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Ugh...
Finally!
If the past is any indication of the future... seems like this record has played before. "We won't need any more shares to get to market", "anti-takeover", blah blah blah.
Good post.
Right... isn't that what the preferred options were for, or the first 100 million authorized shares... 10 million shares doesn't seem that long ago.
So you are saying there might be some hope for trial updates?
Yay! Real investors! Enough of the B.S., time to walk the walk, and stop talking the talk. Get something done or hit the road. No more hand outs for promises. Let's see revenue.
Wasn't someone predicting a share price of $1234? Just got the decimal wrong.
What about $7?
I think they reset on the run to $28. It will take a bit of run up for a short squeeze. I think most of it though is just for hedging.
Thanks, Xena. Seems nervous.
What was the last trade of the day? $13.92 (XNMS)...
Nice! You've got a nice race on your hands. Anavex has always lacked punctuality, however, there seems to be a nice cadence. Hedge funds reset, watching volume here.
Still waiting for $7.
No 7's?
And it doesn't even come with well written tweets?
Agreed.
Hmm, the following is what is written in the article:
$7.40? Seems like a long way down to fill a gap, but it has happened here before.
Just seems like the volume traded at this level would have been an artificial fill.
Zacks mentions how AVXL price will continue to slide and the reason for the run up in price was a Seeking Alpha Article on the 4th.
Anavex Life Sciences Corp.
It seems it was the Seeking Alpha article that pushed shares of Anavex Life Sciences Corp. (NASDAQ; AVXL) on Feburary 4, 110%. The Company did however release earnings yesterday which could be what caused the stock to drop 10%. Volume is thinking since the spike on the 4th, so without some new catalyst, price can continue to slide.
Edit: it is unclear the way the article is written if Zacks wrote this summary or EmergingGrowth.com did.
Interesting... where is the money?
On what basis? We decided today to review old information in light of recent events, where hedge funds have been suffering losses. We believe these damaging events have caused retail investors to realize substantial gains. Hedge funds are struggling to suppress realistic valuations. We believe that these recent price swings unrelated to events associated with the fundamental characteristics of the company will cause more retail uncertainty and confusion, ultimately reestablishing the share price at $20.
For me TA was spot on, and easy to see... The elephant in the room got me again though. When is that thing going to wake up?
SAVA... crickets...
Crickets...
Anavex is ahead of SAVA. My opinion is that something else is in the works.
Looks like alot of cash influx, institutional buying. Without news, it is beginning to look a little overbought. There hasn't been an indication of slowing down yet, so we will see what today brings.
Nice... $10?
Anavexstonk?
It's likely side effect of SAVA. Investors seeing significant gains and dipping in to the competition. Ie. What other small cap stocks are in this area?
You are not the only one.
Well, it has to do with exponentials. $20-40 million now is significant dilution compared to a valuation of $10-20 billion. Keep the cash at a level that is needed to move forward, nothing more. If they diluted at high prices, good for them! That would be in the interest of investors. How much of the pie will you be holding when it goes to $10-20 billion?
So if Missling is granted options at or around current market price, if the share price stays down through dilution and mishaps, then he amasses more options at a lower price, increasing his (and other board member) jackpot on a lottery win? What is the incentive again to raise the share price?
Oh boy, more options! 1% of outstanding shares in one year...
Incentive is different than skin in the game... you don't have to take or even reach for the carrot.
So... if he were to get 500,000 shares at $2 over the past 5 years (the hypothetical $1 million his services are worth in addition to his generous salary), that would only be 2.5 million shares... just thinking through this... that would equate to what type of compensation for his services? No pre-revenue CEO should be worth over $1 million per year. Definitely cheaper for investors to just pay him cash. How much does Anavex have in cash that they sold shares for? How much would the options dilute the share price?
There is no consequence for failure with options, only lost opportunity. Whereas anyone investing now stands to lose thier investment, including a partner.
https://www.google.com/amp/s/kruzeconsulting.com/blog/post/startup-ceo-salary-report/amp/
Interesting in this one that they state an executive would only have a fraction of a percentage of outstanding shares...what percentage does Missling own in options? How much is he paid in salary? Who are the venture capitalists?
https://www.google.com/amp/s/kruzeconsulting.com/blog/post/startup-ceo-salary-report/amp/
So he is underpaid... or are you saying he earned all of the millions of options? Anavex has no revenue, so other than hypothetical valuation or any physical assets, they have no value until excersised and do not contribute to the progress of the organization, other than being a carrot. Missling would lose an opportunity if the company fails, not money he has invested from his earnings. Frankly the millions of shares that have been awarded through options is ridiculous, but it is what it is. So, Missling is underpaid and his pay is supplemented with an opportunity for future value in options. Definitely not aligned with my financial interests.
How much should Missling be paid? A million a year for a non-revenue company? Millions?
That's my point. No skin in the game.
So you are saying his salary is too low? It is in any shareholders interest for the price to increase. He can be agnostic to share price because he does not stand to lose that which he does not have. If he believed the share price was going to increase he would exercise his option to buy (putting his earned cash on the line), but that would make his salary egregious.
Options are forward looking on the chance of success, without having to take any risk now.