Ayala Pharmaceuticals Inc (ADXS)

[Gantor50]

I agree with this. In my view a NO vote on the share authorization means you might as well sell your shares now, because you are seriously hamstringing the company going forward, whether it's Lombardo or a new CEO.

Yeah, I get the anger and frustration.

I think this BOD has a track record of 10 years of failure. There is no way they should not be forced to resign (most of them) based on the mistakes they have made or allowed to happen. I think senior management is bloated...but still overmatched by the circumstances they face.

I think this company has failed to provide strong fiduciary oversight of the funds they have had available to them over the last 3 years. At the same time they now claim they are worried about being labeled a "going concern" they don't seem to be so worried that they can't find time to justify more raises for themselves. I know $150 Billon dollar Pharma companies that have cut free break room coffee services to save $50K-$100K during difficult times.

But at this point trying to starve the company of authorized shares is like a miner trying to dig himself out of a collapsed mine and then us telling him to tie one arm behind his back while doing so.

At this point, even though I don't like it, I am in for a penny, in for a pound. As disgusted as I am by these guys, voting YES on the share authorization isn't even a difficult decision. Sure they might screw it up, buy every public company needs authorized shares to operate.

JMO.