The bottom line is, that company raised money knowing that they were about to be bought out. It raises serious ethical and legal questions that they did that. But that is what happened. The far safer way to do it legally would be to not do a private placement that steers cheap shares to the known imminent acquirer. In other words, a public offering. I do not believe this is the plan with ADXS. I am only saying that it is not impossible. IF they were in talks but would run out of money before the deal may be completed they would have no choice but to raise cash.
News 
Market Data 
Discover 
