Anavex Life Sciences Corp (AVXL)

[stealthways]

AVXL warrants have fixed prices of .30 and 0.42. You can see the docs they are on the $10 million financing done on March 2014 --- and not to be confused with the $10 million financing done with LPC on July 2013.. On the weekend I was reviewing the docs for both of these.. The LCP financing was very unique, and had no warrants and was a commitment to purchase at market prices and should still be in effect ...not sure how much is left. The company just has to give them notice and they have to buy stock at market price...A very good deal for the co and I think it came with the CEO somehow (same date about)....The march 2014 has the 66 million warrants as well as the convertible debenture..It was very dilutive but based on where things were then not too bad..but definitely goo that the warrants do not have the terms like AEZS with constantly spiralling lower conversion prices-- like a "death spiral"... Noticed that many comments here on this board seem to get the two 10 million financings mixed up..likely since both are for the same amount... IMO many thought LPC is promoting this stock but to me it looks like they have incentive to keep price down based on the july 2013 financing....The way I look at the March 2014 financing is it will bring the co about $33 million after warrants are exercised and dilute about 100 million shares --66 mill for warrants and 34 mill for the debentures...so about 0.32 per share roughly...I thought this was ok...I would like to know who bought the debenture financing as this was not shown..