Ayala Pharmaceuticals Inc (ADXS)

[Biotechtrader07]

Just looking back to the letter to the shareholders from the CEO. Any ideas as to why he would put out a letter like this. This comes after carrying out a RS and then selling stocks at a ridiculously discounted 3$ a share when the stock was at 10$ the very next day. After that further diluting a few months later. It's crazy that he blames the whole thing on the market when the company itself sold itself short. I mean does he think that dilutions bring up the value of the company?

I mean its kind of silly that the stock has gone down 98% the last year and he blames it on the market. Saying it's a normal part of the cycle, so called ebbs and flow. It's as if he is speaking to a bunch of clowns.

Not sure what the intent of this letter is in all honesty but I would appreciate any input from you guys.