If we are in line for a buyout from Pfizer (or anyone else for that matter) it simply isn't relevant. It's a matter of an offer, an agreement on terms, a vote and an exit. CEO adds no value to the process. Like I said, just another face looking for free shares at our expense..
Same as last year. Nothing is up. Not clear why Gary is included though. His bonus should be based on stock performance which means he should be giving shares back.
Amazing how much damage these guys have done to their shareholder base. Going to take some time to build any sort of credibility. These guys have bent us over the proverbial barrel too many time the past few years. I am sure a lot of people like Freddy are sitting back and watching for roadkill.
Persistence! Good job guys!
But you guys didn't get the deal of the century with Prolor (not to be confused with Prolar) did you Burnaka? What was I talking about? All of the run up in OPK is from Prolor. You're welcome.
And an analyst with a PHD in Microbiology:
"In addition, inking a deal on OXY-RPEG was always likely to take some time for PROLOR. My experience tells me that it typically takes 6 – 12 months to ink a partnering deal from the time that parties begin discussing to the time the ink dries on the agreement. I believe that PROLOR management only really began talking to partners early in the summer of this year about licensing out this program. Believe me, I have stated repeatedly to Shai and Avri that they should not be greedy here and that they should focus on demonstrating to investors that they are not simply likely to take the easy way out by resorting to some highly punitive and dilutive financing at a highly inopportune time in the market. If they need to do a deal that is heavily back end-loaded and doesn’t give them as significant an upfront payment as Zealand got, so be it.
I definitely feel that this management team can and will get a deal done on OXY-RPEG. I was talking to them for over two years before initiating coverage and I visited them several times in Israel. I have experienced the so-called “Israeli discount” before, when I was covering XXXXXXX, but I believe that PROLOR management is very serious about overcoming that and convincing investors that this company is the real deal. If I didn’t believe in this firm and hadn’t been in meetings that they have had with institutional clients to see how they perform, and if I hadn’t taken many months to do my due diligence on their core technology platforms, I would not have initiated coverage on this company." Ha!
My favorite quote by Shai (From October 2011): "You know the story well, the near term milestones (initiation of Phase II in children and Phase III in adults). Our growth hormone product, in our estimates, would be the first to the market of once-a-week treatment, and has shown excellent results in the recently completed Phase II. The story essentials have not changed , unrelated to the volatility in the stock price, especially in this type of market when investors are getting margin calls and liquidating positions. The company today is in possession of highly valuable therapeutic drug assets as well as an infrastructure for the development of additional pipeline product – each for a multi-billion dollar market, and the recent drop in the stock price makes the company a very attractive investment relative to comparable companies with leading drug entering into a Phase III for a $3 billion market."
BTW, I held Prolor for years (bought most when it was $0.25) and watched it all play out up to this sham buyout. They did everything they could to keep the company out of the light.
Shai (CEO) was Frost's lacky. He didn't scratch without Frost's permission. So no. What happened is he did nothing and the price tanked from the $7s to the $3s and Frost bought it for next to nothing.
I don't know who this poster is but this was my post copied verbatim.
The $3.50 run up is on 400MM shares. Had this taken place in Prolor it would have been almost 6x that on the lower share base. Yeah, still bitter and rightfully so..
Oh but he didn't steal Prolor from us for pennies on the dollar. That's just silly. Somehow being with OPK made the assets more attractive and he couldn't have done the Pfizer deal as Chairman and majority shareholder of Prolor prior to the purchase.
This entire run up here from about $9 is based on Prolor assets. What is $3.50*400/70 anyway? He buys us for $7.50 when it should have been at least $27.50. The rich get richer...
Whether is is a failure to properly understand the dynamics of the recruitment process, to facilitate the recruitment process or to set reasonable expectation for the investors, it is a management failure plain and simple. Way too many excuses for the litany of shortcomings with this company.
Nail on the head: "Advaxis (ADXS), a clinical stage biopharmaceutical company, announced on January 5, 2015 the submission of an Investigational new drug (IND) application to the FDA to initiate a clinical trial for HER2 expressing solid tumors using its novel immunotherapy, ADXS-HER2. This same therapy received orphan drug designation in May of 2014 for the treatment of osteosarcoma. "
Point in fact: "PRINCETON, N.J., Nov. 5, 2014 (GLOBE NEWSWIRE) -- Advaxis, Inc.(ADXS), a clinical-stage biotechnology company developing cancer immunotherapies, today announced that the Company has submitted an Investigational New Drug application (IND) to the United States Food and Drug Administration (FDA) to conduct the first-in-human study of ADXS31-142 for the treatment of metastatic castration resistant prostate cancer (mCRPC). ADXS31-142 is Advaxis's lead Lm-LLO immunotherapy designed to specifically target prostate-specific antigen (PSA)."
There are thousans of examples James. Not sure how you can say that. They USUALLY announce both.
The issue isn't whether it will be accepted or not. It's about all the games they play with releasing/advising of new information. It's absolutely ridiculous that a board contributor/shareholder has to perpetually monitor the company because you never know what will show up out there and never be announced. They've been doing this and the Friday after close game since I have been here. Disgusting practice.
Whether it is on purpose or simply out of ignorance, it is inconsiderate and unprofessional.