Replies to post #83169 on Ayala Pharmaceuticals Inc (ADXS)

[Bourbon_on_my_cornflakes]

"MANAGEMENT knew the AMGN deal terms... why did they BURN $200M so fast and then dilute at $1..."

Lawyers and doctors cannot calculate burn rates....they figured they could just keep hitting the dilution ATM. They didnt realize the ice was melting under their feet until they fell through it. And the CFO was a lackey.

lack of professional management is the achilles heel of the ADXS horse.

I said all the deals should have been structured to take the financing of an individual indication away from ADXS and to the partner. instead ADXS took it on, along with the cost of the white elephant plant, thinking shareholders would pay for it all.