Ayala Pharmaceuticals Inc (ADXS)

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I think all of the email is standard generic language that says nothing (the company could be sold tomorrow for all we know, or else a big licensing deal).

Clearly, Dan was pushed out, but technically he resigned. The Board could have framed it to him in this way, "we are going to give you a choice: either resign for personal reasons or you will be fired." The email Noelle sent is communicating the fact he did resign. But really what else is she going to say, "The Board fired Dan because they realized he was a greedy, unethical leader who put his own personal financial interests above his investors. The Board realized they made a big mistake in rubber stamping all the unearned RSUs Dan took for himself while investors who recapitalized the company under his watch are down more than 40%."