Replies to post #80550 on Ayala Pharmaceuticals Inc (ADXS)

[cdiddy01]

Forgive the ignorance, but how does that price point matter in maximizing the value for warrant holders? That target price was derived from taking the per unit price (1.20) and reducing it by .85 of the warrant price using the Black-Scholes model. The only way they gain on the warrants, to me, is if it goes above 1.50 and they can cash them in as the warrants are not tradeable. Of course they have a 6 year life as well..