Quote, "More good info on divestiture of deals. "
Divestiture is synonymous in biz with BK ? What does that have to do with ADXS ? Else, the dumping of an "asset" is a "divestiture" as in "divesting" a business unit that is non performing or similar. Again NOTHING to do with a "company sale" ??
There is no "quiet period" or "divestiture" rules regarding a SALE OF A PUBLIC TRADED COMPANY ?? It's done all day long, and many companies PR the "WE'VE HIRED INVESTMENT BANK XYZ IN ORDER TO SELL THE COMPANY" or "the company is FOR SALE and we are in the process of reviewing multiple offers" or whatever.
Total false narrative here that some "quiet period" must be invoked if the company is being sold or merged or whatever.
They can CHOOSE not to talk- which given the way this clown club "management" (term used very loosely) operates, wouldn't surprise me in the slightest. You couldn't "engineer by design" the destruction of a company any better than these fools have done.
AND NO, it's not gonna fetch $50 a share...those bogus numbers were during the bio-tech BULL MARKET BOOM OF ALL TIME and is over...probably never gonna be seen again in a generation or two....
This company is on CASH LIFE SUPPORT...they're a chronic share diluter and dumper for survival...they have NO "pending" supposed "FDA or EURO APPROVALS" remotely close in time (EU is 12 months away, at least, and they're BUSTED FLAT CASH BROKE by then), way after the time before they'll need to DILUTE AGAIN to some bottom-dragger hedge fund scum and...this time at sub $2 bucks, which will take um to SUB $1 BUCK and a DELISTING WARNING from the NASDAQ and heading for OTC-ville penny stock status, etc.
They're in dire shape...$10 a share is a gift horse at this point...a cup of cold water in a desert wasteland...if they DO NOT SELL NOW and had a legit buyer...they're gonna be wide open to shareholder lawsuits...as they DO NOT MAKE IT ON THEIR OWN as a stand alone biz and never have...they're a textbook dilution machine and BLOAT Inc, really existing for nothing more than self-enrichment for a tiny few at the top of the "company" (term used loosely) ....it's not that complicated...
They fail to execute and perform on pretty much everything they attempt...yet hire more people...spend more cash...and have nothing to show for it in the end....they don't even have a DAMN REAL CEO after close to a freaking YEAR now....and not a peep about why they sh$%t-canned the prior clown who played CEO and blew-through $200 MILLION large...getting um nowhere....
They NEED TO SELL TO SURVIVE or this is headed back to being a penny stock..which in bad reality...is really all it is for all intents and purposes....THREE FREAKING "PR" folks, one a DIRECTOR LEVEL and two subcontract firms for a company that largely DOES NOTHING and ISSUES NO PR...that alone is enough to get everyone from Bonstain and crew fired if..if..if any "professional CEO" or an actual "Chairman of the Board" was "running/managing" this cluster F mess of an excuse for an actual business, let alone some "cutting edge medical R&D company"...they're a $buck and change laughing stock now...untouchable by most of "Wall Street" and they did it all by themselves...screwed the pooch so many times over...no help needed...just pure amateur hour....it's beyond pathetic....
Posts are only my amateur opinions, personal views and thoughts. They are not any type of investment advice. Do one's own due diligence.
