Ayala Pharmaceuticals Inc (ADXS)

[jckrdu]

"Next dilution, $5 - $10 million possible?"
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Sure, it's possible. There was a reason they didn't proportionally reduce the authorized shares as part of the reverse split. Plenty of shares available to be issued. This time, IMO, the next capital raise (whenever it comes) will include warrants with a 5 year term. Shares likely issued at a discount, with free warrants thrown in to entice buyers. Buyers keep the warrants and then dump the stock, as we've seen before.