Anavex Life Sciences Corp (AVXL)

[XenaLives]

Link to an OCR version of the filing...

https://drive.google.com/file/d/0B4aGhjyMOhXxX29oY0hhMUwwdXc/view?usp=sharing

Item 4 - they're in trouble. No way this can be proven.

4. Throughout the Class Period, defendants made materially false and misleading statements regarding the Company’s business, operational and compliance policies. Speci?cally, defendants made false and/or misleading statements and/or failed to disclose that:
(i) Anavex had used a paid stock promoter to arti?cially in?ate the Company’s share price; and
(ii) as a result of the foregoing, AnaveX’s public statements were materially false and misleading at all relevant
times.

Primoris web site - does not look like any P&D site I've ever visited, very professional:

http://www.primorisgroup.com/services/investor-relations/

With Primoris in charge of its publicity, Anavex has managed to generate some rather powerful hype of its own.
Anavex owes at least some of its newfound popularity to the glowing review published by Kanak Kanti De, a so-called “doctor” who has developed a strong following on ?nancial websites like Seeking Alpha and The Motley Fool (where he ranks as a senior healthcare contributor) by portraying himself “as a retired medical practitioner” with an impressive “M.D.” behind his name. Unless De rushed to pursue a second career in medicine after serving as the chairman of IndoGenic Consultancy—a paid content provider that caters to clients seeking
favorable stock coverage however, his credentials look somewhat in?ated, to say the very least. In the of?cial bio that appeared on its website less than ?ve years ago, IndoGenic described De as “a veteran college principal (retired) with a Ph.D. in English” not a medical doctor—when the ?rm openly showcased his role as chairman of its board.

Kanak Kanti De, his current bio found in multiple places:

My name is Dr Kanak Kanti De, retired medical practitioner, cancer survivor, healthcare sector investor, over 30 years experience in the sector both in India and the United States. I am a top Healthcare contributor on seekingalpha.com and also run an investment tip blog at

http://www.talkmarkets.com/member/drkkd/photos

One of the so-called pump articles that seems very fact filled:
http://seekingalpha.com/article/3597556-anavex-is-not-some-scam-company-it-has-believable-science

I googled Kanak Kanti De M.D.
and found it very odd that only Seeking Alpha associated an M.D. with his name.

So this lawsuit is a bunch of bull...IMO of course.