Replies to post #39942 on Ayala Pharmaceuticals Inc (ADXS)

[JB-22]

Wrong. I confirmed with Hans that they do have to disclose being over 5% owner

[JB-22]

Confirmed today

[BarrellofHay]

Very interesting. They sold shares to cover initially over the last month or so to get almost exactly under 10% ownership so as to hide all future covering from Form 4 notification. Very crafty. Everything is designed for maximization of a short covering including the time of year causing extra selling for tax losses

[James salmon]

Actually they do have to file if the sell more than 1% of company's total stock there was along discussion on this a few days back.