Ayala Pharmaceuticals Inc (ADXS)

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Mp, I know you have laid out a forecast that you believe is conservative pegging ADXS' sale value at $9 billion. I hope you are right, it would be as if we all won the lottery (I view a valuation increase from less than $200 million to $9 billion akin to winning the lottery even though you believe it is conservative). I admire your conviction with holding 100% of your position in the warrants, but just remember if for some reason ADXS is not at a $9 billion valuation a year from now and the stock is at $5, the value of your warrants will be zero. Personally, I don't expect we'll be at a multi billion dollar valuation a year from now, hopefully we're back in the $20s though/around a $1 billion valuation. But one never knows, O'Connor forcasted we would be at at a $50 pps by now and we're at $4. I own some warrants too, they're not for the faint at heart. I still think the best outcome for all of us would be for Lombardo to sell the company in the coming months in the $15-$20+ range.