Ayala Pharmaceuticals Inc (ADXS): For the record (to CAB033) I would not s...

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Re: James salmon post# 32918

Monday, 09/11/2017 4:31:17 PM

Monday, September 11, 2017 4:31:17 PM

For the record (to CAB033) I would not say I am "happy" DOC is gone.

But to James point, what DOC wanted to do was risky. DOCs strategy seemed reasonable if one was just looking at the impressive clinical results and potential of the company. But unfortunately I think the massive short position trumped DOCs agenda and forced the BODs hand to go in another direction. If ADXS was at $20 it wouldn't have been as big of an issue to fund the company with some further dilution. At $6 it was no longer acceptable.

This is a prime example of why I believe shorting in Biotech needs to be aggressively addressed by Congress.

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