The market has voted a monster thumbs down on con man Ken Berlin. Berlin knew that he would have to find a way to cut costs so he didn't have to dilute as soon as this October. Mass dilution would have immediately collapsed the share price under $1 & ADXS could be kicked off the NASDQ which would force Berlin to again monster reverse split the stock to get back on NASDQ. To Berlin's credit he did cut the bloated work force by 24% to reduce bloated G&A costs. However, the real cost savings was to try to partner or shelve AXAL because Berlin could not afford to continue the AXAL phase 3 trials without immediate dilutive financing which would have collapsed the share under $1 etc. In order to justify the AXAL trials being shelved, Berlin tied to con the market into believing that HOT was the next greatest new thing in cancer vaccines. High risk, totally unproved Neo is financed by Amgen so Neo is not a cost factor to ADXS. HOT however is unproved, totally overhyped, extremely high risk & there is no way Berlin can finance HOT without an upfront big cash partner. Problem is Berlin, who lacks the skills to find & close deals, can't find an up front cash partner for AXAL, a phase 3 vaccine which if it gets FDA approval could be on the market within two years. The over hyped HOT has not yet started any trials & it would be many years before HOT is either proved to be the real deal or another ADXS dud. BP has a choice with ADXS. Either be a big cash partner for phase three AXAL or pay big time up front cash for totally over hyped, unproved high risk HOT. ADXS has NEVER found a cash partner for AXAL even though AXAL has made it to phase 3 & there is 99% chance that Berlin will NOT find a big up front cash partner for over hyped, totally unproved, very high risk HOT. BP has chosen NOT to partner with Berlin on either AXAL or HOT. The market did not fall for Berlin's con as the share price collapsed to new all time lows shortly after Berlin was made CEO. The ADXS dreamers, bag holders did get duped by Berlin, hook line & sinker. With no cash partners, Berlin will be forced to mass dilute & reverse split the stock again which will be another ADXS disaster for shareholders.
