Ayala Pharmaceuticals Inc (ADXS)

[equaloppforall]

I believe this is not an offering to raise money, instead it is a ransom payment of millions of low priced shares to allow the manipulating hedge fund shorts to close their positions extremely favourably. I don't think there should be any doubt that the company is working in collusion with corrupt funds, even granting that it may eventually benefit retail shareholders (for a short window).

While I expect a significant rise in PPS from here (may be in a month or so), I am no longer confident about an organic rise similar to companies like KITE, JUNO and PBYI, as I expect these funds to start manipulating once again after a period of PPS increase, just like in 2015. I hope I'm wrong about the second part but this is not what I was expecting from Lombardo.

Once you start officially rewarding crooks in the market, they will never stop. "Investing" in small cap biotechs going forward is looking like a bad idea in the HFT era, I think I will permanently move towards trading only. I'll reserve "investing" for blue chips. In more than 3 years, this is my first true disappointment in the actions of the company even if I had minor quibbles before.