Ayala Pharmaceuticals Inc (ADXS)

[Keithz]

I disagree, I think it's clear that Ken came in and had a much different approach and strategy, the headcount reduction is most likely all Ken's idea and nothing to do with TL. His announced strategy is much different than TL, he clearly changed directions.



mmk....to each is own......If you think about it, Dan was fired and TL was inserted by the BOD. They had to of know the cash situation and changes had to be made (drastically). The first thing TL did was split the company into 4 franchises. By doing that, they were able to begin analyzing the cost and benefit of each franchise. That laid the groundwork to identify headcount reduction. These things take time and I believe it was identified last year. No offence but TL wasn't going to make a big splash as CEO, everyone knew that IMO. He was put in place to run the BOD's strategy until they landed a new CEO/CMO and now CFO. If I am the BOD, I put Ken in a position to succeed and get the market excited about ADXS again. Keep in mind we picked up a CEO/CMO about two months in advance. I think that is a good sign and deals need signed to get cash in the door. Hopefully good news to come in the next few weeks and Ken isn't starting from scratch. Need to remove the hold ...........