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Zoltarak

05/23/18 1:33 PM

#68920 RE: tj1912 #68918

Getting at the heart of the matter, yes I do believe this is all rigged. The same entities that walked this to the $30'ish range on fluff and air, then marched it back down to a buck and change, will do more of the same.

They just need an "excuse" as a catalyst. The hold lift might be that excuse, among other things. And dilution would be far less painful if the ticker is trading multiples higher from here...
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jckrdu

05/24/18 9:02 AM

#69010 RE: tj1912 #68918

Tj - IMO, getting past the FDA hold is the key. The pps direction and volume after the hold was announced supports that view; pps was at $2.25 and trending up when the hold was announced. After the hold, the stock lost 30% (to $1.51) and has been struggling to move up on lower volume. Not many sellers, but not many new buyers until the hold is lifted and the market has clarity.

Recent trend up on lower volume is - IMO - from some who are concluding that after 2 months - with no other announcements of other impacted trials - that the impact will indeed be limited to the Astra trial. Still, a large part of the value of the LM platform is with combo-therapies. IMO, market needs to see the FDA definitively weigh-in with their view of LM in combo with Astra, with confirmation that the overall LM/combo value proposition is still intact.

I hope ADXS refrains from announcing other news (to the extent possible) until the hold is lifted, because IMO any positive pps move on other news will be muted until the market has clarity on the path forward after the hold.