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It's the right move on there part! They should have done this from the beginning but we didn't have seasoned management that knew the pitfalls and cash burn when your doing multiple trials and your paying for most of them! Finally someone woke up and said we need to prove out our platform so we can get a BP interested in a buy out! We're still not in the game yet. We need (1) product that looks to have a chance at some kind of approval before any BP will jump on our band wagon. I don't blame BP I blame management for not realizing early on that we needed to focus on keeping our cash burn to a minimum and prove out our lead construct AXAL to prove our Lm Platform! Just now they understand how important this is and how dumb they managed to spend $250,000,000 in the last 3-4 years! Minimize your cash burn and focus on what has gotten you where your at today! Cash is a position for any company , especially if a BP saw that management was doing what they are going to do now. We would still have tons of cash and our EMA application would be done and we would know in the next 12 months if conditional approval was in our future! Amgen and NEO would still be where it's at unless we needed this OFFERINGS at $22,000,000 to start NEO Trial. We wouldn't have needed to dilute at the lowest share price ever! At this time BP isn't interested in making a legit offer and I don't blame them. These guys have ZERO clue on how to preserve cash while trying to prove out your "WHOLE" Lm Platform. Once we have conditional approval of AXAL we will be off to the races! NEO will be our biggest hit but at some point you have to prove out the lead construct before hitting the grand slam!
FBG, if Denner is the big name I will buy all I can! He has a proven track record of getting it bought out! At fair valuations.
Lol. Ok if you say so!
ADRO was coming out as a IPO. Helped elevate us to $30 . This go around won't be anything like the 1st time. Advaxis will have to earn-any run up on its own merits. I don't foresee a huge runup until real cash issues are taken care of! Those share that were just offered were for certain entities to cover there shorts. We didn't dilute enough to take care of cash issues for real. That offfering was for totally other reasons! We still need cash that's what's fishy about this offering at all time lows? Never should have happened yet most folks here are eagerly ready to allow them to do more dilution with more authorized shares. Trust me they will activate those shares without hesitation at any price they want . Trusting this management is like amnesia most here forget how terrible they really are when it comes to managing money! Sorry I've lost trust in them as they have shown how irresponsible they are with cash and hiring more and more people giving them free shares that they have authorized!
Lol. no!
This is a great sign.
Authorized shares isn't the point for me . The problem I have is why dilute at this very moment then discount the shares 35% to the lowest price Advaxis has ever been? Donjay I've been here a long time,a lot of things happened when we did our R/S but the fact that they diluted us to levels that to me that are not acceptable has me wondering why ? $ 21,000,000 doesn't really give us that much more time. This was done so shorts could cover plain and simple. This offering doesn't help our cash problems one bit the way they burn cash every month. This was a back door deal to allow certain entities that needed to cover and they did! Just leaves a bad taste in my mouth. What nobody is talking about is this Offering doesn't change our CASH problems! Our cash problems still exsist. I feel we're still in a bad position as far as funding our company which means more dilution down the road .
Sorry James this offering isn't enough to end cash concerns! This was done for one reason only! 2 extra quarters of cash doesn't make us any where where we need to be! No doubt we will be doing more offerings in the future! Unless the powers to be run us up enough to make our next offering way higher than our lowest share price ever. More dilution is coming but it hopefully will be at a much higher price but with this management and BOD's one is never for sure. They did not need to dilute this week it was pathetic period. Only hood thing now is hopefully the shorts all got to cover with out any kind of squeeze! Unbelievable Advaxis' you all got your asses handed to you! Terrible management that's all. They didn't have the upper hand the hedge funds shorting us put them in there place! Idiots! I'm sure now if the shorts have covered any BS news will run this north because the brakes are off and the crooks win again. Criminal to say the least. I sure hope that back alley deal doesn't come back to haunt Advaxis! Lots of folks have lost tons of cash when the hedges dropped this stock like a hot rock. When will the SEC ever make shorts known ... when? They have the money to control small baby bio's at will. Reminds me of the cowboy who makes the whimpy kid dance when he shoots bullets at his feet. The have manipulated ADXS for years and we finally threw in the towel
Lol. The stock market has tanked dude! Do you really believe what you post? If the stock market tanks it tanks if we get a approved product in the next year it would be huge! So your now saying you knew they were going to dilute at $2 ? From your recent post? Everyone knew that we were going to dilute I've been saying that forever! So you don't think them diluting down at the lowest level ADXS has ever traded since it's inception to the stock market is not some kind of diabolical conspiracy? Hum? It's all about financial liquidity huh? Lol! Please don't try and make us look dumber than Advaxis 's management already has. 2-3 months of financial liquidity isn't why they did this offering at $2 a share . Lol. Please don't sell shareholders here that line of BS. It's embarrassing to even think that we would buy that line of thinking! Afraid they would get worse terms down the road? A 30% discount from the day before is terrible terms. Lowest price ever for ADXS! Worse terms ????? We're a phase 3 company with very much going on! We've been hijacked plain and simple!
One day I would really like to be a "Knight" that would really make my day! I'm tired of being a PAWN!
I'm not saying that they set out to screw the common shareholders but in the end it's us the common turds that get the screws put to us! They didn't do it on purpose but in reality they do know that it's the retail guys that take the biggest hits! This is all too familiar to me with these guys. In the end it's just the way of biotech investing . Unless you actually do your DD on what funds have the biggest chunks of shares and what there track records are then you have no one to blame but yourself! I'm a big boy I understood the risks of investing in ADXS yet I ignored the "SIGNS" Adage "SOLD" over 1,000,000 shares at $4.30 in Sept or so. I should have sold some of my shares if not all knowing that Adage was pissed off after Dan was let go. They took us down with some other help too. You really need to be aware of what the big boys are doing especially the largest shareholders! I had my head in my buttocks thinking they were just really mad ... I failed to realize it was more than that they were steaming mad and the BOD stepped on there feet and ADAGE didn't like it one bit. Big money controls companies like ADXS because they need the cash to further trials and research so when Advaxis did something that wasn't Kosher with what big money wanted things got sideways and we went from $10- $1.80 pretty quickly! Until Advaxis gets some kind of approval from someone and they start producing revenue from the approved product we're at the mercy of big money to keep the doors open. Retail investors don't keep the lights on big money does. Plain and simple were the pawns in this game and Adage is King . The King always comes out ok , the pawns and or peasants are left scrambling for the crumbs off the Kings table as they feast! That's exactly what's happening right now we're scrambling and the King is laughing and feasting!
Gantor, I wouldn't trust Adage at all they don't care one bit about you or I. Greed is all they care about. Upcoming trial news will help move us up but don't look for us to run anytime soon. Buying opportunities are still going to be there in the next few months. ADXS has now shown common shareholders that their voice really doesn't matter and they will do whatever I takes to continue business as usual and will make themselves whole by granting more shares to the people that work there. Pretty shady management to say the least. Sad that now they're changing direction and realize how badly they mismanaged Advaxis. We need a new CEO and a smart Biotech business minded one too! Someone that has taken a drug to fruition with the FDA approval. Someone that's been there done that and has made the mistakes already so we don't continually screw up our chances. A CEO that is in touch with the process and knows the pitfalls along the way. I'm I asking too much? A seasoned veteran that's looking for a project to end his or her career with! Then enjoy retirement with a extra cash to boot.
They had a choice it was just a poor one! Absolutely no reason to dilute at this time unless this Beech is going lower and they know it! That would be the only reason besides helping 8,000,000 shorts cover to get votes for proxy! This isn't their 1st Rodeo my friends they are very calculating SOB's
It's never a good time to dilute at a position of weakness unless your pretty sure your shit out of luck on any deal coming and you know it! No reason to dilute with $52,000,000. In the bank also! If you thought a deal was coming why in the world "DILUTE" down here! I'm telling you they don't have a deal or one coming anytime soon or they would have waited to dilute at a higher price. Business 101 folks. Iggy your giving them way too much credit for killing us the common shareholders. Trust me if they announce a partnership in the next few months lawsuits will be rampant. Nobody is interested in our platform yet.... too many unanswered questions still. I believe in the LM platform but our management is struggling to convince BP it's the real deal. We're a year at the least to see if EMA approves our AXAL drug. I think they are doing the right thing at this time as far as concentrating on AXAL our lead construct to prove out our LM Platform so BP would be interested in our platform. Problem we have is they should have made this decision 3 years ago and our share price wouldn't be where we're at. Focus now is getting AXAL to approval even though we have many other irons in the fire. They have the best shot with conditional approval then as that plays out we should have more trial news coming in on our Aim to serve trial to show more CR's! Just terrible mismanagement of our cash and trials to this point. Believe it or not this is the best decision for shareholders to date. Not the Offering the FOCUS on AXAL from here on to push some kind of approval and legitimize our platform. This year will be the defining year if ADXS has the real deal then BP's might take a chance at buyingus out! We're still quite a ways away from any serious offers from anyone. Just the truth but I actually like the new direction which should have been thatfrom the get go!
Where's the bottom now? Lol!
A Deal? No freakin way! They would get super duper lawsuits brought against them! This is a Hail Mary because you werent going to get the votes so you sold you souls the the Short Devil to get the votes you needed! Sorry bunch at Advaxis!
Let's be quite honest about how this all went down... no pun intended . Why in the world do we need $20,000,000 right now today? Why 10 million shares? 8,000,000 short shares out and now should have been covering all day! Over 8,000,000 volume today and I'm pretty sure we went down. This is going lower people this isn't the bottom there going to screw with retail for a while longer just to piss you off. The powers to be are in full control of Advaxis and I'm not talking about management or the BOD. Big money is now showing Advaxis who is in charge and they want them to understand that from here on out! Until bigger money comes in Advaxis will always be in control of the hedge funds that have control over them . It's just the way it is. Until ADXS produces a drug that gets FDA or EMA approval we're pretty much at their MERCY. Collusion between Top Funds can manipulate and steer this any which way the want. Be very careful of you do from here on because Advaxis doesn't control their destiny yet. $20,000,000 is a joke , their is no reason for em to "Dilute " a this time period unless something is amiss or they actually did a back door deal with the short entities! Shares for votes back door deal. Terrible management from top to bottom. They will be fine they're still going to get salaries and bonuses to make them whole all the while slicin and dicing your shares into oblivion. Some people thought the bottom was in at $3.18 boy was that wrong! I knew here scumbags were going to dilute just like last time . I'm just hoping they won't do another RS. Theses guys don't care one bit about your investment all they care about is how can we continue to get a paycheck before we get bought out because of how bad they. have managed the company! I can't believe most here didn't see the writing on the wall ...sometimes you just have to step back and see what you really invested in? Now some of our cheerleaders will begin to open up their eyes and realize these guys aren't business men they are scientists and they will bleed you dry at every turn to continue their research at yours and mine exspense. I tried telling a certain individual that's what they were doing and he said no way? They sit under microscopes and research what is happening once our drugs get into the mix. They pretty much just want to "CURE" cancer at any ones exspense. Sorry guys but our only hope for a rebound is the hedge funds that just covered will now go back long since it's been beatened up so bad. Or may just be done it's us! Only time will tell ........
ADXS ?...Hey Blue you still got me on Ignore? Told you things weren't what you thought they were! These guys are slimy they have learned from the best. Past CEO 's have taught the board these tricks to make back door deaals. My only hope is the shorts cover and we go north?
Doesn't matter now they bought enough votes! Our vote doesn't matter
Question is we have $51,000,000 on hand right now? WHY do the offering at this particular time? To allow shorts that have a big investment in ADXS cover that's why! It's the only explanation that I can seriously come up with! Nothing else makes any sense. I'm embarrassed by there actions here!
Very unethical! They just told us to shut up and sit down! They are in control and shareholders can suck it!
I told everyone three are going to allow shorts to cover! 10,000,000 shares? $20,000,000 isn't enough to do much with unless you're bailing out 8,000,000 shorts!
Hovacre, They sold us down the River!
$1.59 will be my buy in!
Don't do it too fast my friend this is going lower today! $2 when we closed at $2.59 what a discount! Shorts are laughing all the way to the bank!
Questions for anyone with more knowledge than I. Which should be about all here!
1. When offering does happen is there a way to find out if shares end up in the hands of shorts?
2. If so is this legal?
3. This seems to be a very gray area but I could see the SEC saying that any entity wanting to buy in on the offering can legally do so.
4. If such happens then we know for sure the BOD and management are not only incompetent but very shady business leaders knowing that by doing so cuts the retail guy into pieces.
Are such deals common? Allowing shorts to profit off of retail buyers that are trusting management to do their fiduciary duties to the common shareholders. Seems like we have political BOD's that negotiate deals to favor what they want rather than doing what's best for the shareholders. Don't be surprised tomorrow if we see tons of Lawyers wanting a huge lawsuit against Advaxis for breach of fudicary duty for the common share holders! Class action lawsuits are coming .
I'm talking about authorized shares! They probably knew they weren't going to get those extra shares to be able to dilute so now they know they will without any retail investory
No doubt in my mind we will turn around after this offering just makes me sick this is the deal. Management has done so many missteps along with the BOD it's absolutely redonkulous. I'm speculating but in reality there taking a page out of their old playbook when they need more votes. Do a offering as cheap as possible to allow shorts to cover and in exchange for votes in favor of the BOD...! This is the same management that saw Dan O. Do it years ago.
Votes - For shares. Offering for shorts= Votes for BOD plain and simple! This is what happen last time they needed votes. The discounted them cheap
The we're asking for everyone to vote and calling individuals to see how they voted and saw that retail was not with them so now they did a deal behind our backs and threw us the retailer shareholder, under the bus again! They're going to get what they want at anyone's exspense. Trust me there would be no other reason to screw us unless they didn't see that the votes were there to get the extra shares down the road! Again this management couldn't care less about you and I .
Honestly two things are happening! 1. We have no chance at approval and most of our trials are going south which we should hear about very soon. 2. Powers to be want to cover and have made deals with BOD to get cheap shares at this offering! Why were they diluting this last few months? We have $51,000,000 on hand and there hiring like crazy? Why are they still hiring? We need clarification on what the heck is going on? I keep thinking "why now" ?? No reason to dilute in a position of weakness unless we're going to announce seriously bad news from our trials! Or they have made deals to bankers to allow shorts to cover because the shorts will vote in favor of BOD if they do a offering that allows them to cover their shares! Sic
BOD is making under hand deals at this time! Thank "GOD" I didn't buy any shares back yet! I will buy $20,000 worth at under $2 very soon!
Yes the strategy is allow the shares to go to the shorts so they will cover cheap and clean the clocks of the retail holders! Funny thing is I thought they could be capable of doing such an atrocity to the retail investors so the hedge funds could cover and make hunreds of millions of dollars at our exspense. BOD has to go! Question is why in the world did they do this at this time? They probably knew most voters were not on board with them! Retail and some Institutional Investors. So doing this now means these certain Institutions will be able to cover in exchange for votes in favor of the BOD! That's the only reason they would do such an offering at this time! Slimy deals are being done in the back rooms to make the wheel turn for management ! I sure hope they didn't make a deal for votes but that's what happened the last time we Diluted . Management got what they wanted and Tutes and Hedge Funds got what they wanted. No common sense reason other than that for doing a offering at our weakest share price. We need this investigated for sure!
I'm totally blown away that they have even put this out at this time? It's almost like some entity said do a offering and we will move the stock up once we cover cheap! Other wise this makes ZERO sense. Again this is all at retail shareholders exspense. Worst management and BOD ever! We need a activist investor badly to keep these crooks in check. There is no reason to "Dilute" at this time. Why not wait? Who has their ear? They are talking to someone? Someone has convinced them this is a great idea? This is criminal at the very least!
Wow! Knew it was coming just didn't think they would do it down here? Someone wants cheap cheap shares! Unbelievable that our BOD would do a offering at this time? Something is definitely amiss here! We should be able to buy shares under $2 very soon ! Bet you shorts cover now! This is such a BOD screw up! Voting no on everything now! They are about to dilute all long term shareholders right out of there investment! We are now below .02 cents pre split ! ???? This has been the worst investment of my life I should have sold it all at $4 when Adage sold out there position of over 1,000,000 shares! Let's just see who's buying back those shares super cheap! Way to go Advaxis management and BOD you have officially helped all shorts cover and kill all retail shareholders. Once again you don't care one bit about the RETAIL investors, your all about helping the hedge funds? Is this even legal. Here come the Ambulance chasers and I'm betting they will get quite a few folks who have been here 9-10 years to file a suit against Advaxis and any collusion with any hedge fund that profits from this crazy mess they've caused! Something very fishy going on here! There is ZERO reason to dilute at this time. Cut all trials but AXAL and use all available funds for EMA approval. Stop hiring people and FOCUS on getting a revenue producing asset in your portfolio before Diluting your stock holders into oblivion! F___!
Atilla, my fear is they won't resign and will get the needed votes to continue business as usual! Dew D . Made a statement that it's not a big deal if we get EMA conditional approval on AXAL ? I know he has to be out of his mind to say something so bizarre? A approval would produce "Revenue " something we have never done before? Not to mention "Validate our platform! Starting NEO trial won't give us a pop on our share price the BOD needs to address cash burn and quit hiring new employees until we know for sure we have enough cash to sustain our debt burden until we have a conditional approval. NEO will be huge for us if and when they start dosing patients but getting a approved vaccine to the market place would be priceless for Advaxis! Dew said not going to be that great of a money maker? Lol. Any money is better than $0 . Dew is way wrong on saying such BS. Lol....
Lol, Do you seriously believe what you post? Any revenue and approval of any vaccine would validate our platform! For the sake of discussion your just way off base with what your saying. I'm pretty sure if your wife had cervical cancer and 1st line treatments had failed her I'm pretty sure you would try our vaccine that has blown away the SOC in our trials. Single arm data ? Why would we give a placebo to women whom are in great need of a lifeline? NEO trial starting won't do crap either. We don't move until cash issues are taken care of plain and simple! You think the bigger deal is NEO trial starting than a conditional approval of AXAL? ??? Yes our deal with Amgen is huge for our future but if we get conditional approval on AXAL it will be a game changing mentality for every shareholder and future share holders! Validation would be a much bigger deal than your making it out to be . You make it sound like MEH so what we have a approved drug it's only conditional! Sales would be huge considering we don't have any right now! lol sometimes I think your just way out there.
Here we are cash strapped yet we continue to hire more and more employees? Tony what part of the plan to actually conserve cash before we get approval on our lead construct is going into effect? I'm just not getting our whole hiring practices giving new employees free shares for coming on board and then paying them top money for salaries yet your telling us your being very frugal with our cash??? Tony, you want us to vote for "YES" for all the proxy statements yet you are still burning cash like there is plenty coming? Blue, I'm not bashing ADXS or it's science I'm bashing the BOD and upper management for allowing Advaxis to be in such a bad spot when we had over $200,000,000 in the last 3years and they allowed us to be in this position we're in at this time! How can any long term investor be OK with such irresponsibility? Now we're all caught in a cash crunch that has definitely caused us to be in a weaker position if we wanted someone to buy us out! Ignoring my post won't change the share price. They mis managed our funds and certain hedge funds and Tutes figured it out before us retail ever did. The biggest question is "Adage" did they make enough money shorting ADXS once they saw how management went crazy with the funds they were in charge of? We didn't have qualified CEO's that had been there done that with a new drug. Dan wasn't qualified even though he claimed to be. CEO's that have proven track records are few and far between. What we have now is a hope and a prayer . Sorry but "DILUTION" is emmenent! Where we dilute is the biggest factor in our process going forward . I'm still all in just know that the BOD screwed us all ! Voting for the BOD is like hoping we go BK . I hate it but the shares for authorization really do need to be voted "YES" everything else "NO" ! We don't want to cut off our face to spite our nose . It's a crying shame the mess they've gotten us in.
This company is a joke! They stole ADXS's crumbs and now are reeling from the disaster!
Let's just be real honest here! This stock doesn't go north until Advaxis takes care of cash problems! If management can pull off a deal without diluting then you will see a jump in share price. Right now no one is buying into Advaxis because they figure dilution is eminent! Management has done nothing to convince new shareholders that dilution isn't going to happen really quite the opposite... Even die hard longs feel like we're going to be diluted and most think at these share prices! Management is not too smart, when they want a 50% increase in authorized shares on the proxy it makes investors very wary of investing here. The way they worded it on the proxy makes it sound like they are going to ISSUE some of those shares to continue business as usual.Why would our stock go up with managements missteps one after another? Too many are waiting for that shoe to drop to get shares in the $2.00 area! It's disgusting truly! Management is the reason we're where we're at. Our science is great but management burnt through too much cash in the last few years like they had endless amounts coming in? Dan was probably fired because after the BOD woke up to this fact it was too late. Now we're trying to sell off some vaccines in the hope of it bringing in enough cash to survive! Without diluting but in reality dilution is nipping at our coat tails. BP doesn't want to buyout a company that doesn't have any cash reserves! Can Tony Lombardo pull a rabbit out of his hat? Time has shown that probably won't happen. So here we sit for another six months at under $3 until dilution happens or we get cash some other way! This is a chess game and our management only plays checkers. They have been out played for years now and the shorts know that dilution is coming so unless TL can magically pull that proverbial rabbit out of the hat we don't move north on any news until cash issues are taken care of! I really believe we don't move up on any news until cash issues are put to bed. That's what's got us here to begin with. We should have only focused on AXAL from the very beginning instead of expanding our pipeline and causing us to be cash strapped at this time. Most companies that get bought out are mostly trying to get one drug approved not multiple drugs because of the amount of cash needed to do trials! Really no conspiracy for where we're at with our share price just common sense when you look at cash problems in the future. Is ADXS worth $20-$30 yes but not at this time, we're fairly priced in this market until financial picture changes then watch out because once we get financial backing we head straight north after the uncertainty of a going concern is taken care of. Management and the BOD screwed the porch on this! BOD has to be the worst business men in the world allowing ADXS to be so vulnerable! Now they want you to vote them back in as usual and keep them on the board? What a bunch of freakin morons. Again folks screw me once shame on you screw me twice ... shame on me! Vote NO on all board members they don't get another chance to screw us!
Gotcha!