Ayala Pharmaceuticals Inc (ADXS)

[Simple Steve]

I agree they raise $25M max with this stock distribution, but I don't think that buys 4 months. More like 3 months max. Question is, why would they want to buy 3 more months at this time? Why not wait til after the proxy vote is tallied? Or is it possible they already know what the vote results will be? Anyway, they could be buying 3 more months to bridge a partnership as you say, or maybe they're expecting more trial results 2nd half of year and they needed more time so these results can influence a BP to partner up with us. But one thing this suggests to me, ADXS doesn't have anything in the works currently for partnership.