Unfortunately, there are a lot of parallels between NBWO and ADXS. The market caps are very close, the short interest rate used to be through the roofs, massive "message board presence and activism", shady management, enormous dilution, and etc. Their share price tanked from $12 to $0.20 in less than 3 years, that's even steeper than us.
Not sure why CEO issued that letter, but my guess would be their CEO wants to keep paychecks coming. Of course, on the back of the shareholders. No accountability. Fight evil shorts, and create a Stockholm Syndrome among the "loyal" shareholders. Can't we see the similarities here as well, right?