Ayala Pharmaceuticals Inc (ADXS)

[terry hallinan]

Hi, Tom.

Take a look at the DEF 14A also filed.. ADXS is going to increase share count by 15M

The news is far better - and much worse, depending partly on your point of view:

Notice is hereby given that the 2014 Annual Meeting of Stockholders (the “Annual Meeting”) of Advaxis, Inc. (the “Company”) will be held at the Princeton Marriott at Forrestal, 100 College Road East, Princeton, New Jersey 08540, on April 25, 2014, at 10:00 a.m., Eastern Daylight Time, to consider and act upon the following:


1. To elect seven members to the Board of Directors to hold office until the next annual meeting of stockholders or until their respective successors have been elected and qualified.


2. To approve an amendment to our Certificate of Incorporation to increase the total number of authorized shares of capital stock from 30,000,000 consisting of 25,000,000 shares of common stock and 5,000,000 shares of “blank check” preferred stock to 50,000,000 consisting of 45,000,000 shares of common stock and 5,000,000 shares of “blank check” preferred stock.

http://www.sec.gov/Archives/edgar/data/1100397/000114420414012223/v369552_def14a.htm

A positive vote by shareholders for authorization to increase share count does not, by itself, add 1 share to outstanding shares.

The "blank check" preferred shares already authorized could conceivably even marginalize the common shares when and if issued, depending on their nature. Did your mother never tell you about signing blank checks?

This is not, not, not any argument for or against however anyone decides to vote but an explanation of what is proposed.

Best, Terry