Replies to post #58351 on Ayala Pharmaceuticals Inc (ADXS)

[ignatiusrielly35]

In this situation Jefferies would simply be distributing the additional 800k offering shares before they receive them, by shorting. Standard procedure. It has nothing to do with their own account. Although you are correct in that they could exercise the over allotment option and keep the shares for themselves. Interesting that they were buying leading up to the offering.