One thought that did occur to me is perhaps the BOD’s thinks it needs additional votes for a reverse merger or a buyout
Who would not approve of a buyout or reverse merger at this point? Other than maybe yourself and the employees at Advaxis, I can't think of anyone. Advaxis is in a terrible situation at this point and most people have lost fortunes and new money would take a quick buyout any day...
I still believe they were forced to do it to get the same people to buy in on the next round. The warrants were worthless so they gave them shares for free.
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