Replies to post #70089 on Ayala Pharmaceuticals Inc (ADXS)

[mm2k]

Was that calendar Q2, or ADXS Q2? ADXS Q2 would be calendar Q1.

Also wonder if that time frame included expected milestone payments.

[ubmmg]

James,

Yes, the most recent 10Q states they “have cash to operate into calendar Q2/2019”, while three months before the stated “into 2019 financial year”, which starts 11/1/2018. This is after they raised $18.8M last February. Something doesn’t add up between two statements as their cash burn is $20.5M, and I think calendar year was meant a financial year. Again, it’s just a forward looking statement made by former CEO and CEO.
You can do math yourself. I bet you have degree higher than my GED.
@wmtgreeter