That's about my thinking too. Lombardo is the CEO and we won't see another come too take his place. His experience trumps a lot of others out there and in Dan's heart he knew something had to be up with that hire.
Solid, Banks Reads just about right. The narrowed focus of the trials brings also into sharper focus the odds of success. My estimate is now 60-40 towards success. It possible the board, all members sitting on nice chunks of shares decided it is time to capitalize and they find DOC incapable
Nice post Bank. I also wonder if perhaps Mayes was also asked to resign. Duke was brought in shortly after Mayes left. What is interesting is that in the 8K on Dan leaving there was a specific comment that Lombardo was not related to anyone on the Board. I say this because Mayes was 2nd in command at ADXS and Dan out both himself and Mayes on the Board and according to some posters Mayes is Dams brother in law
Banks, one potential hole in your theory has to do with your comment below. It's not clear whether Lombardo was a "board" hire or if the board has any connection at all to the Channel Group. Before Lombardo was at the Channel Group, he was worked with O'Connor at Bracco Diagnostics.
"- Soon after Lombardo was brought on, another board hire. The board obviously had some connection to the Channel Group where Lombardo is a partner."