Replies to post #5057 on Ayala Pharmaceuticals Inc (ADXS)

[CATTDOGG12347]

We didn't need the money mastiffs, even James who is usually very reserved agrees with that point. The company had cash reserves to last 2 years with a cash burn of 5 mill per year. The money could have been raised at a potentially much higher share pruce.

[James salmon]

Mast, the money was not need. 78 million plus the 65 million we got from Amgen, so there really was no real need to add another 30 million at this time. It will be interesting to see who investors are when filings come out.