Replies to post #95041 on Ayala Pharmaceuticals Inc (ADXS)

[ignatiusrielly35]

Yes, that’s what I meant, Dew. The lowering of the exercise price for unexchanged warrants is a mechanical act.

[DewDiligence]

There are only 1.3M warrants (the 14.2M originally issued minus the 12.9M swapped 1:1 for shares) affected by the $0.30 exercise price in today's 8-K filing.

[mm2k]

What happened that required them to lower the exercise price?