Ayala Pharmaceuticals Inc (ADXS)

[Simple Steve]

When we were discussing the authorization of new shares I expressed concern these new shares would be issued and thus drive down the share price and she said it's just normal business practice to have around double extra shares authorized so they can have leverage. I then pointed out new cash would be needed by end of year and asked how I could be sure ADXS wouldn't raise this new cash by issuing the new shares. She said she couldn't give me a promise like that. She then said they would rather not dilute, that they'd rather raise money through other ways, but there are no guarantees and everything is on the table, including issuing new shares. I don't believe that is inside information. She didn't come out and say they would issue new shares, nor did she intentionally give me any hints or clues. And I never got any idea from her that they would issue new shares in the following week or two. I just felt uneasy by the way our conversation went, that I didn't trust them. I got the feeling that they wanted the shares for more than just leverage. Maybe it was intuition, but I picked up on something which made me feel I should sell.