Ayala Pharmaceuticals Inc (ADXS)

[Meishairwin]

Mpreorder....I'm not sure submission to EU gets us much. Approval will move our pps, for sure, but I think that's unlikely before mid-2019. Other events could happen that will move ADXS pps above $10, even $15. And, if we partner/ license to generate funding to carry us thru 2020 we would see pps appreciation on that.

My core point, though, is that the returns someone should be anticipating by investing in a highly risky company like ADXS cannot be 50% or 100% or even 200%. The risk involved requires you believe 5X-10X is possible. This segment amounts to nothing less than public venture capital investing. Invest in 10, and 6 will go to $0, 2-3 might make you a little money, but 1-2 will be 5x-10x or more. That's the distribution of risk in companies like ADXS.