Ayala Pharmaceuticals Inc (ADXS)

[ignatiusrielly35]

Yes, it is still crazy. There is no reason to give away shares for free instead of having them purchased from you at a split-adjusted price. ADXS will have to explain some day why they did it. They can’t say “we had a general hope that this unilateral, voluntary gift in our part might induce the warrant holders to buy our next offering.” Now, if there is an actual agreement on those terms that would be acceptable. But such an agreement would have to be disclosed.