Ayala Pharmaceuticals Inc (ADXS)

[Simple Steve]

Yes, that's what she said. Only less than 15M shares left and they wanted to be stronger when dealing with another company. I asked what she meant and she said if they don't have enough shares then other companies can push them around in negotiations, but if they have more authorized shares then that is less likely to happen. She may have meant that the extra authorized shares gives them some leverage, ie they can tell another company to take a hike if the offer isn't good enough because ADXS can always issue more shares to stay in business. She could have been inferring to a hostile takeover as well, I don't know.