Ayala Pharmaceuticals Inc (ADXS)

[ubmmg]

New CP is up:
https://www.advaxis.com/static-files/4ec9466a-4000-498e-ab5b-743641551646

I can't believe this company with a headcount of 20 burns more than $11M/year -- that's over $550K/person per year in G/A expenses! That's insane!
They're burning almost $27MM/year, while their cash is just over $33MM. They'll be running another secondary this summer, at the latest. Share count is going to balloon to 200MM. Think of that! This is after how many reverse splits? Does anyone keep the count?

Operating Expenses for the Year Ended October 31, 20201
Research and Development Expenses2 $15.6MM
General and Administrative Expenses2 $11.1MM
Positive Cash Balance Anticipated Into Fiscal Q3 2022
Cash, Cash Equivalents and Marketable Securities, as of January 31, 2021 $ 33.3MM