Anavex Life Sciences Corp (AVXL)

[UnderVerse]

If P2/P3 had already underway for a while with initial results known and positive, then yeah Anavex would command the 75-100 multiple over the current $4 price, which would translate to a $10B market cap. However, absent that, to entice a rational investor, either Anavex scrounges up $$$ from somewhere (and assumes a lot of risk) or partners with BP for a 20-25 multiple (reducing risk and the associated reward), hence the $3-4B market cap, in the short term. It's a game of Shark Tank my friends and fellow avxl longs, just on a much bigger scale and consequence.