Ayala Pharmaceuticals Inc (ADXS)

[Gantor50]

FBG,

I'm still not convinced these 5 people are actually gone? We have no confirmation of that yet do we?

It's definitely odd, like so many things going on with this company right now, but I think we need to at least remain open to that benign reason just being an adjustment to a PowerPoint deck.

Even if they are gone I am not sure it's because of a buyout either, unless they were given a deal that saw all their Options and RSU's vest immediately. You can't fire senior management "before" a buyout unless you give them the same deal to walk they would get on the day a sale closed. If you do you will be facing a lawsuit you will likely lose.

I would rank the options in highest order of probability...

1. They are all still there (60%)
2. They were let go to reduce costs (30%)
3. They were given a package in advance of a buyout (10%)

Ironically, #2 would not be a positive in the long term. Cutting costs by shutting down R&D and trials in the franchises farthest from commercialization, and gutting senior staff and important organization may save money now...but is akin to the movie Apollo 13 where the crew has to start scuttling and discarding parts to cut weight so they can try to survive a 1 way trip back to earth.