Ayala Pharmaceuticals Inc (ADXS)

[mortmann]

Molly isn't getting paid a boatload of cash to sit on an Invoice that is an A/R. If its me, its ready to send out immediately on completion of the terms. The question is whether any $$ is due. As for timeliness, net 45 as of today we are at July 21 for payment. July 31 is EoQ3. Despite contract language, big companies, in my experience anyway, a/p policy is governed by their own controls and schedules. The variables are legion, but after being in the system and knowing exactly what is required for a valid Inv, its mostly how close our a/r is with their a/p staff. Most Cos with a decent relationship with suppliers are in the 45-60 net range. So it is very possible any a/r will remain in this Q that way unless a check is deposited. Again, we know AMGN is good for it, its about whether they're contractually obligated at this time.