As I said, if there are no deals all you can really conclude is that no BP was willing to pay what ADXS believes it is worth. Nothing more.
Yes, you are right. The conclusion indeed is that no BP is/was willing to pay what ADXS believes it is worth. So no deal on ADXS terms, if any; and no deals to the liking of ADXS means no money coming in via deals which further means Ken has to think of a capital raise when the pps is at this level. My understanding is that if Ken does a capital raise(and I agree we do not know yet if he is going to), he will have to offer a discount to the parties buying the shares, or is it that 'ADXS management believes that its pps is worth a lot more than the current pps' and hence the offer terms are going to be such that they want to offer shares at double the market pps during the offering time?
ADXS believes something, BP believes in another thing and the market believes in a totally different thing that you see for real.
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