Ayala Pharmaceuticals Inc (ADXS)

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Google Tobira sale, very complex encouraging sale with contingent value rights that put the sale at up to 19x the stock price at the time of the deal. The stock moved up 700% in response. Hopefully Tony is negotiating this type of deal which gets us our fair value price around $20/$1b. It's reasonable to see it happening because the company and platform is worth that much of it weren't for years of poor management and value erosion under O'Connor, and on an absolute basis $1 is relatively small and justifiable to a BP given the breadth and versatility of our platform.