I sincerely hope, for all of our sakes, that this is the ransom payment that TINFOILLURKER first suggested was going to be forced on them last summer.
Only then we argued over whether they could force a ransom payment at $5. I never thought that ADXS management and BOD would allow them to take them down under $2. Amazing.
Whether this is simply fecklessness and gross incompetence on display, or plain ole skullduggery, either way it's sickening. Like EQUAL, I am disgusted by this BOD and management. I don't trust them anymore going forward and this time I will take some profits when I think the timing is right (assuming we ever get that chance).
However, if we don't start seeing some major shrinkage in the short numbers, I think this challenges the thesis some of us have about this being a ransom payment.
While I no longer trust management, I do still trust in greed. If Adage has stuck around this long I can only assume it's because they still see potential for profit. After this meltdown I can only assume other funds like Adage will see opportunity for a pump from these low levels and may soon want to run this just like CALA from $2ish to $19ish.
The last missing piece to the puzzle is the flame for the tinder...some major announcement from ADXS about a partnership or early prostate results or something of that nature to use as the excuse for launch.
But make no mistake, at this point it doesn't feel good to believe that one's best hope for being saved is to trust that the greed and avarice of others is what will bail you out in the end.
We'll see.
