Ayala Pharmaceuticals Inc (ADXS)

[Keithz]

Your second point implies they won't have to raise cash until 2Q19, which is not true. They raised cash now because if they didn't, from am audit standpoint, they would have to report they are a "Going Concern" so the $2 raise bought them another 3-4 month before they need to bring in more cash to have at least a years worth and doing another dilution at this stock price would be catastrophic to sharehdoler value even more than the last dilution.


FBG - Good point. If you think about it the timing (3-4 months)corresponds with Tony's comments about a new CEO/CMO by mid year. So one would hope they know they will have a sufficient cash deal around that point in time. Why would a new CEO want to come into a company where they dilute the company twice in less than a year for peanuts and ultimately are still running on fumes. I just don't see that being the case. Even if AXAL is approved it's not going to provide enough funding for the company to survive initially anyways.