Ayala Pharmaceuticals Inc (ADXS)

[Simple Steve]

I agree Easy. They're not blind. They could see the share price drop day after day, week after week. And they had already PR'd their trial results news and the Europe news and neither made much difference in the SP. And I'm guessing they didn't have any other good news coming in the next few months. And they could see the handwriting on the wall with a "no" proxy vote. And a "no" vote would drop the SP even further, so they basically had to issue more shares now before it dropped in the low 2s. That's why I sold all my shares 2 weeks ago at $2.84. I was very worried about a dilution, especially with them wanting to authorize more shares. I posted my worries about this on the board but some people said things like "just because they authorize more shares doesn't mean they will use them" and "we are fools to vote no. the only reason ADXS wants new authorized shares is because of leverage." Sorry, that didn't make me feel comfortable. So happy I sold. Bought a lot of it back today at $1.84. I saved exactly $1 per share. I'm sorry for those of you who got caught up in this scam.