Ayala Pharmaceuticals Inc (ADXS)

[ubmmg]

The entire management has proved once again their shortsightedness (borderline stupidity) by betting on AXAL EU horses, draining dozens and dozens of millions of our hard earned cash into a sewer and now killing that application just 5 months later.
Buying the shares in open market was likely an act of collective desperation. They issued lots of shares to themselves, so why not pour a fraction of what they make to show a "support for the company". Note that Wall Street was not overly impressed by those buys. They need to do much more than take those "go-and-buy" orders from Sidransky or Berlin, whoever ordered that.