There is one more very pessimistic and unpleasant explanation to the proposal to double the number of issuable shares. DO et all may be assuming a poor performance scenario of dilution following dilution with the market cap raising very slowly and the tilly getting tighter. Well, DO if that is not so please show it. That also supports the idea of "gimme more shares"...Hope it is not so.
There is not a way by which a vet deal is somewhere in the works and not disclosed.
To hold off may be loss of opportunity and to agree to something and not disclose it will open the door ton a lawsuit because the only reason to hold off would be the greed stopping the the management to conclude it prior to getting the shares cheap thus giving a good reason to the ambulance chasers.
So if there is one in the works it will show right away
I doubt a vet deal. By itself this procedure is not a future revenue stream. It is good only for helping believe in the science which is good but hardly profitable or supportive to the PPS
It is more likely IMO that we will rise moderately and INO will "suffer" an adjustment back to reality. Their capital rise is straight dilution and PPS adjustment that will occur immediately when the new shares show in the mkt place
If you expect any statement from the board or DO, forget it. Any statement now can be later used against them in a legal action. Even the idiotic "we run the company" by Lisa has legal connotations. The best they can do is amend the 14A
Investigation is not yet suing. And their decision to sue will be based on their decision concerning the probability of a win and that is something based on precedents so good luck. I dont mind the fat cats being sued but I will bet you any money that serving on the BOD includes some ironclad guarantee of the corporation stepping up th indemnify and cover any damages resulting of doing the job. So the circus will go on and I am seriously disappointed with DO Stupid and not decisive enough
In all probability the Law Offices dealing with Investigations and Class Actions are more proactive than just handling out justice to SHs.
With some creativity the can set up investment accounts that will short the shares of the entities they plan to engage. That's ok, the advice is free ;)
They are just preparing the background and they are doing it for the simple reason that Advaxis has some money in the bank. If the management proceeds on the same track the class action suit will come, even if the means are legal. The Lawyers go for the money, nothing else
If the SP goes down seriously and the investigation finds even a circumstantial tie between the proposed compensation and the slide in the SP the class action suit may be coming
Just last month they started investigating a dozen public companies that incidentally have some free cash
Thank you MB posters. When these guys are successfully done every SH will see 5 cents per 100 shares and J Monteverde Esq. will comfortably retire
I would go a step further and spectate that the effort now is on getting approval in India and maybe other oriental states based on the India PH2 and other clarifications as required by the local authorities. This must be a heavy burden on the scientific stuff and for obvious reasons kept confidential
They said in the past that they would love to take a partner who will also take share. So why wonder that they wish to have shares available if such a partner shows up? Thy cannot sell and not tell us (the public, that is like calling the SEC and asking to be indicted