Replies to post #103597 on Ayala Pharmaceuticals Inc (ADXS)

[Bourbon_on_my_cornflakes]

if you run the offering/warrants/pricing through the Black-Scholes model, you'll likely come up with the real price of offering at just below 0.70.

Yep. Said that on the 21st:

With the free warrants, the real price of this offering is $0.70 a share, and the underwriters won't hold this above a buck for long, should trend back to .70 or lower. Already it is starting to slip.

Glad someone else is on to this shell game: