Ayala Pharmaceuticals Inc (ADXS)

[ubmmg]

The post-secondary "settle out" share price will depend on several factors:
1) Price of the offering;
2) Price of the warrants (2x,3x although JS disagrees with these multipliers -- it's the only door that could be open for ADXS now);
3) IV of the stock -- plug into Black-Sholes model, and you get the final target.
I see the settle out price in low 1s. This is unmitigated disaster...