Quote, "Despite that, their SP is $6.70, from $40 high. These Biotechs are a real roller coaster.
"
Yeah, but even at $6.70 per share, they sport a $518 mil market cap.
ADXS is presently sitting at a dismal, nearly laughable market cap of $121 mil, barely holding cash-value, w/ almost no "value" being assigned to the entire bloated "company" and supposed IP and all....
Even a market cap of $500 mil on ADXS would equal $12.40 a share.
Personally, I'd take $12.40 a share on this POS and run like Forrest Gump and never look back- it'd be Biblical level miracle territory at this point. I'd thank the big guy upstairs like I'd just ejected out of a flaming heap of metal on its way to impact on the desert floor and certain death.
Personally, I don't buy any of the "We have $500 million in AMGN milestone payments already booked or guaranteed as on the books" blah, blah, blah..
ADXS has NEVER, EVER even in the most remote or simplest of terms that I'm aware of- even "tried" to explain how or what "might" trigger even a fraction of those supposed "$500 mil in milestone payments" actually occurring, let alone, actually putting some cash "on the ADXS books".
The way Danno structured these sh#t-grade "deals", those payments could be so far off in vapor-ville, that the chances of seeing them could be year 2030 for all anyone knows.
I'd like to see Mr INTERIM CEO come out and give some explanation of HOW ADXS "might" receive even a fraction of this fantasy "$500 mil in payments", what the potential triggering events are, expected time-frames to see so much as ONE CENT of mythological said "milestone payments", how much right does AMGN have to back-out and end up paying zippo of this fantasy "$500 mil", etc.
At least a deal like this ADURO company cut, it's all spelled-out, the large up-front cash, the purchase of a piece of their company via stock, what they can expect in further payments, etc. They got $200 million large on the front-end, now THAT is "deal making", not the bull-crap ADXS has been doing.
LETS SEE TONY DELIVER EVEN A $100 MIL up-front deal, and then he can be called a supposed "DEAL MAKER" as Noel from the potted plant and chair-holder dept calls him.
Talk is cheap...ADXS peddles talk like my dog does her "business" 2 or 3 times a day on the back acreage. Lets see um deliver something tangible- or how bout FILE THE DAMN EU PAPERS and get some real PR going, that in itself is off in certifiable miracle territory at this point- they've whiffed so bad on it, and dragged it out so damn long, while running OPERATION SILENCE, right up until they broke OPERATION SILENCE to ask for MORE AUTHORIZED SHARES and MORE PERKS n GOODIES and the same pile of crap "Board" to hold their seats....THAT..they can manage to get done early and ahead of time...as always...but that pesky EU filing, must be lost in someone's top desk drawer again....or they ran out of printer paper or something again....maybe Noel can give a story-time version about it....
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