Ayala Pharmaceuticals Inc (ADXS)

[Bourbon_on_my_cornflakes]

Dilution within 6 months

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.

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

So within 6 months, they will be down to 6 months of cash, the going concern light will turn on, and the dilution will be issued.

figure 150m new shares at $0.30 to get another years cash.

so long term shareholder will be diluted to less than 25% of their original ownership

shares tanking, down 3% already