Anavex Life Sciences Corp (AVXL)

[W&T Capital LLC]

I think it is fair to say that with positive phase II results we will not being going into a phase III without a partner who will most likely be paying for this trial. When I spoke with Dr. Missling two weeks ago roughly he mentioned various scenarios after a successful phase II and none of which would effect the cash on the balance sheet. Now with these indications that Anavex is going after and with so few drugs or therapies available without huge side effects or that are truly that effective I think Anavex will have many suitors wanting there compounds. Also with all the M&A going on with big pharma wanting to fatten up there balance sheets and to expand there pipelines Anavex I feel with be bought out. Now I think its important to realize the past of Dr. Missling. He was an investment banker and listen I know how these guys think. They think big in every way. Call it there genetic make-up its engraved in there DNA. You either fit the profile and are it or not its not something that you can be taught. Dr. Missling is a man of many god given talents and brillant at that. I'm calling a buyout. No not tomorrow but in the very near future with phase II results right around the corner. Yea I'm calling a buyout.