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Can't even remember how many times I have heard that before - capitulation - with this company. This is also probably the one last, final take down before they run it up again.
Now down 18% since Friday midday.
Every little up move today is just getting squashed, must be virtually unlimited sell orders.
Other than the new offering I guess there is/has been no bad news, but once again there has been a complete dearth of any substantial good news for a few months now. Yes there was the HER2 partnership for what it's worth, but that's about it, maybe also the lifting of the hold. But I am very concerned about the lack of any information at all about AXAL for the same time period, we have heard absolutely nothing since the announcement about withdrawing the MAA application. I would feel much better, and maybe even the market would feel better, if there was some decision here, either way.
You could have a point, I don't know, some people may have already reached the breaking point. I'm really close, and honestly I wish I reached the breaking point a long time ago, given where we are now.
So what do some of the other long timers here think at this point? Dew, FBG, Gantor, etc., would be interested to hear some opinions. I'm beginning to wonder if this is in complete death spiral mode now.
Only possible good news today is that the volume is through the roof in the first half hour, and it must be mostly selling, but there is not a complete disaster in the price movement so far.
Somebody was unloading big time yesterday, looks like probably more of the same today.
I think he meant this post: msg-80176. Dew did not call out CVI specifically, but if they were the big buyer, then by association.
Dropped like a rock since the CF conference.
I just don't understand how this can go down 30% in 2.5 weeks.
So the offering in February got them about 6 months of runway, and the offering in September got them about 4 months of runway. Wonderful. Not even a years worth of funding out of two offerings.
At least the volume picked up.
The liquidity here is really bad, literally only $60K worth of trades through noon today. It used to trade more like a half a million shares a day at say $3-5, $1.5-2.5M of trades in a day.
Great, looking like another afternoon slide.
Everything was great until 2:05PM today, then fell off a cliff.
Maybe it's me, but doesn't seem sufficient to say we are going to do one of two things, and then never say definitively which path was taken. Certainly they would have to announce a partnership, why wouldn't they have to formally announce the wind down?
Seems like something else is happening today, something is happening that the rest of us don't know about yet.
Of course, if by some (admittedly) miracle they can get the stock price somewhat comfortably over 1.5, they could get another $20M from the warrants. Big question is whether or not there is any good news coming along soon to make that happen.
True, but as usual ADXS hit much harder, 6% in 1.5 hours, and for that matter 4% in about 1/2 hour.
That's all great, but why such a slide today since 11:10AM?
Pretty brutal today, down hard on low volume.
I think the no mention in the earnings report is very strange, and particularly annoying because KB stated there would be an update on the next conference call. Instead we get absolutely nothing on AXAL, and no conference call at all. It has been 4 months since he stated a limited amount of time to find a partner, hard to tell or guess what the limit might be.
Agreed, this is likely to be a run through of the September corporate presentation, and not much more than that.
Something seems to be cooking today, I'll take it.
Do you consider this a positive development for ADXS, or is this more of a competing technology that might render some of the ADXS tech obsolete?
I don't know, the whole AXAL/AIM2CERV combination would be a very big thing to just let die quietly. Those other deals weren't really the same kind of thing. I wouldn't put anything past them at this point, but it seems like a press release would be in order.
AXAL may yield some revenue sooner than NEO/HOT, but in the long run NEO and HOT are likely to be much more valuable. I don't believe for a minute that AXAL is the most valuable construct, the market has spoken pretty clearly on that one.
We need a partnership, that's what we need.
I don't think there's any way they can shut down AXAL/AIM2CERV without a press release, too big an impact to the business.
Figures it closed at the low of the day today, now down 6 out of 7 days since the offering. Not sure why I expected anything different. Will it ever end?
I tend to agree, but I can only take the silence for so long, they need to be a little more transparent now.
That would be fine, just say so in that case.
If we don't hear some news about AXAL in the next couple of weeks, then I think I'm going to get out. Ken needs to come up with a resolution for AXAL one way or the other, very disappointed that there is no update so far.
Looks like no deal.
Certainly possible they needed funds to ink a deal, and if a deal is close it might also explain the lack of a conference call this quarter, for now.
I just hope there is a deal to announce.
Why doesn't Advaxis come up with their own press release for this?
Up to $0.85 after hours, very strange. Make that $0.88.
I'm not so worried about being behind the curve with NEO and HOT, certainly possible with AXAL. However, still seems like AXAL is mostly being considered to be shelved because they just can't afford it, and now have some better bets in place. What's hard to explain is how they did not come to that conclusion a long time ago, before spending many additional millions on AXAL.