PART
III—NARRATIVE
State
below in reasonable detail why Forms 10-K, 20-F, 11-K, 10-Q, 10-D, N-SAR, N-CSR
or the transition report or portion thereof, could not be filed within the
prescribed time period.
Advaxis,
Inc. (the “
Company
”) cannot
complete its Form 10-K within the prescribed time period because the Company is
experiencing delays in the collection and compilation of certain financial and
other information required to be included in the Form 10-K. In accordance with
Rule 12b-25 under the Securities Exchange Act of 1934, the Company anticipates
filing its Form 10-K no later than fifteen calendar days following the
prescribed due date.
PART
IV—OTHER INFORMATION
(1) Name
and telephone number of person to contact in regard to this
notification
|
Mark
J. Rosenblum
|
(732)
|
545-1590
|
|
(Name)
|
(Area
Code)
|
(Telephone
Number)
|
(2) Have
all other periodic reports required under Section 13 or 15(d) of the Securities
Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during
the preceding 12 months or for such shorter period that the registrant was
required to file such report(s) been filed? If the answer is no, identify
report(s).
þ
Yes
¨
No
(3) Is
it anticipated that any significant change in results of operations from the
corresponding period for the last fiscal year will be reflected by the earnings
statements to be included in the subject report or portion thereof?
þ
Yes
¨
No
If so,
attach an explanation of the anticipated change, both narratively and
quantitatively, and, if appropriate, state the reasons why a reasonable estimate
of the results cannot be made.
The
Company expects to report a decrease in net loss of 29.6% to approximately $3.8
million for the fiscal year ended October 31, 2009 from a net loss of
approximately $5.4 million for the fiscal year ended October 31, 2008, due in
part to the recognition by the Company of a $1.4 million gain on a change in the
value of the Company’s warrants and embedded derivatives.
