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Who would ever thought they were short with a smear campaign like that. They did the same thing last year, just keep recycling same stories year after year on a number of companies. Shorting each time. What a life to lead.
Boy - you ate that article up big time.
$200k Canadian in the 1st qtr
The only concern is paying $12M. Not that it doesn’t make sense, but that amount for $600k in sales. You don’t pay on what it will be worth in the future. You pay what it is worth right now. It is only generating a small amount of sales. The cannabis companies throw shares around like nothing. The market wants sales of cannabis not more and more dilution.
The fact is Berlin can’t be any worse than all the previous CEOs who were worthless. Tony didn’t have a clue so back to the nursing home for him. The real POS throughout this is the BOD and Sidransky in particular. It would be nice to get some new blood on the board. Hopefully, KB can get ADXS going in the right direction. If he has any balls, he will start going after head count and get rid of dead weight. That would account for about half the company.
Sounds like he is Att For Life ulter ego. Both want to buy at $.80. The sky is falling. The sky is falling. Really
Not sure who is weaker - management (Tony is over his head and needs to move on), the BOD or me for buying more ADXS. Hopefully, we are not in a race to the bottom. Timeline keeps getting pushed out farther and farther.
That is true - there was zero prior leakage on the news. Little surprising.
Just the beginning for NXTTF - need a little patience with a few growing pains but everything back in line. Glad I didn’t sell and buy another run of the mill cannabis stock. Make no mistake - This a technology company in the cannabis space. The couple board members are brilliant adds. When the money flows back in - it will be primed for the next level.
Lombardo is clearly over his head. He doesn’t know how to deal with the situation in front of him. I hope come March 1st he is placed into a retirement once and for all.
Good Luck - will be curious to see what stock has the biggest increase in the next 2 months. My money is on NXTTF even with all the growing pains. We will see. Patience is a must with cannabis.
Just to clarify - the only thing we can vote on for personnel is the 5 board members. We can’t pick and choose who to vote off the island. It doesn’t work that way. No use discussing other people other than board members who based on the feedback can’t be shit canned either. Sidransky (BOD) should resign however.
That is what I am saying - he should have stated it as confirmation of readiness. He did say in the interview that they received approval for Apple app 4 days prior. I am pretty sure it was not filmed recently.
I am thinking it is the confirmation of readiness he was referring to. I think it was filmed around Jan 23rd. Sean needs to be careful on how he states things. He needs to be more detailed. Later he says that Namaste will be selling cannabis by March 15th.
Just received call on my cell (vm) for courtesy reminder to place my votes for the annual meeting - Connie said the board recommended approving the BOD and points 2, 3 and 4. Not sure I have had a call on my cell before with a reminder. Anyone else get one today? I own 50,000 shares.
Spotify and Namaste are very different business models. One owns the product where as Spotify is a platform. I believe some of the provinces will be set up differently with private businesses allowed to sell cannabis. Ottawa is all government controlled so any other companies are out. This is what was expected there. Keep in mind there are still advantages to ordering medical - insurance and some potential to write off on taxes. Namaste has never stated that it was after recreational per say. They will if available.
Wow - you are very positive. If we could get one of those in the two weeks I would be thrilled. The gang that can’t shot straight is a little slow on getting things accomplished if you haven’t noticed.
With Cannmart opening soon hopefully, it should be much higher than $2.
Looking Tony L stepping up big time and buying shares left and right at these bargain basement prices not. Way to show the rest of the shareholders you will get something done.
Do you have a link to who else got the shares? Thanks.
I agree that Namaste is on the right path. All they need to do is get Cannmart open and start generating some sales.
The 420 need to be done anyway. Blessing in disguise. They need to stop over communicating and focus on sales and profits. A distraction for Sean and team - he will realize it needs to be stopped. He needs to add someone that will give them a little direction. I like his energy/aggressiveness but it needs to be pulled back at a bit.
I agree that I like direction of NXTTF. Everyone got caught up in the rush. Sean needs to learn from it and focus on sales and profits. The bought deals were so easy for everyone that they thought it was no issue. He needs to bring in some vets that will give him some good advice. I think he is doing that. The party is over now the work begins.
Glad this week is over. I need a couple cold ones.
Most of the time, the market hardly reacts to dilution on the cannabis stocks. NXTTF picked a bad day. Don’t understand why they wouldn’t wait until after cannmart opens for the offering. Sean and Kory need someone on the board to think through things before acting. A really good finance person would help a ton as well. They appear to be by the seat of their pants at times. It sounds like they are moving to add some bodies in those areas.
Hopefully Friday isn’t too crazy.
In the long run, they will get through this and have plenty of cash on hand. Cannmart needs to open and start selling some product.
I also think they are worrying a little too much on the share price day to day. They need to execute their strategy and sell a ton of cannabis and vapes. The 420s need to be cut back. This isn’t a $.25 stock anymore. That helped when it was only small retail investors. That is not who will drive this share price moving forward.
You turn quick. Don’t think it will get back to a $1.00 but you never know. Trudeau is not waffling so we will be fine. License by middle of month. Offering doesn’t close until end of Feb so there is time to get back up.
Unfortunately, this is the nature of cannabis in Canada. Little surprised it was at this level but NXTTF should be set quite awhile. The last raise was at $.25 canadian so a pretty good improvement. We needed to get it over with because it was a drag on the stock. Now we can move on.
The board is as weak as there is for any company.
Sidransky
Patton
Berman
McKearn
Appel
Don’t add any value - no surprise we are sitting in this situation.
Obviously, the big issue if there is dilution at the current levels would send a horrible message. That means the company couldn’t monetize anything at this time. Even the “great defender” couldn’t place a positive spin on that.
Here is how I think this will play out.
Tony is only the interim because he is going to dilute at these current prices and then he will be replaced by a REAL CEO. The funds that are keeping the price at $3.00 will be the recipients of the shares at $2.50 with warrants thrown in.
There is no real current interest in a buyout from any BPs - just wishful thinking.
Sidransky needs to go as the Chairman of the Board.
The winners are the ADXS employees and management who are the only ones benefitting from this Non-revenue Biotech.
As each day passes with no new cash, it appears as if Tony will take the fall for dilution at these levels. They will wake Tony from his daily nap to alert the shareholders of the cash raise. Only then will they hire someone to take his place as he rides off into the sunset. Hope I’m wrong, but doesn’t look real good right now. The only ones who care about ADXS is about 10 to 15 small retail investors. Everyone else, not so much. Adage’s investment in this is a rounding error to them.
So now no more talk about the Puts holding the stock down.
Back to the boogey man manipulation with a side order of Adage Capital thrown in.
Picked up 30,000 at $1.90 average prior couple days. DO will give it a major push up.
Not a bad idea on ONCS. Everything is probably in place for the big pump. I think I will grab some as well. Might as well benefit from DO games. I think his son is in IR as well Will O’Connor.
The company can’t get a CMO or CEO hired in 6 months. This is a joke. Whoever thinks otherwise is not being honest. Sidransky and 3/4 of the board needs to go.
Maybe DO was moving to a better opportunity. Makes you wonder he obviously had info on oncs. He squeezed all he could out of Adxs and decided to head for the West Coast. San Diego vs NJ - no contest.
Seriously the options are priced at the low of $3.19. What is the difference between that and rsu? How convenient. That is a total joke.
Maybe a worthless board member - take your pick there are no wrong answers because unfortunately they are all pretty much worthless.
Can you tell me why there has not been 1 buy from anyone that works for ADXS in the open market. If this is so undervalued/manipulated shouldn't employees/bod be purchasing shares outside the normal bonus bs?
That is great. You have been so spot on with all your predictions. I'm sure this will happen shortly.
Does everyone think a close to 70 yr old guy is who we want to get ADXS to the next level? There has to be someone out there that the company could bring on. Is he the best we can get.? That is a legit question. t has been 3 months which is plenty of time to attract some new aggressive talent. I guess we will see. Hurry up and wait year after year.