Ayala Pharmaceuticals Inc (ADXS)

[Hburr]

Advaxis Ponzi: Interesting that a past Advaxis principle shareholder was a Ponzi Scammer! And barred by SEC in 2010! Yes it was a while ago, but he also provided scientific validation to the company! WooHoo- oh yeah and a CURRENT director is still working with the guy. Incredible!

http://www.sec.gov/litigation/litreleases/2008/lr20719.htm

http://articles.latimes.com/2008/sep/16/business/fi-ponzi16

Yes it is the same guy. Scientific Validation here:

Sentinel Consulting Inc. is owned by Robert Harvey, an observer to our Board and the manager of Harvest Advaxis LLC, one of our principal stockholders. Sentinel provided financial consulting, scientific validation and business strategy advice to us. The term of the agreement was for six months commencing as of September 5, 2004 with each party having the right to terminate it after four months under the agreement. The agreement was terminated in August, 2005. We have paid Sentinel $33,000 for services performed and we have the obligation to issue to them a warrant to purchase 191,638 shares of our common stock at an exercise price of an $0.40 per share, plus 287,451 shares of our common stock, a retainer of $5,000, a video preparation fee of $10,000 and expenses of $6,000 in connection with the preparation of a scientific review.