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No I didn't miss your point KLD2. As to Dilution Dr Missling so far has done one hellava job at getting SOMEONE ELSE to pay the bills for testing. Yes much more so than many other Bio's I have been involved with over the years. Dr Missling is still the largest stockholder of AVXL. He might lose that position when the next qtr's 13F forms are all filed mid May. BUT anything that damages the stock price ultimately damages Dr Missling's end game paycheck. So Doc is going to do the best he can to increase the stock price.
Yes all of us would love to see it jump 1000 % in the next day or so. Yes all of us would like to get solid answers to lots of our questions. Realistically neither of those will occur soon enough to keep us happy.
GLTAL
John k9uwa
KLD2 re: the PREVIOUS PHASE TESTING. The Australian Govt never came out and said YES WE ARE FUNDING THE ANAVEX 2-73 TESTS.
what was said from Caulfield Hospital in their 2015-2016 annual report was: Quote is from page 27 of the report.
"Alzheimer’s drug trial success Early research results of Anavex 2-73, a drug which aims to address the symptoms of dementia, are positive. Trials at Caulfield Hospital are using Anavex, which, unlike current medications, is the only drug designed to both relieve symptoms and slow the disease’s progression. The first phase of the trial began in December 2014 and the next steps will involve further research with a larger group of participants in 2017."
Annual Report Caulfield
see page 27 in the above report. Caulfield makes no distinction between Phase 1 2 3 etc. To them it is ONGOING research and they are continuing forward. If you then look at the small chart on that page it shows the amounts of GRANTS to Caulfield by the year. Noted on that chart is says: of the 100M AU Dollars in funding to Caulfield Research Hospital that the AU Govt donated 60M of that amount and 40M came from "Other Sources". The chart makes no reference as to how much of that 100M went to Anavex 2-73 research and how much to the other research projects.
Yesterday I posted a link that is where one would go to apply to the AU GOVT to receive a Grant/Funding.
You can call it whatever you want to call it. SOMEBODY is funding the CONTINUING TESTING of ANAVEX 2-73 through Caulfield Research Hosptial in Australia. Since the AU GOVT is sending them 60% of the funding and other sources are sending them only 40% It seems to me that the Govt of AU certainly has a hand in it.
Dr Missling has done a great job at getting SOMEONE ELSE to pay for testing of Anavex Drugs.
GLTAL
John k9uwa
I think the best news that could come out at the annual meeting would be that ALL of the items on the list for votes were passed Unanimously. Biggest one of course is the poison pill preferred share issue. That needs to pass. Soon afterwards we will get additional news. Anything else at the Annual meeting will be icing on the cake. Yes I like Icing on my cake.
Missling must be expecting a much larger turnout of stockholders than last years meeting.
In case some missed it. Greenspam2 posted a nice article that came out Saturday. To most of us yes it is old news from the conference but it is nicely presented in easy to read and understand terminology.
Anavex Therapies Reverse Cognitive
The FUD'ers certainly have worked overtime this last week or so. Something is about to happen. Or at least I hope something happens.
GLTAL
John k9uwa
" We'll be pointing out prevailing trial costs and the current authorization."
Frrol I bet if you ask this question all you will get as an answer is "We Have adequate funding for two years"
Dr Missling probably won't bother to mention the sources of the funding for the three trials. We know already the sources. So why bother to ask again? Rhett Organization, MJFF, AU Govt. Anavex costs will be supplying the drug.
John k9uwa
I guess someone forgot to tell the AU Govt that they weren't in the Research Funding game? They provided 60M of the 100M to Caulfield Research Hospital.
nhmrc.gov.au/grants-funding
That is the page that tells you HOW TO APPLY TO THE AUSTRALIAN Government if you want FUNDING for your project.
The other 40M that Caulfield / RESEARCH HOSPITAL received was from what they call "Other Sources" In a few places I saw where Australian Universities had made contributions to various projects.
So any more FUD you care to spread?
John k9uwa at least I am posting with my own real name. Google me if you don't thing so.
Thank You Greenspam2 for posting the nice article. Moderators please add the article Greenspam2 found to the news listing above.
Anavex Therapies Reverse Cognitive Defects in Mice, Suggesting Their Use for Parkinson’s
thanks
John k9uwa
Scott re: The additional references regarding the phase 2/3. Comments made in an interview by MacFarlane that they were soliciting patients for this test at that time. Interview was some months back. Sorry not going to go find it for you. And comments from an Interview with Dr Missling when asked his statement was we have adequate funding for two years. And again you can take or leave it. It is sure strange to me that all of a sudden this weekend similar to last weekend that many new faces showing up all with a rather negative attitude toward Anavex? Maybe Pluto found a few friends to assist in his stop loss buy at 2 buck theory.
About the only OLD OLD OLD thing not brought up this weekend is re: Printing Company. LOL
Those claiming the NO vote mode on re: Preferred share issue probably really didn't own any shares at T+3 on Feb 17th. I am sure you can understand their position.
Interesting side note. I find it interesting that Park West who prior to qtr ending 12/31/2016 we had never heard of them and they have as of last 13F form displaced Vanguard as the largest Tute holding shares of ANAVEX. Perhaps interesting the qtr ending June 2016 6% tute ownership. Qtr ending Sept 2016 12% and Dec 2016 18% it will be interesting to see how much higher tute ownership is for March 2017 qtr.
John k9uwa been here since well prior to reverse split and not leaving anytime soon.
to Scottsmith and Maple Tree and others who have read wrongful information. Maple Tree you have received the wrong information from Scottsmith. If you want something other than the word of those on this message board then go read the Annual report for Caulfield Research Hospital in Australia. Somehow I doubt they would put false information into their annual report. It states Aussie Govt and the Research Hospital supporting the testing to date for 2-73.
insert-text-here
Don't forget that Australia has socialized medicine system. Alzheimers is costing them a fortune and getting worse by the year. It behooves them to come up with something that reduces their costs. As to Rhett see the Rett.org as they have given grant for testing as have the Michael J Fox foundation for Parkisons disease.
John k9uwa
My Etrade marketcaster shows 6.05 as the last trade. Watching closely nothing larger than 5K in the last minute. Several smaller amounts. Total in the last minute was about 13K shares traded hands.
this is the third time we have traversed the same mile in the last three weeks. $5.50 to $6.5. In each of the other two trips I added trade shares equal to about 20% above my core holding. And sold them twice at the $6 level. This time I only had about an additional 10% in the 5.56 and 6.62 level. Still holding it. Thanks Tom and the other charters for your charting and buy sell points.
John k9uwa
Djia "Regarding the 100 share trades. As a retail investor, when I trade via TDameritrade"
I see the same thing from E-Tard. I think it is the blasted market makers who are hoping that the bid / ask goes up and they can partial fill our limit orders. I can watch it happen on the marketcaster and then when the trade is done Etrade generates an Email for ... wait for it .. yes every one of those partials. Some are even less than 100 shares. Pure manipulation. I think when they start seeing us Joe Retails buying that they realize it can't go much lower so they fill the rest of the order.
I did get a few more trades shares at 5.56 and that order filled slowly part and partial as well.
John k9uwa
Vote is done AT the shareholders meeting. And will be I am sure announced when it is over.
John k9uwa
mrplmer "SHAREHOLDER meeting can't come quick enough for me. I want to lock in Poison Pill."
Totally Agree. Once the meeting is over and the Pill is in place then perhaps we will begin to hear what is going on with the company.
John k9uwa
Not sure Tom but I did buy just a bit more of my trade shares at 5.61. Bought some a couple days ago at 5.63. Will buy more if it dips into the 50's. Twice now in the last couple weeks we made it into the 50's and then hit $6.00 where I had purchased at 5.51 and I think it was 5.53 and sold the trade shares both times at 6.00 and 6.01. Two can play their game. Trade Shares to me are always on top by up to 20% of my core holding in AVXL.
John k9uwa
Only 40 days until we get the 13F totals for the first qtr of 2017. Sept 2016 qtr was 12% institutional ownership. Dec 2016 Qtr it was 18% institutional ownership. What will it be for the end of March 2017 qtr? So far the only known is Park West because they crossed 5% ownership had to file early. Probably it will be over 20%.
And yes Tom a quiet day. Betting a good share of the shares traded today were back and forth between market makers in an attempt to get something going. Didn't work!!
Don't let them shake out your shares.
John k9uwa
Hagrid "Are the results of the proxy vote due today?"
NO is the short answer. The Votes have to be in at or prior to the annual stockholder meeting. Meeting is 18 April 2017. No idea as to date for those of us who actually vote through proxyvote as per instructions from our Brokers. I use Etrade and voted my shares a week or so ago when they sent out the emails with control numbers to go vote.
You can also CHANGE your votes through the proxyvote system prior to the meeting. Just connect in again and put in your control number. Up comes how you voted before. You make changes and Vote again. And soon you get a confirmation email saying you did vote. It of course won't allow you to vote twice.
Hope this answers your questions
John k9uwa
iqMIKe "A question for all, is the 10 million $$$ thing coming up part of the LPC deal"
I'll take a shot at this one. It is a Share thing that allows the company to issue said 10M preferred shares if they see fit at a price that they determine to be what is needed. See Wikipedia for "Poison Pill" for reasons companies do this sort of thing. It may well never be actually used Mike. Just there as a deterrent to some company coming along and doing a hostile buyout of Anavex. In other words we need it to protect we the stockholders. Has nothing to do with LPC.
John k9uwa
HiTom will see. I put in a small bid at 5.55 not trying to be greedy but would like to get some more of my trade shares back.
Thanks for your charting experience.
And Batermere get it done and get healed up soon. Golf Day awaiting. I maybe get mine back next week. Had small hernia op a week ago. Its hell getting old but better than the alternatives.
John k9uwa
re: Xena "Still wondering what the German Anavex corporation" Maybe just a guess on my part but. I think I remember someplace a few months ago. Not sure if it was MacFarlane who said it? That the upcoming phase3 would have many locations. Not all patients would be selected from Australia. So maybe Anavex wants a subsidiary company in Germany for close contact to the EU community? It would make sense to have and perhaps another in Japan? Some comments about genetics of Asian people being different from people in other parts of the world? All just thoughts on my part. Whatever the reason I am sure that Dr Missling has decided we need it.
John k9uwa
Tom I did get a very small amount of my trade shares back today. GLTAL
John k9uwa
Hello Dado and glad to see you post here once in a while. Not like the olden days of YMB but there are also some others here with Medical backgrounds who help us poor laymen out with simple explanations. agree wish some of your old posts to YMB could be added here.
Happy with AVXL I am.
John k9uwa
How Long to Market? The following is all based on OPINION !
Best Quickest case scenario: The Phase3 gets moving one of these days. There have been comments that Anavex was dealing with FDA in the design of the testing setup. See Cures Act. Also awaiting results of hired company helping to pick the RIGHT PATIENTS for the Phase3. A few more months possibly. Once I thought I remembered MacFarlane saying that they were accepting applications from prospective patients for the next test. At the Annual Board Meeting when the votes are actually counted. Poison Pill will be in place. You all are going to get off your butts and go vote YES on this issue. So Phase3 actually gets underway by summer 2017. in the meantime we also get additional results of the extended phase2 and they continue to either improve or at least stay even in cognition. By year end or soon after with updates having gone to FDA during the FDA says. Enough all is well. Safety isn't an issue. And we see improvement or at least level cognitive response. So approve it NOW. Early 2018 first patients get prescribed pills. That is probably the absolute fastest that 2-73 could be approved. It is also probably somewhat of a pipedream as nothing ever seems to happen quickly in Bio and or in the FDA. Pressure however will be placed on FDA by other Authorities since the USA isn't the only decision maker. Could get pressure from EU countries. Could get Pressure from Asia/Japan.
By that time 3-71 will be into Human Trials.
Probably way too much Blue Sky in the above. Whatever happens is never fast enough to suit stockholders.
As to "Partnering" Missling all along when asked has stated we would partner. Partnering sooner rather than later will give a quicker increase in PPS but so also partnering LATER will eventually give a BIGGER increase in PPS.
Best bit for partnering would be for sales and marketing. Different companies in different parts of the World for their area.
Always remember this. Dr Missling IS the LARGEST single stockholder of Anavex Stock. So he has all stockholders best interests as his top priority. That plus of course get the drug approved and to the suffering patients.
However long it takes. I can wait.
John k9uwa
RubyRed has this correct as well. Back two years ago when this Preferred share issue came up this stock was OTC and not Nasdaq. It also had about zero institutional ownership. So it was at that time owned either by the Insiders or yes the majority of it was RETAIL. And Retail didn't understand the need for the "Poison Pill" is a method of protecting the present stockholders. Short note here. Dr Missling is the largest stockholder at this point. The Greek Doctor is about next in line as large stockholder. Somehow I doubt that Doc and Doc and the BOARD would be interested in anything that didn't benefit the Stockholders. So as to how soon Doc feels we will need this Poison Pill preferred stock apparently he feels we needed it two years ago but Retail was doing the same stuff that many here are doing yet today. They think they are going to get screwed because they fail to understand the reason for this stock issue. Below is quoted from Investment Wikipedia. I think if you read possibility one and two you will perhaps begin to understand the reasons why all of us retails should vote FOR this issue. After all we are in the same boat as Dr Missling and the Greek Doc as well as a good share of the board probably owns stock as well.
Please also read Whiskey/Sausage regarding the pulling of the abstract and not getting info from the conference.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=130102396
TO: Atillahunt. They created a placeholder for the conference. MONTHS AGO. or else they wouldn't have gotten the spot. THEN the DEAL CAME ALONG whatever the DEAL is we will find out in due time. It for sure will not hurt us the stockholders.
John k9uwa
From Investment Wikipedia.
make shares of the companys stock look unattractive or less desirable to the acquiring firm.
There are two types of poison pills:
1. A “flip-in” permits shareholders, except for the acquirer, to purchase additional shares at a discount. This provides investors with instantaneous profits. Using this type of poison pill also dilutes shares held by the acquiring company, making the takeover attempt more expensive and more difficult.
2. A “flip-over” enables stockholders to purchase the acquirer’s shares after the merger at a discounted rate. For example, a shareholder may gain the right to buy the stock of its acquirer, in subsequent mergers, at a two-for-one rate.
Read more: Poison Pill http://www.investopedia.com/terms/p/poisonpill.asp#ixzz4d8Uc5rRd
Thank You Hess old vote numbers. "Votes For
13,301,577
Votes Against
4,862,479
Abstentions
374,249
Broker Non-Votes
16,346,920 "
it is the BROKER NON-VOTES that screwed up the ballgame the last time around. MANY people who own stock through ... like me .. Etrade Accounts DON'T VOTE when they get the usual annual request to vote.
Consider the last time around 2 years ago. Tutes ownership was damned near NONE. Today we are at 18% PLUS the 18% was as of Dec 31st. Known it is that Park West bought a WAD since December as they hit the trip point where they had to file a SEC form. Over 5% of all outstanding stock.
But it was RETAIL who failed to vote last time around. Therefore Kingsford to get out the vote.
Either you believe in the science and the management or you don't. If you don't then sell and go away. If you do then go get off your butt and vote with the directors recommendations
John k9uwa
"target step 5.65 hit today." I was hoping for 5.50 to 5.55 Tom where I would have bought back my trade shares. For the third time at the same price!! Maybe tomorrow.
John k9uwa
am I getting this correct? Last Slide.
Coming up: prevention trial yes that's what it says.
And Hello Chemist glad to see you here with the rest of us.
John k9uwa
Doc's hair looks GOOD today.
John k9uwa
Live Feed from the conference.
https://www.periscope.tv/w/1vAxRgBeMVVKl
John k9uwa
Looking good Tom and thanks for your charting. In the last two weeks I have purchased the trade shares in the 5.50 range and sold them at 6.00 and 6.01. TWICE in the last couple weeks. Trade Shares for me are about 20% above the core position I am holding. So I make 50 cents twice equal a buck over the last two trades. Equal the same thing as making 25 cents on the core position and I don't have to chance missing out on the big move whenever that happens!!
Excellent
John k9uwa
NO Scott it is NOT income. Missling gets 305K as salary and maybe 100K as year end bonus based on whatever was decided upon. AND he gets 8M worth of OPTIONS. Options at 6 something and 7 dollars and change. He gets a specified number of those options per quarter.
What that means is... he gets some options. He has to pony up the CASH at the stated 6.30 and or 7.30 pps. Then they hand him the shares. At todays stock price of 6.00 those options are all worthless. Pretty simple it seems to me. KLD2 either can't read either here on this board or the 10K or else he is just trying to stir up the pot to cause confusion to readers.
Nice example of the above. Stock Price goes to $75 per share in 2 years 2 as it takes that long for all of Doc's options to be available. Then he exercises the options spends 8M to get 82 Million if he sells his shares. Now thats making MONEY. That is Misslings intention. To make the Stock Price go UP. Otherwise he is wasting his time for 305,000 per year.
John k9uwa
Hi Leo all cards dealt face up. I have a nice pair you have 4 in a row 4/5ths of a straight. Yes I am bidding or not into your possibility of you getting your 5th in a row card. Even if I were holding one of your needed cards that is still 7 of 44 odds your going to hit. I would not bet. best I could get would be 3 of a kind. If more players at the table then I have seen 4x number of players cards. I might reconsider if most of your ends were gone.
3 more players 12 more cards 4 are your ends then your down to 3 of 32 cards. I probably would bet against you at this point.
AVXL is the WINNER.
John k9uwa
to Kld2
Your statement
"I haven't seen much discussion on this board about Executive Compensation. How many of you have read last year's 10-K?
It's pretty shocking, if one compares Missling's 2016 salary to 2014.
In 2016, he received, in total, including stock options, 11,091,204.
In 2014, he received, in total, 767,000.
The breakdown in 2016:
Salary: 3,015,000
Options: 8,495,000
Other: 2,290,000 "
MY STATEMENT the OPTIONS become WORTHLESS unless the Stock price goes up substantially.
John k9uwa
Indebt2 as long as you have the control number and the email sent to you for the proxy vote just click up the link put in the control number and revote. Revoting cancels your previous vote so be sure to mark all the boxes not just the two you skipped previously.
John k9uwa
Would any of your play Draw Poker where all the cards were dealt face up from the start of the game? Didn't think so. Neither is Dr Missling.
John k9uwa
Bullet your question.
Millstone, One thing I struggle with is what if the 10 million preferred
thing is voted down? No deal and back to the drawing board?
I would think if there's a good(for us) deal to be done, do it, contingent on the preferred vote going through. Who would say nay then?
So a Deal could be annouced say today. We have a deal with xyz company for 70% or AD at $3B cash we keep 30% ownership xyz pays the bills marketing etc for 2-73 for AD.
And instantly company RRR says ... hold it we will pay 3.2B and you still keep 30%. But company RRR really wants to put us on the shelf since they are working on Their Drug they think will make it. Or any other possible buyouts or deals one might think of. That is the reason for the Poison Pill 10M preferred. It keeps control with Missling and our BOARD.
John k9uwa
Biostockclub I totally agree with all your statements. Very well stated. "And, to the extent that this was the original plan, not some surprise (he didn't call an audible), this should be excellent news - company progressing AS STATED/EXPECTED"
Dr Missling deserves all of our support.
The big deal question is the one regarding issuance of Preferred Shares. The layman explanation of this is to prevent some Big Pharma company from buying Anavex in a Hostile Purchase. In other words if tomorrow morning some company said we are paying $ 50 usd for shares of Anavex could they purchase more than or close to 50% of the 41M shares outstanding? So please vote YES to allow Dr Missling and the crew to do as they see best fit for us AND THEM don't forget Missling and the Greek Dr own considerable number of shares. So it is in their best interest to make the share price increase dramatically.
Thanks for asking
John k9uwa Anavex Stockholder prior to reverse split date.
Kld Missling has not led the shareholders wrong yet. As to Missling making money from Anavex his "Payday" comes when the Stock Price rises to some serious multiple of $6.00
So please like the rest of us LONGS go vote YES on all points as per Directors suggestion.
John k9uwa pre-rss holder of AVXL