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See post #84236
According to Missling, there is enough cash in hand to fund everything we are planning for the next two years.
Avg cost of the current phas 2a trial per patient is $34000/year. If this average holds for phase 2/3 that means a total yearly cost of $10.2M.
That is easily within our current capabilities. Should hold off on the partnership till absolutely necessary.
IMO.
Per Missling, there is enough cash to fund us for two years. Why would we partner now when it's not necessary?
Yes. Buying a stock before it is a "lock" is ,in fact, speculating.
Waiting till everyone knows that there is no risk is called "being late to the game". There is no profit in that. You will be transferring your wealth to the savvy investors who bought early.
That change in thinking is coming shortly. Whichever of the BP's wakes up and smells the coffee first is going to score a huge win.
Lol!
Yeah...but I guess if everybody understood the approach AVXL is taking and thought it was looking as good as many of us do,,,well,,,we couldn't have gotten in at the ground floor!
Great opportunity for those who want to take the calculated and studied risk.
Unsophisticated investors are continuing to feel the consequences of betting against a stock they know little about. As this paradigm shift in CNS treatment begins to be accepted by the medical field, there will be an unyielding march upwards in pps.
I'm looking big picture. I don't care at all if it goes to $6 and retraces to $2. I've been long for well over a year now. The dips along the way are just buying opportunities for me.
When I say "the dam will break" I mean that all of the minutiae and @$=#% that many are getting mired down in is not going to mean anything once this stock goes mainstream and gets its due attention. That could happen next week or next year. I don't care. When it happens $6 is going to look unreal. $60 for that matter. We will be well above those levels.
There is obviously lots of risk here, but I believe it is based on sound science and a brilliant approach to treating CNS diseases. I know everyone doesn't agree with my point of view, but time will tell who is wrong and who is right.
At some point the dam is going to break for AVXL. either you're on board or you'll be washed away!
Regardless of the current stock price, no company sells out to another company when they know they are very soon to transition to a price 10x (or more) the current stock price.
Why would they want to sell if they have every indication that their pipeline is going to pay off very soon.
That's like owning a gold mine but selling for a fraction of its value because you don't want to mine the gold yourself.
Because the company could be worth ten times that amount in a relatively short time.
I agree with what you're saying, although any time before the next major catalyst occurs is a good time to buy if you are intending to hold for a while.
By the end of the year those who buy in at today's prices will be the envy of newcomers who will be buying in the teens at a minimum. Maybe much, much higher.
We are looking ahead to end of march for the next known big catalyst which will be the 15-month data release. There are several other huge catalysts set to happen soon, but exact dates aren't known at this time. Could come before 15-month data.
Green Day!!
I think next week I'll be good too. Looks like a steady climb till 15-month data release, IMO of course.
(Being able to write a post without sounding full of yourself is a sign of sophistication.)
If we close green today that makes 5 up days in a row. Going great!!
Sophisticated investors have made a hunch of $$$ this week by staying long and strong!!
Go AVXL!!!
Patent, BIIB test results, phase 2/3 AD enrollment begins, Rett trial starting... could be any of these or more.
Good time to be long in AVXL.
$$
Yes... the successful partnership between a pharmaceutical company (AVXL), and a rare disease foundation (Rett syndrome.org)
Nothing new here, but nice to see well-deserved good publicity.
This should be a discussion of the partnership between Anavex and Rettsyndrome.org for funding of the upcoming phase 2 Rett study.
Oh...that's sad.
Right on!
Then the company's PR should have made that clear instead of being ambiguous. Writing a clear PR is not rocket science.
Exactly my point. Extremely poorly handled. The PR should have been much clearer. It would have been easy for the PR to say "the webcast will not be available live, but will be made available within 24 hours of the live presentation." Instead the lack of clarity caused many (myself included) to think that we would be able to see the webcast today.
It's a small thing, but they need to be sharper than this.
They sure dropped the ball on this one. What amateur handling of this event. Either the PR was wrong/horribly written, or else the website just didn't work as it was supposed to.
They need to get their act together better in the future.
There are two windows in that screen. One is for the 24-hour delayed version. The other window looks like it is supposed to be a live stream. There is a message in it that says "waiting".
My screen just says "waiting"
Anyone able to get the stream?
It is going to be streamed live per the company's previous PR. The recording will then be available 24 hours later for those who missed the live stream.
Unsophisticated investors are underestimating this stock. It is not a run-of-the-mill biotech. This is an historic achievement for the medical field.
IMO the 2019 calls are an absolute steal right now. $2.50 calls are selling for $2.50. Break-even of $5.
If those don't pan out huge then there's something wrong in the universe.
I agree completely. Till something happens, all of this "oh! Look at the drop!!" Or "oh!! Nice gain today!" is all a bunch of baloney.
If something real happens we will all know it. There hasn't been a "significant" rise or fall in the last 6 months.
Using time analyzing these tiny meaningless daily moves is pointless. At some point in the near future it will make a large and quick move. Either up or down. Until that happens nothing matters.
That sounds quite frugal. Was that monthly or for the whole phase 2 trial?
Will be great if it happens.
Someone posted back in December a projection on the cost of the 300pt phase 2/3 2-73 trial for AD. It was based on the cost per patient for the 2a AD trial. I can't seem to find the post now. Anyone able to help me out?
What was the cost per patient for the phase 2a part of the trial? Can't we figure out roughly what phase 3 should cost based on that?
Presentation schedule:
http://noblelinx.com/presenters_schedule_alpha.php
From noblecon13 website:
"On January 30 - 31, 2017, NobleCon 13 will showcase most public companies, with a selection of private companies. Investment portfolio managers, equity analysts, private equity, angel investors, family office managers, high-net-worth individuals and financial advisors will have the ability to choose among four company presentations (each 1/2 hour) on the business strategy and outlook. Q&A follows each presentation. In addition, scheduled meetings, social mixers and networking events allow for corporate representatives to discuss their stories in a more casual and personable environment."
In the next few months, how many millions of dollars do you all suspect the shorts will lose on AVXL??
They already announced Rett funding. At the annual meeting they said they had the money already on hand to fund phase 2 of Retts, as well as everything else they have planned for the next two years.
So somebody makes a video about Retts and mentions that AVXL has committed to finding a study this year... why does that cause you to expect some further PR from the company saying something that they already talked about???
Everyone stay calm. Relax. LONG ROAD AHEAD. Awesomeness is approaching.