1) Ken is due for an annual bonus in 10 days to mark his 2nd anniversary as a CEO. Anyone to guess how much will he get? I’d say about 576K before taxes. He deserves every penny of it for doing a great job running this company. To the ground. 2) to avoid delisting, the company will do a reverse split in a month or two. That move will be accompanied by what? You guessed right! Another secondary! Give a trophy to everyone who knows what is coming next.
BUT, lets give credit where credit is due - you WILL NOT find a better waxed, better quality foosball table than in the ADXS "manufacturing" bar and grill facility.
Kenny takes care of his crew- the BEST PLACE TO WORK VERY LITTLE and MAKE A SHIT TON OF EASY MONEY IN NEW JERSEY by golly.
Not just any CEO can make that claim. When they built and still fund that manufacturing/recreation room/bar and grill, they went top shelf all the way. No amount of shareholder money has been spared or wasted w/o full justification to KEEP THE PEOPLE THERE HAPPY, RELAXED and partying like there's no tomorrow.
Kenny Burnsumdown has a company paid car, a country club membership, a luxury home behind gates w/ private security, and some of the finest luxury junkets (cough, cough medical conferences) one will find for a 2-bit penny stock CEO - better than ANYTHING in the Fortune 500.
The guy takes care of what matters- himself, his cronies and the crew.
So lets be happy for um - they burn OPM, "other people's money" with the best cons one will find in any back alley or any state prison in the nation - and that's saying a lot. TAKES WORK to be that good at one's profession.
I say give um a big round of applause and drinks on the house in the manufacturing wing- right after they install that new basketball court flooring and 2nd pool table. Pull a handle and have a brew- always "on the house".
Kenny's ADXS funded company car recently spotted around the facility- damn proud of this guy they are :)
What are you rambling on about? They got the notice they have until October 2020 to get over $1 per share for 10 consecutive days to avoid possible Delist. Even then if you read the filing, which I highly doubt, it states that if the company doesn't get over $1 per share by then it can transfer to the other NASDAQ market and get another 180 days. With all the catalysts ADXS has coming it will be north of $1 way before then.