Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I wonder how much ADRO's Phase I data yesterday on its listeria based drug has affected ADXS's upward movement. I think maybe that data has, at least temporarily, stopped ADXS's downward spiral.
I'm not a optimistic as you James. Bio marker info this week (mid-October) when is suppose to be November? ADXS is rarely even on time, much less early. It would be a total shock to me if they were early with anything.
Another 52 week low this morning. Congratulations ADXS. A round of cigars for everyone. Or maybe it should be a round of drinks so we can temporarily forget how sorry we all were to ever put money into this company.
Iggy, you said: "That time lost will be recovered by getting faster approval." How do you know that? I haven't seen anything associated with this company that is fast. You must be purely speculating, and if so, it's a wild speculation.
FBG you are absolutely right. Dilution makes no sense at these stock prices. Dilution would absolutely hammer this stock and would give investors, and shorts, the impression that no one wants to partner with ADXS. And then that would even throw more fuel on the fire and give shorts a free reign to short us out of existence. IMO
Yes Sandman, we still above $4. But just barely. And looks like we will test 52 week low AGAIN. I don't mind testing the low so much, but I wish we would quit breaking thru it. We need a catalyst to stop this never-ending slide. Like Bourbon was saying, we have passive mgmt. They're not proactive. They don't even have a PR about the delay, they just insert it in a slide projection. We can't be sure if they're even having any talks with other companies about partnership or buyout. I know people here talk about that because that is what they hope, but really ADXS hasn't given us any clues that they are in any discussion or even what their plans are to raise more cash that they will need by Spring time next year, which isn't that far away.
I remember differently. I remember Justice there in the 20s for sure. I think he left around the peak. Unfortunately we can't verify since Yahoo board no longer around. But the point is, for those claiming manipulation, he is a suspicious character to me. IMO.
I agree with you Hornet. Using a slide show as PR? And why the delay? Do they give any reason? You mean just a few weeks ago they thought they on schedule and now not? Sounds like they have no idea what they doing. Why so long to submit papers? Yeah I know, they want to make sure they do it right. So it takes 6 months to submit papers correctly? What are all those employees doing? they already said they want to stream-line, so when will they start stream-lining by cutting employees? Someone needs to ask these questions. Perhaps Adage has already figured this out and that's why they cutting their shares. Maybe they know Lombardo will lead this company to bankruptsy, because that's where we seem to be headed.
Hornet, when you say they pumped it to $30 then shorted it down, I still think back to Justice. I know everyone liked him because he was saying what they wanted to hear. Everyone of course wants to hear good stuff about the company they invest in. He gained everyone's trust and then, right at the peak near $30, he disappears. Just seems so odd he left right at the peak. In the back of my mind I keep wondering if he was part of a pump and dump scheme. I fell for it too. Some of you guys talk about manipulation. If there is manipulation, then he may well have been part of it. IMO
Yeah it sucks big. Why are we always testing our 52 week lows? And I wonder if management even notices or cares. You would think they would since they know they won't easily be able to issue more shares to raise cash with the sp this low. They must know that, right? Let's hope they are planning a partnership so won't have to issue more shares because that would just kill us. But it would be nice if management would just give us a clue what they are planning to do. At least show shareholders you know they exist.
Yeah, it could happen. But you have to admit this whole discussion about a buyout is wishful thinking with absolutely no evidence to back it up. It's what everyone here hopes will happen. Guess you have right to that belief. In fact that might be the only thing that keeps some investors from going insane, believing that there will be a buyout. But I'll believe it when I see it. I'm still trying to remember who here posted that there would absolutely be a buyout before the end of September. lol Oh, and another thing, apparently Adage doesn't think there will be a buyout, otherwise why would they sell so many shares at $4?
Ha ha. That's a good one Bourbon. That might be the sweetest part of the whole buyout, to see the shorts get hammered with no outs. If that happens we longs should all agree to get together for a "Buyout party"!
Great find fbg. That is an encouraging find. And what's interesting is that Tobira was in a similar situation as ADXS is now. Low on cash and with a drug that has potential. With that said, have to keep in mind that this buyout with such a high premium was the exception and not the rule. If ADXS is working on a buyout, and I have my doubts, I can only hope that ADXS is able to navigate such a deal too. But I'm not so confident in their mgmt. But I'd just be happy if they work out a good partnership. They need to work out something, that's for sure.
Yeah funny huh? The stock has steadily dropped for the past 2 years and is near $4 and people are expecting a $30 buyout? Sadly, looks like we are testing our 52 week low, again. Just hope this time we don't break thru it like we have several other times. We need the low to hold so we can move back up.
Bourbon, you are dead-on. Seems you are one of the few people here who correctly understands the situation. Reason the sp Is so low is not because of bad product, but because mgmt of this company has been terrible and investors have been dumping their shares. Only thing you said that I think is off-base is selling the company for $15 plus. Who on earth would pay that kind of premium for a company like this? Over 3 times current market value is unrealistic. Can anyone here show me a company which sold for over 300% its current value? Anyone? There are a lot of you out there saying "I'll take $20" or "I'll take $30". Well he1i, who wouldn't? You can dream but it will never happen.
Interesting and heart-warming story. There is no price on life. If it's your kid you sell your house and everything you own to save him/her. I would. Hopefully immunotherapy will move quickly to save innocent kids and people. That's one reason I'm wanting ADXS to move quickly. I noticed the video named other companies but unfortunately ADXS was not among them. That's how far under the radar we are.
I don't think a buyout is coming at all, IMO. But I agree something needs to be done to make the company look more attractive, and that would lift the sp. I don't doubt at all the sp could rise quickly and could rise back to the teens or even higher, but it will never happen the way management is doing things now. A partnership could temporarily aleve the cash problem but I don't think it would raise BP's eyebrows and it would only temporarily raise the sp. Before long we'd be dropping again and continuing this long-term downward trend. There needs to be some news which surprises BP and makes them take another hard look at ADXS. Some news which makes BP want to fight for a piece of ADXS.
Hey, that's pretty funny. You should take your act on the road. Yeah, I keep it simple, hence my name. But you know, people often make things more complicated than they are. I tell it straight like I see it. Don't care who agrees or not. There is no buyout. Yeah, they can happen fast and unexpected, but all this talk of a buyout is ridiculous. It's possible, but no one here can predict such a thing. Personally I'd rather discuss how to make this company great. It may have a great product which will someday make it to market, but it is hindered by bad management, IMO. And that can't be overstated how important management is. Bad management can kill a company, even a company with a great product. I hope that doesn't happen here.
How long have you guys been talking about a buyout? Months. I forget who it is, but someone here swore there would be a buyout before October. Well, hasn't happened. And I swear I get a laugh every time someone says I'd take $20. Really? A 4-fold price increase? Can anyone show me even ONE example of where a company was bought out for 4 times its stock price? More realistic is maybe $7 max. And even that's pushing it for a company which is drowning. What ADXS really needs is either some great trial news or a partnership deal which brings in a lot of cash and still doesn't sell the farm.
Unfortunately ADXS has put themselves in a place where they have limited options to raise more cash. If the market cap were over $500 million or somewhere near $1 billion then they could afford to do issue more stock because the dilution would not be all that much for investors. (Not that I would want them to issue more stock, but they would have that option) But with the way they've handled this stock price fall and the market cap below $200 million, they can't issue more stock without really tanking the sp, maybe below $3, and that would really p.o. its loyal investors. So now they pretty much are stuck with one option, to go into a partnership with someone. And I don't feel this company and its management are in a strong bargaining position. They're kind of desperate and other companies know it. They need some impressive trial results to rocket this sp back up so they can have a better bargaining position, imo.
Is it possible, or legal, for a company to not announce trial results if the company drops the drug from it's product development? Is it possible her-2 got bad trial results and they decided better to drop it and not announce? And maybe that explains why no BP is interested? Just wondering out loud.
Good point. What was the point of getting rid of DOC? In these 3 months I haven't seen ADXS do anything better than DOC would have. What have they done? A month ago everyone on this board was talking about an imminent new deal/partner agreement going on behind the scenes. Also there were those here who swore a buyout was coming by end of September. Here we are an no buyout yet. I don't know that ADXS management is negotiating ANYTHING behind the scenes.
Does this mean that we should be investing in ADRO now? Here's a conspiracy/manipulation theory since I know some here like to talk about these crazy ideas. Maybe this is a plot by ADRO to take down ADXS and leave them as the only one left with this technology.
A fund, adage in this case, would sell for a few reasons. One is because they want/need to rebalance their portfolio. Another is because they expect the price to be even lower in the future. I hope that isn't the reason they sold. Do they know something we don't know, yet?
Unfortunately I think you may be right. I calculate that with the cash ADXS has, and the cash they can raise, they have about 18 months til they run out. Only hope is to find a buyer/partner. And even THEN ADXS doesn't have any bargaining power.
Iggy, I agree with you that the conspiracy about Dan conspiring is completely speculative and there is no evidence of that. And I agree with you when you said "When the market realized that the news was actually great, they started buying and it quickly reversed." But I couldn't disagree more about HFT sending "orders" to the computers to crash the stock. The only orders that could crash a stock would be sell orders. And there were plenty of those in the form of stop loss. Where is your evidence that these hidden HFT manipulators, rather than investors, had all the sell orders? Don't you see, this is a conspiracy theory, and there's no proof, only speculation. At least my theory is conventional and falls into the natural order of things. Hey, people panic and they sell. And it's not always orderly. So....I would say we're never going to change each other's minds, so not much need to discuss this more. Can just agree to disagree. Besides, looks like there are bigger things to worry about such as when the heil this stupid stock will quit tanking. I know you've said you're not going to worry about it till it goes below $2, but most people here, including myself, are really unhappy. This just isn't right and something's wrong here. (No, I'm not talking about manipulation). A company that supposedly has a great product should NOT be tanking like this. Someone need to get in Lombardo's face and demand action.
Yeah it was probably mostly computer trading to go up that fast. But ADXS got a lot of attention that day. There were lots of traders looking for a quick buck. When they, as well as some of us longs, so the stock so "cheap", $14, they bought and it went back up. The reason it went up so quickly is that it had already plowed thru all the sell orders and so at that point there were no roadblocks in front, thus the sudden rise. I mean, just a minute prior everyone who wanted to sell at $15 or $16 had sold, and 2 minutes prior to that all the ones who wanted to sell at $17 or $18 had sold. So when these buy orders came across there was no one willing to sell and thus the price rose quickly. The panic was quickly over and then the greed began. Investors saw an opportunity to buy cheaply and that's what they did. I clearly remember sitting at my computer with my hand on the "Buy" button, but I didn't hit it in time. I'm sure there were many others like me. I also suspect not many people were actually able to buy down around $14 or $15. Once the buy orders came rolling in the sp shot back up and the panic ended. IMHO
Sadly it looks like this fall isn't over. I was hoping yesterday was the bottom. This stock SUCKS.
As long as we're talking theories, and offering up pure speculation about illegal under the table dealings, let me offer up my theory which doesn't involve illegal activities. The reason for the ADXS flash crash was because everyone knew that day that ADXS was announcing trial results. This part isn't speculation. Everyone knew. And many were listening to the webcast. And some investors and many traders were savvy enough to have placed stop loss orders. Though many were optimistic, they knew it smart to protect themselves. So when the news first broke, the stock gyrated as stocks often do at first. Only problem was it gyrated too much (probably because there were so many uninformed day-traders trying to get a piece of the action and they had no idea if the 38% was good or not. Many of them just buy and sell based upon trends) and when the sp hit a certain level it hit those stop loss orders which sent it down. Then it hit more stop loss and went down further. Then an electronic panic of sorts occurred and it dropped to around $14 at which point many saw the buying opportunity and bought. That's the way I see it. Plus this theory doesn't require any illegal or questionable behavior and doesn't put Dan as an accomplice to illegal activity. And, btw, the FTC does investigate suspicious activity and I never heard anything about them investigating this event.
I remember the flash crash very well. What a crazy day. I also watched the Cramer video suggested by someone else. I can believe that hedge funds do this, but I don't see how they all connect and affect ADXS. So what happened? Good news was announced and the stock tanked 30% in a matter of a minute. Granted it didn't make much sense, but how did hedge funds manage to "manipulate" the sp down 30%? Did they issue bad news at that moment? And how did the clinical hold tie into this? You assume they knew about the bad news (clinical hold) coming down the pipeline, and maybe they did, but that doesn't explain their need to crash the stock. You suggest it wasn't retail who caused these gigantic stock flucuations but I'm not convinced. My take is that most of ADXS's investors, individuals like you and I, as well as big funds were all reacting. The first minute or two there was excitement then panic and that's what caused the fluctuations. I panicked too when I saw the sp go down to $14. Bottom line for me, I just don't think stock holders can crash a stock and basically put a good company out of business. Smart investors will see company value and won't sell their stock at excessively low prices. That's my belief until convinced otherwise.
Really? That's manipulation? If that's manipulation then EVERY stock in the world is being manipulated. News flash: That's the way stock trading works. It goes up, it goes down. Buy low, sell high. Is it also manipulation when it goes UP .26 and then only up by .14 before it goes up even higher than .26? Same thing only in reverse.
You call it "short manipulation". We are all of course speculating what this is. Could be shorts, could be longs selling. I still haven't seen any good explanation given of why this is a manipulation. What does that mean? Something illegal? Some kind of trick to get us to sell? ADXS not coming thru with any real progress and investors becoming disappointed and selling isn't manipulation. I did get a laugh when you said the manipulation is closer to an end, at least in this price range. That only implies that more selling/shorting in the future is to be expected thus lowering the sp even further. Scary thing is you may be right.
Your argument is so convenient. Just blame it on the "machine". What exactly is this machine doing that has lowered ADXS's sp 80% the past 2 years? And does this "machine" only affect ADXS or can other investors of other companies also complain about this machine. I think Id rather blame little fairies for this drop. Lord knows it's not ADXS's fault.
Does anyone feel ADXS let its investors down again? No discussion on finding any buyers or any deals. No discussion about the obvious need in the next 6 months or so to raise more cash. And no clue as to when we will get more trial results. It's obvious from this discussion board, as well as the tanking sp (manipulation again? lol Funny how the "manipulation" always seems to happen when ADXS lets us down) that many investors are not happy with them, yet they don't do anything to stem the tide.
Isn't someone going to say "Buying opportunity"? That's what we usually hear. Maybe people have finally figured out another better opportunity always seems to come along later to buy ADXS.
I laugh when I see people say ADXS SP is due to "massive manipulation". I believe in the free market and when stocks tank it's because of investor's fears/worries etc. No one's making people sell their shares.
Samk, I hope you're right that ADXS is only getting closer to commercialization of its first drug. And you certainly are correct that some long's confidence is being broke, mine included. But the problem is no one really knows for sure that ADXS will ever have a drug on the market, and if they ever do, how long in the future will it be. Every investor knows, or should know, that not every company is successful, and there's no guarantee ADXS will ever have a product on market. That's the nature of this business, there's always some doubt. I've still got my money invested in them because, well, I just don't like the idea of selling now and losing my a$$. So I'm just hoping they do something good soon and lift this stock back up. Maybe today the CEO will show us he's a leader. I don't know.
Suppose to be a company overview. Why get your hopes up they selling HER-2 only to be let down when this turns out to be a non-event and the stock tanks even further. This company is floundering.
People selling down here are crazy? Didn't I hear that before? Heard it at $8, at $7, at$5. How long we going to keep believing that. Fact is, people are selling. Let's not blame each other, let's blame the company. Investors are only going to keep stock they believe in, and right now not many people have faith in ADXS, not in the short term anyways.
Just expressing our opinions how we feel. Who can honestly say they are happy with this company? Anyone here making money, besides shorts? NO