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DewDiligence

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DewDiligence

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Re: lgonber post# 213587

Tuesday, 09/12/2017 10:21:25 AM

Tuesday, September 12, 2017 10:21:25 AM

Post# of 252713
Re: ADXS selloff

ADXS reported FY3Q17 financials yesterday, and the cash burn was high. Moreover, the start of the phase-1 NEO trial is delayed until 1H18 for undisclosed reasons. The HER2 program has been discontinued.

If all that weren't enough, the company still hasn't named a permanent CEO or explained why the previous CEO was fired.

https://www.businesswire.com/news/home/20170911006168/en
https://www.sec.gov/Archives/edgar/data/1100397/000149315217010463/form10q.htm

I'm still long with a small position (#msg-133812472), but I haven't added on the downturn.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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