Anavex Life Sciences Corp (AVXL)

[Doktornolittle]

Not sure how you got on the subject of partners and uplisting... so thought that was a typo... sort of. Not sure about that issue. I guess I would agree that a potential partner would not care much about listing. Maybe more reliable financial records... but not sure.

But as for large investors, there is actually an SEC constraint regarding stocks that are trading under $5. The SEC calls anything under $5 a "penny stock" which is not my definition, but the SEC's definition matters more... The SEC forces investment firms that handle other people's money, to control risk by adding a bunch of hoops to jump through to invest in a "penny stock". So generally, apparently, these firms do not invest in any stock under $5. They don't want to jump through all the hoops.

So $5 is a magic threshold above which volume starts to increase.

I had copied out just one paragraph of that SEC doc about penny stocks. The SEC's definition of a penny stock was in a previous paragraph.

http://www.sec.gov/answers/penny.htm