Ayala Pharmaceuticals Inc (ADXS)

[cab033]

I have read this many times here but never asked the question. If you spend $6.5M per month and you have current liabilities of $20M and another $15M in long term liabilities (not debt), how do you survive?

Easy answer is sell stock. But is that feasable to do at/under $1? How long until it is back on the OTC pink sheets and still blowing through tons of cash with no product or revenue. What is your plan on surviving and not filing bankruptcy at that time? Just currious if you thought this out or just think filling bankruptcy is impossible without having debt?


FYI a creditor from debt, AP, employee, of other, all have the right to file suit for their payment if not received timely, and with no cash in the bank, bankruptcy is a strategy to possibly save the company. So it is possible even with having "debt".