I tend to agree being blindsided by the hold could not have happened at a worse time. I suspect it’s the turd in the punch bowl that’s stopped progress on one or more important initiatives that may have come with much needed cash. In the mean time, they’re burning through precious reserves to keep the lights on.
One thing is for sure. Company leadership, BOD, mid-managers and likely at least some of the rank and file are sitting on a mountain of worthless ADXS equity. All options are currently underwater and worthless and restricted shares / grants that are vesting on a preset anniversary, like TL’s a couple of days ago, are paying out for a buck and change.
I think the hold is placing extrodinary pressure on the company and could force another disastrous dilution if not resolved quickly. I guarantee there are a lot of unhappy people in Princeton NJ who are feeling the heat and the last thing they want to do right now is field WTF calls from a bunch of pissed off investors. Likely why they’re not answering the phone.
I’ll state the obvious for TL’s #1 priority. Get the damn HOLD lifted.
G.B.