Ayala Pharmaceuticals Inc (ADXS)

[cdiddy01]

Yes, I was here for the proxy vote and ended up voting NO on the additional share authorization, knowing all the while it was going to pass and my vote was nothing more than a symbolic gesture. I was protesting the utter lack of even the most basic fiscal discipline in the company. I have seen it far too many times, where a new company gets a taste of cash and then decide they're invincible and try and build the next Taj Mahal with it. It's reckless and I'm of the opposite mind set than many here, I actually think the market worked the way it was supposed to. It cut off the insanity and limited the companies access to additional capital until they could show a tenable game plan. This was done AFTER they had already supplied the company with 100's of millions of dollars (which no one ever mentions when discussing how the market is to blame for all this). The whole Tony debacle only exacerbated it, and was a large reason for why the short attack was so successful and lasted for so long. Now I'm just praying they cut more and we wait until NEO data shows up positive, but my hopes for this company have never been met.