Ayala Pharmaceuticals Inc (ADXS)

[Stockdoggy]

I just read through the proxy, and I do not like it. BOD says it needs additional shares authorized for things such as "strategic acquisitions or future equity offerings". I understand the need for shares, but just feel like the company has squandered what has been given to them. Strategic acquisition? Really?

I do not like the fact that we still have an interim CEO. Either find a permanent CEO or make Lombardo permanent. The former, preferably, as Lombardo has not impressed me.

Even the employee stock purchase plan rubs me the wrong way. Employees get to purchase shares at 85% of fair market value. I feel like us shareholders are paying their salaries and now we also get to subsidize their portfolio. Bad timing..

I feel that the BOD is ultimately responsible for how the company is being run and I am not liking it. So, I am voting no for new shares, voting against every person on the Board, voting against employee purchase plan. May not accomplish anything, but it is a way to voice my displeasure.

Anyway, I have been in since before the split, and my capitulation level has arrived. Still somewhat hopeful but also disgusted and ready to move on. Hard for me to sell with a market cap hovering around $100 million.

So, I am riding it out, but not happy about it. Would love to see Lombardo pull a rabbit out of the hat.