Ayala Pharmaceuticals Inc (ADXS)

[hovacre]

A reverse split, in itself, does absolutely nothing to the market cap. Bringing in an example of another company that collapsed post-split is totally irrelevant, because CLRB's situation is not the same as ADXS's.

The fact that you can make these self-assured statements about the future should give you a lot of pause, in my opinion. Whether you're swinging between the extremes of "how can this be legal let's go kill the managers" to optimism that can't be shaken...it's all a recipe for poor decision making.

The fact of the matter is that a reverse may be necessary to remain listed. They don't have control over when data become convincing enough to attract a partner. They don't have control over other parties' interest.

And yes, the ask for the authorized shares to remain whole spells a risk of dilution, one that will likely come to fruition at some point in the future.

Everything else aside, it seems that there are a lot of shareholders here not comfortable with remaining out of control in this process. But part of the risk here is that we accept that we don't have control over what management does. Meanwhile, guys like Berlin are betting their careers on this, hence why they're compensated with shares.

And you're right I wasn't a holder when there was a 1:125 split. I've been through similar with other companies, though, and there's no one to blame but yourself when it was your decision to stay put. I accept that responsibility here, and everything that I continue to hold is held with the understanding that there is a LOT that can still go wrong for ADXS, even if their science is great.

It should be illegal for Adxs to even do a reverse again to shareholders. Why is`nt it?

On what basis should it be illegal? Your personal pain?