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The harsh reality is that he’s lost his shirt so far.
It will finish red, regardless. ADXS is a complete debacle.
You’ve been wrong every other time with your predictions. Today will be no different. If lucky, ADXS finishes green.
How about all three, abu? He couldn’t chew gum and walk at them same time if his life depended on it. He is totally inept as the CEO. He wants us to believe in ADXS and continue to buy shares in this SCAM so he can continue making his atrociously high and ridiculous salary. The longer he can keep ADXS afloat, the longer he has a job making well over $600K/year including salary and bonuses. The SHAM needs to end. KB needs to sell the company to someone at Fire Sale prices, do the Reverse Merger or just file for Bankruptcy. He is THE UNDERTAKER. He needs to figure it out.
And Upper Management is stuck in the Dark Ages. Unfortunately for this POS, bad management trumps good science. You, of all people, should know that by now.
I love how they’ve attempt to drag this SCAM out as long as they can with their Scientific Conferences they plan on attending, Poster Presentations being announced, worthless updates, etc. As long as the doors are open and they can DILUTE, the “MOTHER OF ALL SCAMS WILL CONTINUE”.
She just showed up backstage and is warming up her pipes prior to her GRAND ENTRY. This AWFUL opera is about to end.
I’m with you 100%, ub. Heads need to roll in Princeton, NJ.
fbg: There will never be another SCAM as big as ENRON was. The entire time the Upper Management was perpetuating their SHAM, they were recommending that their employees buy as much of their stock as they could buy. At it’s peak, I think the SP was north of $100/share. The employees that invested 100% of their retirement account $$$ in ENRON lost EVERYTHING. I know because several hundred of them worked in my area. They were completely wiped out and utterly devastated. That hasn’t been the MO at ADXS.
Petit may have not been THE problem but he was still a part of it, at the very least. Everybody associated with Upper Management and the BOD is responsible for this disaster. They are all enablers for everyone else reaping the financial benefits with their ridiculously high salaries and compensation. Screw ‘em all.
I have no idea where you and others are coming up with these numbers. I just looked at the latest 13F filing from NASDAQ. Yes, Institutional Ownership was at 14.31%. However, there was a NET LOSS overall. There were 22 Institutions that increased their positions by 510K shares. There were 21 Institutions that DECREASED their positions by 1.9 million shares. There were 17 Institutions that held their positions totaling 4.6 million shares, meaning they didn’t add or reduce. That is still a NET REDUCTION of almost 1.4 million shares. New positions totaled 9. Sold out positions totaled 7. If anything, Institutional Ownership is tapering off. The good thing is, compared to a year ago, the SP is recovering somewhat. On May 14, 2018 the SP was at $2.19 so that’s a 40% increase to the $3.07 closing today. Having said that, TWO years ago the SP was at $6. Do the math. That’s a 50% haircut if you have held from there. That is definitely NOT IMPRESSIVE.
Ain’t that the truth.
My thoughts are that you are 4 out of 4 with your assumption/points, abu. Petit is nothing but “dead weight” along with everyone else that is making the Big Bucks at ADXS at our expense. He’s as worthless and greedy as DOC, Lombardo, KB and the entire BOD have been. It’s a complete and utter SHAM. If this had happened in China, they would all have been executed for unethical financial wrongdoings.
ADXS turned out to be the biggest CON GAME in the history of CON GAMES. Those responsible will feel the pain eventually, whether in this life or in the next. The financial carnage and destruction they are responsible for will come back to haunt them, mark my words. They are no different than Bernie Madhoff, these rip off artists just happen to operate on a smaller scale. Making tons of ill gotten $$$ at the expense of others is what they all have in common. Burn in Hell.
Bourbon, why didn’t they contact me to be THE ADXS UNDERTAKER? I could have buried ADXS six foot under for a lot less $$$ than what they paid this sorry excuse for a CEO. This will be two BANKRUPTCIES in a row with him bringing home AT LEAST $700K/year including all of the perks. And what about that $150K BONUS he got for his first massive dilution at $1/share that put a whopping $20 million into the coffers??? How utterly pathetic was that? I could have done all of it for a mere $5K.
Who cares?
EDIT: Sub $3 by 3:00 PM CST TODAY!!! LMAO at this utter debacle. KB sure is earning that $500K salary. He’s the highest paid UNDERTAKER on Planet Earth.
Sub $3 by Wednesday. RIP ADXS.
The “Broken Record” is getting really old. Geez.
Meh. Not funny.
It would be very easy to blame the plummet from $3.70 intraday on 5/6 to $3.30 today on the ongoing trade war with Canada and China but let’s not go that route. This is a Biotech Company not a Car Manufacturing Company. Bottom line: It wouldn’t have made any difference. This POS DOG was going to crash and burn regardless. Next week, I wouldn’t be shocked if we dipped to sub $3. ADXS: WORST INVESTMENT EVER + WORST UPPER MANAGEMENT EVER = unmitigated disaster.
WHOOP! WHOOP! WHOOP!
So he’s batting 1/3 = .333. With that kind of batting average in Major League Baseball, Basparks would be making $25 million/year minimum. I do believe if all of the stars align correctly, AVXL “could” be at or above $30/share by the end of the year easily. There is no way it’s guaranteed, though. There are no NOSTRADAMUS’s on the IHUB AVXL MB. Not even close.
Good post, mulally. That was very positive and encouraging. I guess we just wait it out and hope for the best. No more BASHING from me. In fact, I’m not going to post here again until there is something significant and positive announced that moves the SP North. ADIOS, AMIGOS. Peace be with you.
raja: I’m almost hoping the SP plummets to zero so all of these overpaid Upper Management MOOCHES get absolutely NOTHING in return for all of the free shares they sucked out of the downtrodden investors over the years. Let them go down with the ship along with the rest of us lowly peons. I’ve already written this DOG off anyway. It’s a TOTAL loss as far as I’m concerned unless KB miraculously pulls something out of his arse at the 11th hour. WORST BIOTECH SCAM INVESTMENT EVER.
That $50/share you were predicting was before the 1:15 RS, Keith. Now you would have to get to $750/share to match that. That probably ain’t happening. Sorry, bud. ADXS is a complete and utter debacle.
Let’s SLICE it and DICE it, mulally. Congrats, DAMAJ. You stopped the profuse hemorrhaging for one day. BOOYAH!!!!
INNV is a pure fricken trash POS company. It’s only chance for survival is FLUTICARE sales worldwide going through the roof. These other SNAKE OIL products, like today’s new hair loss remedy, are completely WORTHLESS. Damaj is clueless as usual.
DUH, there’s only about 20 other Rogaine Rip-offs out there already. Dumb idea, Damaj. No surprise there at all coming from you.
It’s more like a Hail Mary 60 yard pass into the End Zone as time expires.
I’ve already written this disaster completely off, ShawnP. WORST POS INVESTMENT EVER. Damaj is a bonafide CON ARTIST. You are 100% right .... sub .01 pre RS we will go. Nice going you IDIOTS that voted for the RS. You cut your own throats.
He must have felt guilty and cancelled it at the last moment. Good for him. He might even have a conscience.
I hope that won’t interfere with KB’s next vacation with his wonderful family. I’m sure he already has a two week Fall Cruise lined up or maybe an African Safari.
The VOLUME this morning is MIND BOGGLING. Two shares traded two hours into the trading day. RIP INNV .... the ALPHA Dog of all Biopharma Dogs.
Haha. How “real” are they, gf? This was supposed to be at $6 two weeks ago according to his prediction. ANOTHER SWING AND A MISS.
“Participation” in upcoming Industry Conferences does not necessarily translate into clinical trial success leading to partnerships/buyouts or an increase in the Stock Price. What have we seen with this BIOTECH DOG in the last three years? Answer: Nothing but utter disappointment.
He’s like a pre-programmed robot. It’s the same old “song & dance” every damn CC. He must think the Shareholders are as dumb as a box of rocks to fall for his lies anymore. This has officially become an utter debacle. Now at .029 pre RS. LMFAO.
Haha. Good analogy. Is that similar to Decompression Sickness when you go too far underwater and your lungs get crushed? We’re all gonna die, if so.
Green is good but most of us are so far under water in this POS that this is an insignificant measly .45 ascent. It needs to go to $75-$100 from here for most of us to get back to Break Even.
The RS Approval pretty much guaranteed THEY will milk INNV for as much as THEY can for as long as THEY can. The IDIOTS that voted for it are brain dead. They were warned that this would be the likely outcome.