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MrDanMan

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MrDanMan

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Tuesday, 10/08/2013 5:43:47 PM

Tuesday, October 08, 2013 5:43:47 PM

Post# of 108192
Imminent Uplisting to NASDAQ

http://seekingalpha.com/article/1734972-advaxis-s-1-filing-foreshadows-imminent-uplisting-to-nasdaq

Very informative article released on SA talking about future of ADXS and potential uplisting.

The S-1 filing (Sept 27th) announced company has applied to uplist shares on NASDAQ. However, before that can happen ADXS needs shareholder equity of at least $5million to meet the requirement. To reach this, ADXS would need to raise approx $12 mill.

This "dilution" is a necessary move to advance the company forward. Assuming ADXS is uplisted, liquidity and the validation of being on the NASDAQ will give the company leverage in any partnership negotiations.
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