Just to be objective, and without any intended disrespect to Nicole...
- I don't doubt this is Nicole's understanding and message. I have never doubted her sincerity.
- Some of Nicole's reported comments and explanations reported here in the past have been proven wrong (I.e. The big shareholders are very happy, we have talked to them and they aren't selling, etc). Right before Adage sold 1.5M shares and Fidelity sold 3M. So hearing something from Nicole does not mean it will turn out to be true
- Advaxis has been assuring various retail investors by phone or email over the last 3 years. All while the PPS has crashed from $30 to $2, and at every single step along the way Advaxis management has relayed some variation of "surprised" or "disappointed" or "hopeful" or has never expected things to get worse. Basically this BOD and management has a 3 year track record of being a deer caught in the headlights and they are either unaware of what was happening or unable to aggressively defend against it. In a word, ineffective. Their track record strongly suggests they are in over their head.
- While I am not personally calling for anyone to lose a job, having been around Pharma most of my career, there is no question this company is management top heavy at this stage and have proven to be extremely poor financial stewards.
- The fact that they all just voted themselves raises after now claiming they were worried about getting the "going concern" label suggests they still don't get it and are still completely overmatched by the circumstances they find themselves in. They repeatedly appear to want it both ways.
- Their official communications to investors has been an embarrassment. Especially since DOC was fired. They owe investors better. Especially after the pretty terrible last 3 years with the PPS under constant assault and their inability to staunch the bleeding.
That just seems like facts to me. Not an attack nor endorsement of anyone.
Personally if I took over this company I would keep Petit and let whoever he wanted to keep stay and pretty much everyone else might be gone or be replaced.
