Ayala Pharmaceuticals Inc (ADXS)

[Dragon Lady]

Quote NO, "The going concern test is conducted by the auditor only once per year—at the end of each fiscal year. Since this week's offering enabled ADXS to avert a going-concern qualification in the end-of-FY2017 auditor's statement (in the FY2017 10-K due out soon), ADXS has no further exposure to this particular problem until the end of FY2018 (10/31/18).
"

Uh...NO...their 10-K for fiscal yr 2017 WAS ISSUED AND POSTED TO THE SEC on 12/21/2017....their fiscal yr 2017 ended on Oct 31st, 2017.

The above original statement is TOTALLY WRONG and makes no sense ???

Their next SEC FILING, will be the Q-1, fiscal yr 2018, FIRST QUARTERLY REPORT, UN-AUDITED 10-Q, due in a few weeks.

https://www.sec.gov/cgi-bin/browse-edgar?company=advaxis&owner=exclude&action=getcompany

EVERY SEC FILING THEY HAVE.

And this is the ALREADY ISSUED 10-K. The "GOING CONCERN" stuff is total NONSENSE. Their 10-K was out and DONE. NO RISK of any "Going concern" at this point in time, totally false. 10-Qs are UN-AUDITED and the 10-K was, and is DONE as of Dec 2017 and behind them. Next audit is after Oct 31st, 2018...and that 10-K won't be issued until around late Dec this year, or even Jan 2019.

https://www.sec.gov/Archives/edgar/data/1100397/000149315217014889/form10-k.htm