I’m going to say something that I know might be unpopular…(with a nod to BATERMERE and TINFOILLURKER)
BATERMERE was right yesterday. No matter what positive news comes for ADXS, this short contingent has proven multiple times over the last 2 ½ years that they can negate any good news and keep right on taking ADXS down. So as shareholders we need ADXS to get rid of those shorts, we need those shorts to cover and flip long, or ADXS needs to find Millions of shares of support from other institutions that can overwhelm the power of any short cabal.
TINFOILLURKER was also correct yesterday that the most important thing is to focus and try to figure out what Adage is doing. Good, bad, or indifferent, Adage seems to have been in total control of what happens to this stock price.
Yes, I firmly suspect Adage, along with their friends, participated in running up ADXS to $25ish, and then turned around and shorted this down here to $4. They now seem to be in frenzy to cover as soon as they can and literally seem to be pulling out all the stops to do so.
I can’t prove this conclusively, it just seems like a very logical theory when one steps back and looks at the entire picture since Jan of 2015, and looks at price and volume during key inflection periods along that larger timeline.
However, as much as I realize (if the theory is true) that some may want to make out Adage to be a bad guy in all of this, it is my opinion that we still need them. We better hope Adage is selling to cover here, and plans to pivot and go long. If Adage is covering here and does plan to go long, we are golden.
Because just like they showed (theoretically) the power to drive ADXS from $5 (late 2014) to $30 (June 2015) and crash it down to $4 (today), it stands to reason it would not be hard for them to help raise ADXS back to $15, or $20, or $25 on the positive news milestones we know lie ahead in the coming weeks or months for ADXS.
And that doesn’t even factor in whether the BOD has given Lombardo a mandate to wrap the entire company up for a sale. If Lombardo was given that mandate, I think it’s safe to assume Adage knows about it. Just as I suspect they probably got a heads up in advance of every major development in this company since January 2015.
So for me the true binary event at ADXS is Adage. If they are covering with the plan to pivot and go long, we are in good shape. If not? Well then I still can’t see the road ahead due to the fog.
