Ayala Pharmaceuticals Inc (ADXS)

[tinfoillurker]

The only way you could feel that way is if you believe in an efficient market theory. Which is a fiction. This is early biotech la la land, heavily manipulated.

I disagree. You bought and I bought, didn't we? Those are examples of value estimates that took place that did not involve manipulation, since we aren't manipulators. Why aren't more people like us buying, then? This is why I pointed to the anemic buy volume as the indicator -- the volume is SO low at this price that it seems to indicate even retail isn't buying in noticeable quantities. Investing just roughly $6,100 for 1000 shares today would've netted you almost half a percent of the entire day's volume.

I agree the current price doesn't limit future price. It could go to $1500 for all we know with the right combination of perception-modifying events (catalysts). I was just detailing fbg's statements of "value destruction" from a neutral third-party perspective, since many people have been asking, as if he was going to answer for himself without getting pounced on.

Since value is subjective, what he's saying is technically "true" as long as he hasn't commented on the permanence of that loss.