Ayala Pharmaceuticals Inc (ADXS)

[Harold_T_Solomon]

No more BS-talk about "imminent/near-term bankruptcy"

Per the second quarter results:
"...Net cash used during the six months ended April 30, 2019 was $11.4 million. As of April 30, 2019, Advaxis had cash and cash equivalents of $33.7 million, which includes $9.0 million in net proceeds from a public offering completed in April...."


**** Math 101 Lesson ****
Let me see, 11.4/6 = 1.9, so 1.9 million per month
And they have 33.7 million on hand, so 33.7/1.9 = 17 months

17 months of cash at current burn-rate or about a year and a half. And they are continuing to look for ways to optimize burn-rate. Remember all of the talk about bankruptcy just around the corner, etc. etc.?

All donkey dung.


Link:https://ir.advaxis.com/press-release/advaxis-reports-second-quarter-fiscal-2019-financial-results-and-provides-pipeline

p.s. Incidentally, looks like the market snoozed the news, based on after hours. Also, this validates what I learned from IR. In other words they told the truth.