Ayala Pharmaceuticals Inc (ADXS)

[ubmmg]

As recently discussed, Adage is now right at around 10% ownership of ADXS. If they make any further reductions of 1% or more (down to 5% owernship) they will have to disclose within a day,

I've been trying to get a reference or link to confirm that statement about filing 13G (or, what?) when Adage reduces its holding by 1%, but nobody provided it. My search of the SEC site did not come up with anything to confirm that statement.
Again, Adage is not insider anymore (less than 10% ownership), so they don't need to file Form 4, just 13F/G which is required within 45 days after the quarter ends.
Still huge selling pressure, not sure if it's Adage, Amgen or someone else. Until this is over, it's very hard to gauge where we are going. Hope we put a bottom yesterday, but I'm afraid we are yet to a capitulation. Once we see the capitulation, then it's definitely over.