Anavex Life Sciences Corp (AVXL)

[bocce]

Quote: "Many buy/hold decisions were made on just such bread crumbs" (i.e., the information in the abstract regarding 15-month data).

Isn't that the very definition of "material information" for purposes of the U.S. securities laws? If the information (positive 15-month results) in the abstract was material information, then the 15-month data that was not disclosed when the poster was pulled could not have been less positive that the information in the abstract without triggering a 10b-5 securities fraud violation for intentionally failing to disclose information necessary to make information that was disclosed not materially misleading. All IMO.

I seriously doubt that Anavex's lawyers would have allowed that.