Replies to post #96729 on Ayala Pharmaceuticals Inc (fka ADXS)

[tj1912]

James,
Why do you trust this company?

[Keithz]

James,

I didn't see them call out AXAL with the other products for using the proceeds on from the offering. Thoughts????

[attilathehunt]

““We estimate that our current cash, cash equivalents and investments, along with the net proceeds from this offering, will be sufficient for us to fund our operating expenses and capital expenditure requirements through the end of 2019.”

This will create more uncertainly. 2019 is 8 months away. Then what? KB planning to leave and let yet another CEO an opportunity to blunder?

[ignatiusrielly35]

That would be a very small cash raise. Makes me wonder if they anticipate some other source of cash, if that is all they raise. They may feel that they need to raise now to avoid a “going concern” status in the next quarterly report.

[MadCityCyclone]

They can't raise a lot of money. The tiny market cap precludes a large raise.

[Donjayouworry]

Intrigue!

[mpreorder]

I take this to mean they'll be another round of dilution around Aug/sept.