Yes, Missling sold 70K is shares. Everyone is acting like he exercised and sold every option and every share he owns outright already. That's a heck of a lot more than 70K.
He sold a a million dollars worth in 2021 (when Sandra sold all hers - genius of her) and there wasn't 10% of the angst.
I'm on record as saying it's bad optics and I wish he hadn't done it, but I don't think it's because knows something awful has happened or is about to happen.
I think the market's concluded 2-73 is far away from commercialization and 3-71 has just started.
Ultimately, at some point we'll find out who's right.

Just a comment FWIW re: Missling's stock sale.
1. In my mind it's a TERRIBLE look to anyone with an objective mind. When the guy with the most knowledge is selling why should I hold. Very reasonable thought.
2. This is speculation (as is most everything else on this board), but I think Missling sold to deal with a April 15 tax bill. It could be related to his earlier options sale where he didn't withhold enough tax, perhaps 2024 estimated tax, some other tax event that is unknowable by us.
3. My driver on thinking it's a tax payment event is the timing. It's before they expire and also before April 15. Maybe he could have waited, but was concerned about insider information and not being able to sell later, Again, speculation.
4. I haven't done a audit of all Missling's options, but I think many of them are vested at below current prices. I know for a fact that his $0.92 options expiring in April 2025 totaling 500,000 are vested (just date milestones, not execution or business milestones). So he could have also converted those at the same time to about $2 million in cash (before tax) and he didn't do that. Why? Who knows, but that's a good fact.
Last thing not related to the stock sale is that on LinkedIn the total employee/contractor headcount is up to 49 or 50 depending on which page you sort on. That's up 4 or 5 from a month or two ago. The newest one looks like a guy with 7,000 followers on LinkedIn. Might not mean a thing, but Anavex is able to hire people to work for them even with all the negativity surrounding the company.

There's also a spot for "position not listed."
I think biochecker should write in to be CEO.
I don't know what gender identification to use, but he/she/they/etc. seems to have a good handle on what a bad CEO looks like so maybe he/she/they/etc. can do better.

From the recent 10-K. I think I saw somewhere else, but couldn't find, that the money is at JP Morgan Chase. My guess is a "large well-known financial institution" isn't SVB, but who knows.
The Company maintains its cash in bank deposit accounts which, at times, may exceed federally insured limits. Accounts are guaranteed by the Federal Deposit Insurance Corporation (FDIC) up to $250,000, under current regulations. At September 30, 2022 and 2021, substantially all of the Company’s cash balances were in excess of these federally insured limits. The Company mitigates this risk by maintaining the majority of its cash balances in a large well-known financial institution. The Company has not experienced any losses in such accounts.

Trofinetide just approved.
Good job Missling you suck.
You gave Rett away. Second place is first loser.

Here's why the fade. WS has figured out Missling is joke CEO and this hire means more delays not less.

I've declared I'm short a few times and said I'd cover at $2.
I don't believe any other poster has been as definitive.
I'm not worried about upside - just giving my opinion/perspective on the situation.
If I wake up one day and have to cover at $50 that would really hurt, but I'd still be in the game.

Market views the Jin hire as a cost rather than an investment.
OR
Worse, looks at it as Missling doesn't understand his and his company's limitations and now is way behind the curve in the analysis.
In other words, more delays.
Jin is going to want to throw out what has been done to date and start again.
That was likely agreed to as a prerequisite to him accepting the offer.

Jin was hired to give Missling cover to say "we're delayed again because we wanted the new guy to review the data and since he's new it's going to take a very long time." Quite smart if all you want is delays so you can ring the register.

Not how it works in business. If a reporter interviewed him and that was the quote and it was on tape I'd believe he said it. Otherwise, a PR wrote it and he ZERO say.

More likely Jin was terrible at his job and after his year end performance review saw the handwriting on the wall and grabbed the first thing he could get.

I just put this in the category of another thing Missling has no one understands.
My guess is because it's been over a month since he PR'd anything he was desperate to put something out there and this was all he had.

You understand he said nothing of the kind, right. This was written for him by someone else - one of Missling's minions.

He probably did and realized he needed to bring the capability in house. That way he can control the cherry picking, endpoint evaluation, etc. Jin has worked for the government so long he probably doesn't realize he's being played.

I guess we'll see at the close, but not looking good at the moment.

Pretty good bet AVXL ends up down today.
This PR just reminds the market that there's no PDD or AD data after all this time.
Also, never has announced VP hires before. Why start now?
To get all the ADD people to look at this shiny thing.

Correct, no deals in 10 years.
All these messages on this board with endless speculation like this is simply junk.
I realize it only takes one deal, but every single word, hire being analyzed like it's the greatest thing ever and a sign of WGT is a gigantic waste of time.
At some point some speculation could turn out correct, but more likely what actually happens will be very far from what was speculated on this board.
My own speculation is that AVXL is operated by grifters whose purpose is to maximize their pockets for as long as possible and to hell with the rest of us.
As I've before I'm short and will cover at $2.00 or less. I think Missling doesn't have the cards and is bluffing. Someone at the table needs to put him on the clock so he has to show his 10, 2 hand.
Note that Missling's middle initial is U. which for me stands for USELESS.

My question is how is performance evaluated? What metrics, weight of each to performance, etc. The usual things good management has in place. I don't give two craps about what she looks like , who she hangs out with, where she goes on vacation, etc. The only thing that matters is results and while AVXL wouldn't publish results at Nell's level what can be said is there are no sales, no partnerships so far and she's been with Anavex at least 8 years.. My personal opinion is she's someone's family member, girlfriend. friends with benefits, etc.
Nell went Tulane. It's a fine school, but usually not anyone's first choice. In the south where she's from it likely means she didn't get accepted to Duke, Vanderbilt, Texas, etc.
It also could mean she's Jewish. I'm not anti semantic (believe me or not I don't care as it's true). Tulane has a significant Jewish undergrad population. Several of my children's Jewish friends went to Tulane back in the day. In other words she may have gone to Tulane to stay with what's familiar to her.

Anyone think the Aussie post is fabricated by pumpers. Wouldn’t be the first time. I do.
No PR means bogus.

BK doc #100 is just brutal. It's basically PSS objection to DIP financing in the proposed form.
It's a list of many items where Henry mismanaged the company written in the most negative way possible.
In one place the document called Henry a liar.
The hearing has started and it will be very interesting to see how it turns out.

Re the million dollar campus....I saw in the court filings that there's an REIT lawyer as part of the creditors. I assume that's a liability for the campus?

After reading some of the bankruptcy filings it looks like Nant is going hard after the SCLX dividend. They're also going after the 49% investment SRNE made in that Chinese company that starts with Z. (can't recall or spell the name)
The point is Nant is going after everything - including compensation that may be over and above what was authorized.
Oh, they want the board minutes authorizing the SCLX dividend too. Hopefully SRNE was really buttoned up in the discussion, vote and execution or the dividend is definitely in trouble.
That doesn't mean it disappears, but it could be held up in court for a long time.
These Nant guys must really hate Henry because they really put the screws to him in this process. It seems to me something could have been worked out with Nant to secure the liability with SCLX shares (or something else) to stop them from grabbing cash and making SRNE unable to operate. Anyway, just random thoughts...

Missling keeps the data so that this MB can produce lots and lots of content.
Otherwise what would posters have to debate?

Another week, another nothing from Missling.
He takes Friday's off so no PRs on Friday.
D-bag

Biostatics intern application on website for those interested.

https://rarelove.jotform.com/230365628568061

Chris Missling doesn't give 2 craps about anyone or any post on this board.
All he cares about is Chris Missling.
It's possible being that narcissistic can benefit shareholders as well and you're along for the ride, but that's secondary to Missling's selfish interests.

Agreed. That's why I stopped engaging and blocked. I just cant stand to see the blather.
No real value add at all.

It's both. SRNE won $125mm so the net is $50mm with 70 days to pay the $125mm.
Ji went up against a smarter, richer man then himself and lost.
He pissed off the wrong guy and now his company is bankrupt.
Just a slimy, greedy, grifter.
Just a total arrogant POS.
I don't now about jail, but all his compensation for the last 3 or four years should be clawed back. His management team's too.

Longs should assume that SCLX stock is going back.
The court may say it's fraudulent conveyance and has to come back as a SRNE asset.
My guess is that's why SCLX is down heavily today.

Don't need this....Read the 8K Sorrento Corp. filed for ch 11 as well.

If you don't agree with facts it's called fake news.
Doesn't everybody know that by now?

For the record - Henry Ji completely and totally screwed the longs here while at the same time enriching himself.
There was nothing unforeseen here that couldn't be planned for. Having to sell stock to meet payroll is a very big clue. The CFO failed miserably too by not putting together a financial plan and making Henry do what was required to reign in the cost structure. This will be her last job. As a CFO having a public company BK on your resume is the kiss of death. No public company can touch her now. A friend may hire her, but that's all.
Oh, I wonder what "stay" incentive packages were given to executives? That's the next shoe to drop.

It's headed to zero. Equity holders will get wiped out and debtholders will end up with all the equity. Maybe current equity gets a stub, but I wouldn't plan on it.
Only chance for some appreciation is if SRNE becomes a meme stock for a few days and kicks up to maybe $3 or $4. If it does everyone should sell.

Read the 8K. Sorrento corp. has filed too. Probably Henry trying some sketchy move again to make it look like something else.
That said, protecting PSS from raping and pillaging SRNE was probably the right move since Henry owed $50 million net; PSS would try to freeze assets to cover the $50 million and make it very hard for Henry to operate.
I read somewhere that assets in the filing well exceeded liabilities which to me is weird in a BK, but I've never been through one so I don't know.
Hindenburg Research is tweeting out dancing Henry's grave this morning.
Lastly, personally I wish I hadn't covered at $2 several months ago.

Nope. My point is I assume you made this statement up without data.

Yea...no, don't think so.

All shareholders through index funds and ETFs. Google State Street. The first line of the results says ETFs.
These companies are not buying because they analyzed Anavex and decided to buy. These companies have to buy (or sell) Anavex and other biotechs to include at the proper weighting in the funds. This idea is not debatable or controversial except for those who can't handle the truth.
This has been explained many times across may boards and WGT crowd either doesn't understand how these firms work or doesn't want to know the truth.

Anyone wonder why AVXL is still registered and incorporated in Nevada?
Anyone know of a real = non-grift firm that isn't incorporated in Delaware?
That's where corporations have the most protection

As usual AVXL goes straight down and circling the drain.
Already making money.

Where is your data showing 50% plus (your word = "most") companies at this stage are diluting 10% per year?