Ayala Pharmaceuticals Inc (ADXS)

[raja48185]

Let us wait and see what the milestone payment is going to be. Will it be at least 20 million, or no more than 5 million or something in between.

I agree that PR was useless as usual, late and ineffective. When they could have stopped the bleeding of cash long time back by reducing workforce, they are now awake and realized that if left unchecked it can lead to catastrophe. If this is called as 'foresight' by management, then we are in for more trouble.


The PR mentions that the company has enough cash to last for 12 months, thanks to the cost cutting measures. Let us see if they can avoid raising money till early June, 2019. If I am not mistaken, Tony told us last year that they have enough cash to last till end of 2018 and then they sold 20% of the company to get less than 20 million dollars after accounting for fees. So take their word with a mountain of salt. Also,still waiting for the HER2 sale, since September 2017.