But we really believe our stock is worth $4

Shares of nano cap Advaxis (ADXS) are down 26% premarket after the company announces a secondary offering of 4,080,000 shares of common stock at $3. The firm expects the financing to close by March 31.

It is part of a shelf registration filed with the SEC effective March 4.

Yesterday's closing price was $4.07. It peaked at $5.99 on February 18.

Comments (1)
  • blickster66
    , contributor
    Comments (12) | Send Message
    To me this looks like a blockbuster stock so let them sell how many extra shares they want to raise additional capital. In 6 months this stock will be $10.00 or better.
    27 Mar 2014, 08:46 AM Reply Like
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