Just to make myself clear, we may not see an immediate surge in the PPS. In fact we should expect the shorts to attack this hard. So this isn't about today.
The key to this announcement is that the timer on the pressure cooker has now started. The shorts realize their opportunities to cover at this low level may be coming to an end. And companies that ADXS is negotiating with may feel some added pressure that the competition could be raising their bids soon.
This is why I am voting YES to the share authorization and NO for every BOD member.
Now is the wrong time to do anything to restrict Lombardo's negotiating leverage. He is engaged in a very complicated game of chicken right now. We need him to win.
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