Replies to post #68301 on Ayala Pharmaceuticals Inc (ADXS)

[fbg0316]

IMO the best course of action for Berlin would be to sell the company outright. He should be able to get at least 300-500m/$6-$10 for ADXS' pipeline and kate stage assets. The reality is that the cost to sustain the company now is too high because of the poor management under O'Connor for four years, as investors said with the $2 offering they require a massive discount to give the company more money

[Bourbon_on_my_cornflakes]

Define [sophistry] "Bankruptcy and failure to continue as an operating entity are two completely different things"

in the context of ADXS, if they can't make payroll and cease operations, they are bankrupt...whatever you decide to call it. Either way, they run out of money and shareholders are screwed.

This kind of sophistry is why people hate lawyers.