Ayala Pharmaceuticals Inc (ADXS)

[gbrown6332]

Livinginawesometown... Appreciate your countervailing rationale and in a world where small shareholders voices mattered and there was a scintilla of trust in management, more of us would be willing to give ADXS leadership the benefit of the doubt. Some context may be in order.

In all the years I’ve held the stock, not one proxy proposal has been defeated, management has won every vote on every proposal. The only time it was even close, Dan O’Conner was pushing through an obscene increase in executive compensation in 2014 / 2015. After getting lots of investor blowback he simply held up the proposal, issued more shares and won the vote by overwhelming old shareholders with votes from new ones. His “all in” compensation the following year jumped to $15M.

The current precarious state of the enterprise is certainly not due to activist small investors denying leadership from getting everything they’ve ask for to run the company.

The irritation expressed on this MB, and the defiant “no” votes including mine, are purely symbolic. We ankle biters have yet to win a proxy battle and we all know we’re not going to win the current one. The outcome is predetermined.

G.B.