Ayala Pharmaceuticals Inc (ADXS)

[jckrdu]

Agree. IMO, market is pricing in statement below from the CFO made during the last conference call. IMO, no way she makes the below statement if a significant non-dilutive cash deal is around the corner.

Market IMO is pricing in more likely scenario of dilution before non-dilutive cash deal.
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"The key to our business is providing data to the oncology investment community in order to demonstrate the effects of our therapies. This is the most important goal of our company and one which we’re focused on daily. In light of this goal, we need to ensure the business is adequately financed, while also creating shareholder value. It’s this balance we continue to monitor and determine the best path forward to capitalizing the company.

As Ken mentioned, we have engaged the consulting firm to assist with our business development and collaboration efforts. We believe non-dilutive financing is certainly preferred, but also recognize these processes take time."