Ayala Pharmaceuticals Inc (ADXS)

[ubmmg]

magical about that $15 million

Their ability to raise funds in the equity markets will be extremely weak, almost impossible. Even payday loan sharks will be refusing their requests for cash.
It's the collapse of MC is the real disaster. Recall Ken had to sell ROSG for about $10M before jumping the ship for ADXS. The deal fell through and then, voila, a bankruptcy. He's repeating the same vicious cycle here now. He ran two secondaries already, about 20M first time, and 10M this time. The amount get cuts by a half. He cannot keep doing the same crap time after time. They need to either sell parts or everything altogether. Their value keep dwindling as the time passes along. Time decay is very critical if nothing of value is delivered. The clock is ticking, and we have not seen anything positive yet for a long while now.