have missed that. May I ask what email you refer to? And forgive my ignorance but who is Noelle? Is she Lombardo's secretary maybe? If Lombardo says he is working on a deal, I'd like to see where he says that and also would like to know what kind of deal? TIA
GREAT post Hornet! You are dead on. And let's not forget that they completely dropped Her-2, claiming it was too costly. What? One of your prime products too costly? To me that looks like code-speak for "It doesn't have a chance in hell to ever become a viable product, but we'll just simply drop it from our product line and hope our investors don't question us". Very suspicious to me. And what I liked best about your post is that you BLAMED THE COMPANY, and not manipulation. And don't you think, if a CEO knew his company was being manipulated down 80% and endangering its own existence that he/she would take action? The full blame should be on ADXS management. End of story.
What's there to be scared about? It's just simple manipulation. Just ask Iggy. He'll tell you and calm your nerves. And as for cash, don't worry. Way over HALF of our company's market value (around $130 million)is in cash. So we have plenty of cash for a company with this market value, right? What a pathetic company.
How o you know Ig? How do YOU know that Lombardo is working on a deal? I have every right to blame the captain when the ship is sinking. You're a funny guy. No matter what the stock price, you calmly blame manipulation EVERY time. You remind me of the guy on the Titanic after hitting the ice berg, saying don't worry, this ship can never sink. Well, it IS sinking.
Ok, let's all email them and say we're losing our shirts and ask them to do something. Where do we find the email address? Is it on their company website? Who should we address it to? We cant just sit here like fools.
Is this panic selling? We might hit the 2s today. Anybody here selling? I feel the time to sell has already gone. Now I just sit and watch my money go down the drain. Do you think Lombardo is bothered by all this or is he business as usual. Go to work, have his coffee, read the morning funnies, move some papers on his desk, a few unimportant phone calls, two hour lunch, then chit chat with secretary, push some more papers, talk about sports, check the clock to see if time to go home yet. What does he do? Does he even know his ship is sinking? Seems the captain should be sounding the horn and trying to right his ship.
Adage looks pretty smart now for selling at $4. We've all lost 20% since then while they saved themselves some cash. We should have all followed their lead. My life's savings is pretty much gone now. Only have myself to blame for believing in this obscure company, a company that will probably not be around for much longer.
Yes you're right. No trial news in a very long time. And that is in my mind the main reason we are tanking. How long has it been since we've had any new trial result data? Over a year. Maybe a year and a half? That just about correlates with this never-ending fall. But what I want to know, why is Lombardo so silent? Doesn't he know that his ship is sinking? Isn't it the captains job to do something?
Hey, it's just as good an answer as those claiming manipulation. You never know what goes on behind closed doors. But something is behind this fall and it can't be good news. I think we can all agree on that. We're all losing money day after day and I just don't get the feeling that ADXS management cares. How much stock does Lombardo own? Is he losing too? Is he still buying?
And the relentless fall continues. Can ADXS still get $15 in a BO if the sp is $3. How about $2? Where is the end to this dam fall? So now we see why Adage was selling shares at $4. I hope I'm wrong but maybe they had some inside knowledge and know there is no good news coming.
Yes sorry. I meant Adage.
rmarc, sadly I think you're right. Would Amgen be selling at $4 if they thought ADXS was undervalued? Would Amgen be selling if they knew a buyout was in the works? Especially a buyout that would bring around $15 per share. No, of course not. People here have been talking about a buyout for months. Actually I think it goes back to last year. Well, where is it? I just see ADXS getting in a deep deep hole and I doubt they will get out. I hope I'm wrong because I've lost a bundle and I'd like to get it back, but ADXS doesn't give me any hope. When's the last time we've had REAL news? The last news we've had has been negative, new CEO. Bad quarterly report. And everyone knows we're low on cash. What I DON'T get is why there is no accountability. Seems stockholders have a right to demand answers, especially big holders like Amgen. But seems Amgen has decided not to rock the boat, but instead to quietly as possible sell its position. I don't see how ADXS will raise more cash to remain in business beyond next Spring. But, if they are unable to find any buyers or partners, they will issue more shares, even at these low prices. Why not? They will suck us dry before they give up their day jobs. It's really so frustrating. We need mgmt. to SAY SOMETHING.
ANOTHER 52 week low. Or as I call it, another sucker's buying opportunity. I call it that because this dog just doesn't seem to have a bottom and even buying the dips just loses more money. It would be nice to see Lombardo show at least a little concern for us investors. Give us something positive to hang our hats on and a reason for investors to buy. What does he do every day?
Hope we hold the 52 week low today. I have a feeling we will test it, again. We held it on Monday and that was a good sign.
Good answer fbg. That's my take too. Manipulation when stock down, great product and great company when stock up. I compare all this talk about manipulation to the Trump Russia collusion, totally fiction. It's a story for those who wish to blame something else rather than the reality.