Ayala Pharmaceuticals Inc (ADXS)

[mypekeispooped]

James, I am inclined to be of the same opinion. I had thought, at first, the shares were being issued to allow the shorts to cover. The amount of shares to be sold seemed to coincide with that theory. However, if two big funds bought in, that rather throws off my first thought. I believe the raise was done to ensure the new CEO (yes, I believe we see an announcement before the meeting) has more of a cash runway when he or she takes the reins.