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Maybe but Missling absolutely asked for the lawsuit to be filed with his dismal communication skills. When Mike Tyson is trying to take your head off you don’t put your hands down by your side and say “take your best shot.” I’m hoping some of the arrogance has been beaten out of him. If he is at all introspective he knows this is his fault.
At least Bishop had the balls to bring it up. Not too happy about it? Get the EMA submission done. How about 2 shifts working continuously until it’s done. People are dying A-hole or did that slip your mind?
Missling is arrogant and aloof and his response is proof of that. I just hope we can survive this guy to get this to market. He lacks the drive and acts like a career student probably because he’s getting $850,000 a year and a crapload of options. News flash genius. We’re now in the right place at the right time but it won’t last that long and others are coming fast. We need to MOVE and MOVE NOW!
That 73,000 share sell recently at 5.19 by Missling looks great for the lawsuits right now. I want him deposed under oath so he will either:
A. Lie and go to jail
Or
B. Tell the truth for once and lose his job which should have happened a long time ago.
Aside from raising money he has been a complete disaster. Screwing up the Rett Excellence trial has cost us years and allowed the shorts to demolish the stock. If people actually believed him there might be some support but no one does and we’re no where near bottom now. Go ahead and throw more gas on the fire Missling you really couldn’t have done a worse job and from what I can see your days are numbered, or if they aren’t they certainly should be.
Good idea. Even the a#%ss kissing board of directors has to be PO’d at this point. Their options are either worthless or dramatically reduced in value because of his failed leadership. There is leverage now to get them to act.
You need to stop. As long as you keep this up the stock will go nowhere. Time for some real perspective George. A watched pot never boils. Corny but true.
I think you’re spot on about the Rett trial results. He knew the peer review and EMA submission would take a long time and thought favorable Rett results would bolster the company and the stock in the mean time. Instead we’re getting hammered downward and there’s a crapload of lawsuits. The schizophrenia trial seemed like a desperate attempt to fill the void to no avail. He’s out of his league right now and the stock is going down with no real support. I wonder if he ever even thought about plan B in case his desired results went south. He’s a real amateur and it’s glaringly obvious now. On top of everything else he’s very unpopular with retail because of his arrogance and lack of communication. If it was just retail voting he’d be gone in a heartbeat. I sold almost everything here a while back at much higher prices. When this hits $4 I’m a buyer again and I don’t think that’s very far off. Hopefully he’ll either get it together or give up the reins soon. Real change is needed and I’m not sure if he has it in him.
Wrong. Jin could have gotten a much bigger salary working for one of the behemoth drug companies. Jin knew he could get some very cheap options and also knew the potential valuation of the Alzheimer’s market. Statistics and math are his wheel house. No one had to tell him how rich he would be with AVXL at $500-$1000/ share. Common sense. You should try it sometime genius.
Absolutely he would. Jin could have written his ticket anywhere but chose Anavex. It’s really the only reason I still have hope for this company because Misslings leadership has been horrible. Jin came on board for the stock options that he believed would make him rich. If he leaves I’m out in a heartbeat.
Baloney . Where’s the EMA filing. How about waiting a year for failed Excellence results. How about missing pretty much every self imposed deadline for results for years now with no transparency and no explanation. You and George must be roommates.
He’s got to be thinking about that at least. The last year has been an unmitigated disaster and he’s feeling the pressure now for sure. If that translates into urgency then it’s about time. You can only move at a snails pace if you don’t suffer some large setbacks and that’s currently the case. Time for plan B doc.
I would think the BOD and staffers with options would be growing tired of his horrible performance. He gets paid a ton of money and it’s been nothing short of a disaster for share price. If the stock stays below $5 for a certain length of time some funds will have to sell. The lawsuit is BS but not a good look for him or the company. I’ve got him standing on shaky ground right now and that works for me. Quit and let someone dynamic take the reins. Your time has come and gone so leave before you do anymore damage.
Got a strong glimpse into Misslings character when he intentionally released 2pr’s right before he exercised his options and then more recently when they flooded Facebook with videos of the Rett kids right before they released those results. Missling knew the trial failed but was trying to buffer his own mistakes. A real CEO would have just released the results and then made a statement afterwards affirming the company’s belief in the drug and pointing out its positive effects during the trial. Made me question his integrity. Not a good look from where I sit.
Yeah you’re right. This one’s only down 80% from its $31 high. Good comparison and thanks so much Dr. Missling.
Pretty much done waiting for good news. I’ve had it with Missling because he’s never transparent and instead of being forthcoming he uses information like chess pieces. Market didn’t trust him before. It will take some major earth shattering news to ever reverse this lack of trust or else his resignation. I vote for both.
You’re right he knew and delayed the release of the results to get the info about the EMA out there first. If he wants to avoid an investigation into this he better get the Alzheimer’s data out there quick if indeed it’s good. Either way I think he’s gone. Maybe not immediately but soon. He makes Fraudsteins comments look valid as if they’re not bad enough on their own. He has not been straightforward with shareholders for years and this company needs someone running it who is credible and can be as transparent as possible. That is the best way to move ahead now.
He did exactly that and if he doesn’t put out favorable AD results very quickly the company will be buried in lawsuits. I want this guy gone and I’m pretty sure I’m about to get my wish.
This guy is a paradox for sure. He is great at raising money and securing patents but the worst shareholder CEO in history in terms of communication. The only things I believe are things that can be 3rd party verified like audited financials, patents granted and the EMA interactions.
When he says something regarding timelines it’s bull$%t as we all know. The Street hates this I’m sure and that’s the reason the share price is no where near where it should be. Another 12 months of promises and silence as usual. What a weird fragmented way to run a company.
I don’t have many sports hero’s but he was one of them along with Walter Payton. Still remember the ferocity and grace he played the game with which is a rare combination. He was the real deal and died helping people in need. RIP Roberto.
I beg to differ. Tired of the Missling apologists like yourself who constantly ignore what may just be short comings but might be something much worse. As I said there are real concerns by shareholders that he has stayed silent on for way too long.
No, I didn’t run a life sciences company but my guess is you couldn’t run a 7-Eleven.
It’s more than what you say. What about the rare disease trial. What about the PDD results. Secrecy to what end? Why the constant projections on timelines and then always delays. There are legitimate questions to be answered here and no voice communicating with shareholders.
There is nothing to keep Missling from coming out and giving a definitive update on the data release or at least to say it’s been delayed but still coming. As long as he doesn’t do this it will cast a long shadow.
No communication is the worst thing in any business which generates the most customer complaints. We are not customers, we are owners and should be as informed by the company as the securities laws allow. Having run a public company I am amazed at how poorly he does this. Is he hiding something? Is he that arrogant? Neither one is desirable but I’ll take the arrogance if he would just please for once deliver the goods.
Great post. He has to be aware of the perception the market has of him by now. He must deliver the goods after so much time or he has to go as CEO. If it’s not stellar data and they haven’t been working feverishly on an NDA then why the such a long delay in releasing results. I guess we’ll find out soon.
The CEO is responsible for everything. He has the last word. Anavex has had problems with their CRO forever so why not correct it. I found it entirely unacceptable that they received the Alzheimer’s data the day before. If that’s the best they could do use someone else and get it in gear. He doesn’t have the luxury of any type of excuse anymore. Anything less than complete data that addresses all the potential questions will be a disaster. He has to know that by now.
Unfortunately that has been the case and I think it’s really hurting us right now. When you combine the shorts working with the market makers and an audience that will only believe Missling when a third party confirms what he says you have a very large Boulder to push up hill.
Other CEOs can come out and comment on something that might benefit their company and the stock reacts positively. Not us. He’s cried wolf way too many times and we are suffering as a result. He has created a lack of trust and cannot reverse it without some earth shattering news. In the meantime we will go on in obscurity until that time and the stock price will decline as well.
My feeling is one of them will make a move to buyout the company before the price skyrockets, but others will bid as well. Imagine being left in the dust on Alzheimer’s (not to mention all other CNS indications)after spending billions on research. They all hate it when it doesn’t come from in house, but they have no choice here. I always thought 3-71 was the key and I believe that’s absolutely the case now.
It was weird but I found myself thinking about 3-71 all evening and then dreaming about it last night. It occurred to me that with this kind of information in hand whoever they are talking to about partnering must see the incredible potential here.
Someone is going to jump and make a serious offer for Anavex buyout and will open the door for a bidding war. HALT the disease. It’s got a nice ring to it.
Maybe the d}%%est post ever on this board and that’s pretty amazing considering the competition.
Actually the price is down about 83% from its high and we’re approaching penny stock status. Quite a stellar performance from our CEO. Gotta believe even the BOD is getting some real heat over this.
If this goes below $5 that will prevent certain funds from buying the stock. My question is this. Do those same funds restricted from buying under $5 have to unwind their positions if the stock goes below that price?
Really sick of people saying it has always been positive and we’ve never failed a trial. They have never put out full data on anything so far. The adult Rett results were the closest and we got hammered because we were accused of moving the goalposts.
The reason the stock is under $6 is because there’s always been a pattern of incomplete results. People don’t know for sure if the drug works yet because they haven’t seen the results for themselves to verify that fact. The company has invited doubt and Wall Street has tortured us for it just to make money off it. Missling has said we met the endpoints on the Alzheimer’s trial but that’s not good enough. We must show conclusive data that backs that up and better do it soon.
Must not have been around very long because news is ALWAYS late for this company. I don’t care as long as it’s complete when they release it addressing the nagging questions unanswered from partial data released before. Can’t survive like that anymore.
He’s left himself and the company open to a lot more than just criticism if he doesn’t report results or the share price doesn’t reverse before year end. Caused a lot of people to stay in the stock and suffer big losses -40-50% in the last 4 months, based on his statements. When a CEO says more than once results before year end and ,”I think you’ll like it ,”better deliver the goods or suffer the consequences. People are pissed off.
I don’t think any announcement at this point will be a surprise, more like anticipated. He did make statements and reiterated them that the data will be out this year. He also said he thought we would like it. People bought stock and are holding based on his comments. If he doesn’t release information this year and the stock price stays where it’s at he has big problems which he himself created.
That’s the only reason I believe he will release the info by year end. Even he has to know with the share price decline he’s at legal risk.
In the past they’ve waited until the last minute and many times released sketchy results which generated short attacks. Always made me wonder what the hell they were doing all that time. Seemed ill prepared and thrown together.
With the hiring of Jin I expect something vastly different. Complete data with no loose ends. Anything less and the results will be the same.
Missling has to come out with results by year end or get sued. Continuing to say results by year end coupled with statements about favorable results have kept people from selling while sustaining sizable losses. If the share price doesn’t turn around and stays down the company will get sued and for good reason.
I think he should be very much aware of this by now. The declining market has trapped Mr procrastination and now he has to deliver.
Relax three weeks from now when the news comes out and the stock triples and goes to $9 we’ll all feel great. That is until they knock it back down to $6 or lower and it stays there for another year or so.
Missling might be good at managing money but he’s non existent when it comes to his shareholders. Never ever have I seen a CEO who communicates as poorly with the rank and file.
Whatever he comes out with better be stunning.
STOP. You have no idea when news is coming and I’m really sick of your constant pumping. Go away for a week and we might just get some news.
Could be Sanofi was talking to us about the same thing and came back after Amgen offered 28 Billion for Horizon and decided Anavex was a better deal. I’ll take 20B and call it a day!
Well if it is fraud then Missling will go to jail and probably for a long time. He has reinforced time and again his comments about the trials being successful and the results with statistically meaningful significance. That is not something a CEO says without knowing the consequences of it intentionally misleading investors.
I don’t believe that to be the case and here’s why. The people he’s recently added to the staff from the FDA have seen the data and would know if he’s lying about the results. Why would they get involved in something doomed for failure and also risk destroying their reputations. Jin would never do that.
It’s tempting to believe we are being misled, but logic says otherwise.
I’m a buyer as well, but I’m getting worried that if this goes much lower the company gets sued and we really really really don’t need that distraction right now.
Yeah 5 years ago they had no completed trials , no real data and nothing to attract a partner. Climb back under your rock. Your posts are drivel.
Scorched earth right now. Carpet bombing retail to instill fear and shake loose whatever people are dumb enough to sell. Seen this many times before share price skyrockets. There are some very sweaty shorts right now.
Not sure if they’re discounting updates or they know something we don’t. Perhaps the fix is in and no matter what we present for Alzheimer’s they insist on another trial.
On the other hand it could be they are just beating the sh%#^t out of retail because they know their chance to accumulate cheap shares is coming to an end.
All I know is I don’t think I’ve ever seen a more manipulated equity than AVXL and it’s exhausting on a day to day basis.
I do think the smoke will clear in the next 30 days however and we’ll get a much better idea of where we’re headed.