Ayala Pharmaceuticals Inc (ADXS)

[ubmmg]

Hovacre,
First, thanks for the effort to write the article. It’s a good read, even for a GED holder.
Next, you indicate that you wrote the article in the morning likely just after the PR. However, it was posted only after the close. Why the delay?
Finally, you talk about $10M for the deal ( or, something of that order). Was it the total amount or upfront payment? I know the details were not disclosed and it’s all speculation. Just trying to see your view on it. I personally estimate the upfront cash not to exceed 1/2 million dollars.
Thanks for clarification.