With almost 200M (!) pre-split shares traded already, you have to guess how this exactly is possible. 3X float by the EOD? My guess would be besides the momentum traders, someone big run this stock yp to over 10 to then short heavily. Looks like lots of naked shorting done in an anticipation of the upcoming offering. These new shares (double of the current float with double warrants?) will be used to cover the naked short positions. And the long term shareholders are to be wiped out. Completely. Sigh...
Let us see what the offering is. Trade ADXS like a piece of paper, etc. I sincerely believe that this a golden chance to recover losses.
Agree, only problem is trying to figure out THE BEECH. Would have thought huge volume today, would have resulted in a big price increase. Now looks like it wants to melt away like snow in July.
May tank into close as day trader head for the exits.
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