IMHO - Yellen has no business talking about valuations; rather she should focus on macro economic issues...so what's next for her? recommending which stocks to buy/sell??
She needs to maintain the dignity of the office and let markets react to the economic scenario
news that the offering of 2.8 million shares is done should do just that - will be announced either today or tomorrow is my guess
I can understand the disappointment and I am a bit #$%$ off too...But...
Is the offering at $19.00 for close to 3 million shares not better than previous offerings of tens of millions of shares for less than $5.00??
Imagine a scenario when and if the stock hits $55 and then there is another offering for 2 million shares at $50 so that around 100 million can be raised.... will you be happy or be complaining again.
Come to think of it, yes dilution is bad, but not as bad when the offer price gets higher and the number of shares offered is lesser.
We have been through hell and made our way back, up a dollar or two on some days, at times beyond what we would have expected . Soon we will know why they raised the 50 million and how they are going to use it.
Till then, let us at least not sweat too much ( a bit is OK and soon it will be summer too...)... once gain, dilution is not good, but at times one has to dive headlong into the dirty water to recover the buried treasure
One should be complaining and blaming themselves for not adding ADXS to the portfolio when it was dirt cheap - let us blame ourselves first, for once and feel bad/foolish/hopeless..
Take it easy guys, Rome was not built in one day.
I cannot even imagine the potential ADXS has going forward. Once DOC gets a good upfront payment, will he use it to start many trials that are beyond pre- clinical stage.... let us remember that there are a lot of constructs that ADXS has in cold storage and money is what is keeping them dormant. With money beginning to flow in, sky is the limit as multiple constructs are put to real test. $6 billion would look damn cheap then and many of us will be complaining at that time about an offer of that kind should there be one. We are talking of cancer and many types of cancers, a curse that has spread to every country in the modern world. All we need is one successful outcome and then it is off to the races - till then hold on to those shares tight
ADRO goes from a all time intra-day high of 49.25 to intra-day low of 27.8 in less than 15 days ( from April 15 to April 28) and during the same period ADXS moves down from intra-day high of 24.48 to intra-day low of 19.00 . Whatever be the reason for this downtrend, the average ADXS investor has lost a lot less, compared to his counterpart in ADRO.
ADXS has more to offer in terms of upcoming events - trials, results, news, patents etc. compared to ADRO which has already warned investors that there may be patent issues going ahead.
ADXS still has left the door open to strike deals with BPs...ADRO has pretty much sold itself in that regard.
ADXS has a pipeline that is likely the envy of even ADRO and is way ahead of ADRO conducting multiple trials.
Bottom line ADXS has far more potential going ahead, while ADRO has shown all of its cards
Look at the volume traded - hardly a sell off... MMs are collecting cheap shares considering the events happening in the next 3 to 6 months. On the other hand ADRO is now dropping and approaching $30s, while ADXS has good chance of moving towards $30 if not immediately, much sooner than later..
Previously, I used to look forward to weekends - when management was useless, lacked direction, conviction and dedication; now I hate weekends, thanks to new management doing its best... good technology in the hands of capable management can do wonders.
Looking forward to another exciting week, month and for rest of the year
While you need to be careful and not carried away by your success, I just want to let you know that bokko_raton is the board janitor who comes in regularly and dishes out trash as he does not like his job, but in the end he takes out the trash after being humbled by ADXS on a daily basis... so treat him like trash, but respect his profession.
since when has Wall Street become 'Ethical' ??
First and foremost you need to change your name a bit, just a bit from take_it_down to I_am_down
also, shorts are rich, very rich, in filth that they post. So yes, be happy to be rich in filth rather than filthy rich
Reputed analyst firms will be all over ADXS - just wait for one big news /event and watch them start giving higher price targets. Once they realize that ADXS is a winner, they will show all the love that is currently missing. After all Wall Street loves a winner and soon ADXS will be the darling of analysts.... till then they will prefer to remain ANALysts...
If you look closely at the form this time around they have an option regarding how to deal with the shorts - FREEZE them with Nitrogen or FRY them using Solar Energy.... choose your option wisely. I will be choosing the Solar Energy mode of disposal. If you are planning on tormenting the shorts every now and then, it is better to opt for the Nitrogen mode, as you can periodically revive them and poke fun at them and dump them back.
Note: JMHO and written in jest
ADRO will end up boosting ADXS pps and in a way will reveal that ADXS is the hidden gem that is being overlooked ; shorts will end up boosting the pps too as they rush to cover... just waiting for the perfect storm to hit Shortsville
Currently you are looking at a snap shot ...considering that there are going to be enough developments in the coming months, you will realize the potential of ADXS and see it zoom past ADRO leaving it way behind. So, I say, give it time and focus not on the snap shot that is just a ' in the moment' phenomenon.
By the way, MB = Message Board.
Sleep tight and watch how things unfold - biotech is all about potential, results and then some more