Even if you hate this company, including its science and management, to your bones, the stock takedown we have all been witnessing is completely ridiculous and utterly criminal. The stock is currently trading at less than cash plus assets for goodness' sake. No unorchestrated market functions this way in the absence of any news whatsoever for days, weeks, months and years on end. Broken stocks also trade heavily in premarket and after hours, which never happens in ADXS. Today's takedown appears pre-planned to be the worst in the last one week, to coincide with the release of the short interest later in the day. We'll have to see the numbers to get a better sense of their covering activity, although a lot of buying/covering has occurred within the last 10 days and will be invisible in today's report. But make no mistake, this is not "free market" trading in any sense or spirit of the word.
In a way, I'm glad that the hedge fund and MM manipulation scheme is in its laser throes now. We are pretty close to zero and they are fast running out of altitude to crash this in a controlled way.
Just as long as ADXS doesn't dilute anywhere below double digits, which I seriously doubt they will, I can see a path to very meaningful recovery (EU partnership, with US rights possibly added to it, and EMA submission). There could also be a sale of HER2 or prostate licensing with Merck. But if they choose to sell it after the EU story advances and the stock recovers to the 20s, I won't be complaining.
