Ayala Pharmaceuticals Inc (ADXS)

[blueyedcatch]

12 million a qtr,not a month. This money buys 4.5 months at the current burn,and the company is going to reduce it further.When they start NEO more non dilutive funds will be adding to the runway. PSA phase 2 is done,no more burn there. Merck needs to pony up for phase 3 with a strong partnership agreement,with big money upfront. Merck would`nt make a strong deal with us for PSA,which is on the table currently,if we did`nt have enough cash to further operations more than a year going forward. This move made by MNGT was late,but they had no alternative if they want to secure strong partnership deals going forward. Plus now we have enough money to get us through the EMA decision for AXAL,wish is far less weak then we were a week ago. The strong hands that bought the 10 million shares are now major stake holders,and will support the upward movement that`s about to take place,finally..