Ayala Pharmaceuticals Inc (ADXS)

[cdiddy01]

Isn't that an extreme conflict of interest? Sell 20% of your company at all time lows and let us help you on that. That is not rational advice and there's no evidence that this would help unless they (ADXS) were in on it. These conspiracies help the narrative that this was all planned, yet the most obvious answer should be the right one. Uncertainty was rampant, a late stage deal fell through, going concern issues were coming up, thus they sold enough shares to mitigate that problem and maintain a reasonable cash balance. Not to mention they tapped the ATM prior to this, they were obviously looking for cash. All IMO.