Ayala Pharmaceuticals Inc (ADXS)

[cab033]

I thought there were already 40MM shares outstanding? So at a $6B valuation, would that not be 150 as of today. But that still does not take into account the current warrants and management options which puts us closer to 45MM shares outstanding or a $133 SP. I think it is safe to assume we reach 50MM shares before a BO occurs so around 120. Another dilution or 2 is likely, plus his golden parachute, plus more management RSU's will account for the additional 5MM shares by my estimates. Any BO that occurs within the next 2 years in the triple digits will make me very very happy, but each month that goes by makes me re-evaluate my expectations downward.