Cdiddy your reasoning is far more plausible. If they had any way to get share price to 1.50 they would get actual cash they need. Far more plausible it’s due to the dilution restrictions tied to the warrants than some impending deal KB and this board been saying is coming ever since they withdrew AXAL from review.
I also find the reiteration of the 15 days as a big neon sign to the traders and do feel this gets pumped some over next 15 days just on basis they know they safe from further dilution during that period. That will be the pump that locks in the higher R/S. The current warrant holders will become the new warrant holders of next round of dilution after R/S and news pump.
There is a lot of questionable stuff and unlike companies like LPTX, where insiders spend a million on their smashed stocks, these guys uses passive language and stop buying shares. KB so confident but not buying at these levels which that news itself could send stock up closer to 1$. He is a professional undertaker and he is going to try to collect as much as he can because he will never run another company again after running a second one through a death spiral.
Yes, it is still crazy. There is no reason to give away shares for free instead of having them purchased from you at a split-adjusted price. ADXS will have to explain some day why they did it. They can’t say “we had a general hope that this unilateral, voluntary gift in our part might induce the warrant holders to buy our next offering.” Now, if there is an actual agreement on those terms that would be acceptable. But such an agreement would have to be disclosed.
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