Ayala Pharmaceuticals Inc (ADXS)

[Gantor50]

Agreed. We will know more in a month or so either way.

I have personally been a part of 5 M&A events. 5 out of 5 times the "retention bonuses" were paid to key individuals they wanted to retain for a period post M&A, to help with the transition...or wanted to retain pre-M&A while it was known the company was actively shopping itself to keep the business running smoothly.

However, this is the ADXS BOD we are talking about. So no guarantees they just weren't in panic mode when they decided to, or were forced to, terminate DOC and didn't want the place to crash and burn from a mass exodus of senior management. When those bonuses were given out it may have just been about business continuity and an attempt to firm up the PPS at that moment, with no specific future M&A event discussed or planned.