Reading between the lines, the only action that would appear to be unlikely would be a Total Buyout. Partnerships, licensing deals, or other ways to capitalize still fit nicely with their actions to staff up. A Total Buyout where the Buyer would run Advaxis as a separate independent division, and not integrate the company into the rest of its operations is possible but seems less likely.
Don, I agree with your synopsis......I would through out that if ADXS was bought out, the purchaser may keep them as a separate entity due to their unique technology.....my 2 cents....