Ayala Pharmaceuticals Inc (ADXS)

[equaloppforall]

Good observation. One cannot say Adage made a killing on their short - them being short being the general wisdom now - unless they covered it or are doing so now. Which means Adage sees this as the bottom range.

On the other hand, if they are simply selling their position, it means they are realizing actual losses, which in turn means Dan made no dirty deals and Adage thinks they made a bad bet. But I doubt that they are just selling now in the 4s, and not even in the 7s when they had the chance to, considering how slowly and methodically they are doing it (I mean why the 2 week gap in selling since 9/29).

I am now even more convinced that Adage is just covering from their box and this garbage will end soon, and will be made to coincide with the announcement of an EU partner, the delay in filing notwithstanding.