Ayala Pharmaceuticals Inc (ADXS)

[ignatiusrielly35]

Management will have to virtually document the logic behind completely rewriting the warrant agreements to essentially lower the strike price to -0-. They did not do this for no reason, or out of some malice toward shareholders. They will never admit—if it’s the case—that the existing warrant holders extracted this agreement as an extortion payment for agreeing to buy another offering. And because they could never admit that they did so, it would be impossible for them to “apparently” give away these shares as a bribe while having no plausible “public” explanation for the giveaway. There is something more to this story. I have never seen this done before, and nobody else that I know has seen it either.