Ayala Pharmaceuticals Inc (ADXS)

[equaloppforall]

Hey Ig,

I see where you are coming from but it seriously sucks for those of us who have a significant volume of calls, purchased at a relatively high premium, expiring this week.

Not just because I have a vested interest here, but also as a matter of principle, I don't think any public company should be seen to be working with, or at the very least working around, a short contingent in order to escape SP manipulation. It is unfair (and illegal, if proved) to people who are betting on the success of the company as opposed to its failure and only embolden short interests.

Now I get that the short cartel would be even more aggressive in light of good news that hurts their option interests, however, that ought not to be the company's concern. The company is supposed to let the chips fall where they may after material news is released. If no news is ready to be released before opex, that's a different story and I can live with that. I just hope they are not sitting on material news, pending opex, especially if it involves a partner who is paying upfront cash.