Ayala Pharmaceuticals Inc (ADXS)

[cdiddy01]

It's just a new narrative being pushed to spin the announcement, sprinkled with a bit of denial. A lot of people here thought AXAL was going for HUGE bucks.

I think Ken made the statement when he did for a couple reasons, none of which are related to strong arming BP:
1. He needed to show that the cost savings are real and tied to something tangible. Saying he's just cutting 24% of the wf without any details would lead to speculation.
2. He's saying to WS that we are now mainly a NEO/HOT play and that our prior candidate (filing included) is now behind us.

I believe it's a fire sale. We shall see though. Selling it with HOT does seem like the best possible outcome.