For the record Tin, when I read your first post it kinda made sense and appealed to the conspiracy theorist in me. And like you I was a bit surprised by the backlash from people who've been shouting "Manipulation!" for YEARS.
I also thought at the time and still believe now, that IF this is the case there is no way they're gonna drag us down to $5. That's too low and there are too many funds and tutes who aren't involved that would scream bloody murder to the SEC.
There is also a time factor involved now. Combo trial results are out in a matter of months, if not weeks. Good news on this front will cause more tute buying. Also, an EU partnership deal may be announced at any time. Later this year, EU approval application will be announced. Then there are the unknown unknowns which aren't predictable. Can shorts take that pain? Can they walk it down yet again? Will they take that chance??
One other thing - IF this was set up in advance, DOC would have been involved and he is gone now. This kinds of unlawfulness is highly unlikely to have many people involved in it. Those that are left at Advaxis are unlikely to have the power to pull it off, unless of course it was the BOD itself. Lombardo, as I recall, was only recently brought on, so wouldn't have been involved in the first place, and would be under no obligation, IF all this is TRUE and they TOLD him about it, to continue. But, he plays the game and may have reasons I can't even imagine to let the shorts have their way.
So my thought now is this - IF your theory is true, the shelf offering will be soon, within the next month or six weeks, and occur at a share price near where it is now. If not, the shorts are going to get burned in a big way when good news comes out.
One last thing - It really doesn't matter to me either way. Sure, I know that dilution decreases my profit by x%, followed by a staggering share price, but at the end of the day the brakes will have been released, the pressure off, and the sp and market cap WILL rise. Advaxis will now get the credit it deserves on wall street and the media. Think of this headline: "Advaxis short interest decreases by 90%". Would raise some eyebrows I think.
Anyway, and as always - GLTAL's!!
