Ayala Pharmaceuticals Inc (ADXS): “. Cash: To me it is the only legitimate...

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Ayala Pharmaceuticals Inc (ADXS)

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Re: ignatiusrielly35 post# 98924

Saturday, 05/18/2019 5:41:00 PM

Saturday, May 18, 2019 5:41:00 PM

“. Cash: To me it is the only legitimate problem.”
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You got it wrong. The major and the most important problem is the management, or how the company has been mismanaged for years. The cash issue is the consequence of the mismanagement: cash burned on trials that were terminated without any fanfares, manufacturing facility, outlandish compensations and benefits, and etc and etc. I am. Or even sure if this management can resolve the cash issue albeit they cut the cash burn rate few months ago. Now it looks like the burn rate will be ramping up due to NEO and HOT. Sigh.

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