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I see alot of same names (fellow bag holders) still posting here… anyone recovered their ADXS losses from elsewhere yet?
Hi fellow bag holders, I was able to offload some ADXS for year end tax loss harvesting, but the bag is so big and it continues to hurt
I can’t believe people still talking positive about ADXS after ADXS management stuffed a long shaft in its shareholders rear end without any lube....
Wow, there are people still talking positive stuff about ADXS? After we got screwed in all holes without any lube?
Hi fellow bag holders (myself included), anything new from ADXS in the last three months besides cash burn? I stopped tracking this and letting my “unrealized” loss drag out cuz we can only claim $3k loss per year thanks to IRS
So nothing has changed since I stopped tracking ADXS fee months ago....
“They will run out of money by mid-November this year if nothing is done by then. The cash runway could be shorter if the burn rate accelerates due to HOT and NEO. I'm puzzled why they could not partner HOT? Why the hell NEO is still un-partnered? “
“If I had dry powder, I would be buying big. “
I was saving up to buy more, but thanks to market falling, all of my savings just went to index fund.
We were wary of Adage about ADXS on this board....
What about the idea that big pharma (AMGN) was in it to suppress the little guy ADXS and knock it down?
Maybe AMGN was just playing ADXS this whole time?
"Amgen's decision comes after Advaxis announced earlier this year that it was increasing internal investment in the ADXS-NEO programme."
SOURCE:
https://www.firstwordpharma.com/node/1611622
Interesting read on 30 day wash sale rule... if you sell ADXS for tax loss and accidentally buy again in less than 30 days...
Negative: IRS Wash rule eliminates your tax loss deduction
Positive: that accidental (or intentional) repurchase "cost-basis" will be treated higher.
Summary:
Wash rule only defers your tax deduction, does not eliminate it altogether.
Source:
https://www.investopedia.com/terms/w/washsalerule.asp
"If the loss is disallowed by the IRS because of the wash-sale rule, the taxpayer has to add the loss to the cost of the new stock, which becomes the cost basis for the new stock. For example, consider the case of an investor who purchased 100 shares of Microsoft for $33, sold the shares at $30, and within 30 days bought 100 shares at $32. In this case, while the loss of $300 would be disallowed by the IRS because of the wash sale rule, it can be added to the $3,200 cost of the new purchase. The new cost basis, therefore, becomes $3,500 for the 100 shares that were purchased the second time, or $35 per share."
Thanks for the clarification hov, this reads much better.
Last Q&A of Ken Berlin is that they think AIM2CERV becomes a significant partner able asset after initial readout...
Does that mean no AIM2CERV Partnership until 2021? Because initial readout is end of 2020.
Zoltarak,
In all fairness, management does suck and needs to answer hopefully in court class action lawsuit.
They knew AMGN deal terms... so why the f*k did they burn money carelessly and not manage cash raises sooner....
Where the f*k is AMGN $500M deal money????
Yea, I am a believer in ADXS, but I will be "patiently" waiting for additional buying.... still heavily invested with a lot more unrealized loss....
Thanks mortmann, I wait 30 days, better safe than sorry.
My ADXS $60,000 just went down the drain (tax loss selling)....
I am now allowed to buy for next thirty days for tax loss.... anyone know if I can buy call options right away or must wait 30 days?
Agreed. And my point is that MANAGEMENT knew the AMGN deal terms... why did they BURN $200M so fast and then dilute at $1...
They knew AMGN deal, they knew burn rate, they should've diluted at $10s, or $7s or even $5s....
This is PURE Management negligence to let the cash run dry...
Where is AMGN $500 Million deal money... is that not a class action law suit in favor of long term shareholders....
I will jump right in that law suit
Can someone please explain ADXS comparison to most other smallcap biotechs?
I see AVXL, or even DOC's ONCS, and most other biotechs stuck around the same price range....
Whereas, ADXS is falling down like a rock? Do these other biotechs not have a cash concern?
"...J&J terminate its $1+ billion deal with ADRO's inferior LLM platform..."
Why isn't ADRO share price tanking down?
If someone at ADXS farts, ADXS price tanks....
Yea... that's what's been said year after year... I am prepared to take my existing shares down to $0 and not sell....
With the new money... I'm gonna start enjoying my lunches that ADXS deprived me of the past 3 years....
CVI maybe dirty... but could it be possible CVI got in to pump it up first before the dump?
I mean not much down to go for ADXS...
"By the way,warrants get reversed also in a reverse split,and so does everything the BOD owns in shares."
Good point, I'm glad to know BOD would be in the hurt albeit a little, but still in the hurt.
What's your view of Appel, the new 6% ADXS holder... the top holder now holding more than Adage?
Thanks. Why does 13G filing state "Common Stock, $0.001 par value per share"
Did they pick up shares for free?
IMO, ADXS got unfairly clobbered by big pharma... (MRK)
MRK ran a phase 2 trail that was setup with over 80% PD-L1 positive patients (to guarantee success), and got an early approval on HPV....
But still, ADXS AIM2CERV is to prevent HPV recurrence, so the reality is MRK and ADXS are NOT in competition.... MRK can be used to treat HPV and ADXS can be used to prevent recurrence....
ADXS AIM2CERV is a unique trial... THERE IS NO COMPETITION
"They were saying essentially the way to make money on risky biotechs was to buy and hold fo a long time"
How long is a long time? There are people holding onto ADXS for over a decade... and I think one poor soul died (of age) holding onto ADXS...
ADXS director APPEL RONI bought 33k shares.... he's a silent one, haven't heard much about him....
Can anyone help post a link for ADXS Conference Call transcript?
I searched yesterday and today... no conference call transcript found...
"There literally seems to be no bottom"
Yes, and unfortunately for me, I found out about ADXS and been invested since it was $20s...
Rising it down, averaging it down...
At this point, might as well ride it to $0... too late for me to pull out...
Thanks, 6 months to a year is a long time...
ADXS close below $1 for three days now... 27 days left with NASDAQ 39 day limit?
I would feel better if Adage is out altogether.... the slow drain out is painful and restricts upside if ADXS has any to begin with...
RIP Terry,
I never understood his posts as he was too smart for me, and I enjoyed my discussions with him as he was full of historical information....
It's incredible that so many people on this message board (and internet in general) connect with each other without ever knowing our true identities, but new connections and bonds are formed nonetheless.
Terry will be missed.
IMO, AXAL approval could atleast boost value of the entire LM pipeline as proof that science works....
For that reason alone, AIM2CERV should continue....
Also, what about ADXS international partners (Stendhal) that committed resources for phase 3 trail and committed $10 million upfront cash to ADXS
It's funny how ADXS volume is over 3 million but most of the trades are 100 at a time...
Algos in action?
WTF is up with AMGN $500 Million deal? Where the fvuk is that money?
IMO, if KB got a deal for 'dead' bone cancer.... how hard can it be to get a deal on AXAL? A phase 3 trail with Fast Track, SPA, and best historical GOG results?
Technical Info: ADXS broke past its 50 Day moving Average of $1.45 which is a medium term bullish sign....
If ADXS can break $2.08, the 200 Day moving average... I personally think ADXS is going double digits next...
From my following of ADXS over several years, it just keeps falling hard after touching 50-day and 200-Day moving averages....
Breaking $2.08 will switch Algos to the upside
If anyone holds 20k or more ADXS, you are in the top 50 holders of ADXS compared to TUTES...
Top 50th tute holder has about 19,000 ADXS shares...
I personally see that as a positive because tute holding can only go up now... with ADAGE dumping being the only exception... still dumped 500k shares recently and now holding 3 million