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DewDiligence

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DewDiligence

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Re: DewDiligence post# 221869

Friday, 11/02/2018 11:24:47 AM

Friday, November 02, 2018 11:24:47 AM

Post# of 252488
Re: ADXS liquidity

Based on today’s CC, the company's guidance for annualized cash burn has been lowered to $45M.

ADXS’ current cash balance is $59.2M less whatever was burned during the fiscal quarter ended 10/31/18 (#msg-143423885, bottom). Assuming ~$14M of cash burn during the fiscal quarter ended 10/31/18 (#msg-143474369), ADXS’ cash balance at 10/31/18 is about $45M.

Thus, ADXS now has about 12 months of operating cash.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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