If you assume that ADXS canceled the warrants in exchange for giving away free shares based upon a mere hope that the warrant holders would buy another offering than you would be correct. That would not be an "agreement" that would have to be disclosed. If there is any agreement, whether in writing or verbal, it would have to be disclosed. There is no way that ADXS is stupid enough to take such a radical step of giving away 12 million shares based on hope alone, contrary to what some here may claim. And they will claim, no doubt. But it's nonsense.
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