Ayala Pharmaceuticals Inc (ADXS)

[ubmmg]

I am afraid you misread my post. I did not mean or imply any explicit manipulations to burn the warrants. I personally do not care about warrants unless they bring a much desired cash into Advaxis' coffers. Maximum they might yield is $15 if fully exercised at $5. It's about one quarter of cash burn for the company. If the exercise price is reduced below $5, we get much less. It also would show a weakness of the company, at least in the near term.
No law-abiding company's CEO/BOD would deliberately hold back the material news for someone's personal benefits -- it's a criminal act as far I as know. I do not expect Berlin would do that just to burn the warrants and then release a news and run a secondary once the share price is higher. I only expressed my opinion that it would be preferable for the company shareholders to raise cash at a secondary market if the share price is (much) higher than $5 rather than just exercising those warrants. That's all.
I believe the focus on warrants is way overblown.