Replies to post #83871 on Ayala Pharmaceuticals Inc (ADXS)

[Bourbon_on_my_cornflakes]

A reverse split that put us in the $5-10 range would only leave us with 3-6 million shares. We would be too illiquid for any tute to buy in.

What will happen first is authorization in the proxy for another 100-150 million share dilution, followed by an offering for that number. At say $0.30-0.50 per share that would get us one year of operating cash in exchange for selling 2/3 to 75% of the company for peanuts.

At that point we have 160-210 million shares outstanding,and a 1 for 10 or 1 for 15 reverse split gets us to $5 per share.

But first the dilution, then the reverse split, which will probably be authorized by a separate proxy later in 2019