Anavex Life Sciences Corp (AVXL)

[Investor2014]

LP is buying 5M shares at aggregate maximum of $29M. That is minimum $5.80 per share.

When LP 'off load' those shares and to whom is unknown, although one must presume only when they can get at least $5.80 a share average.

I am petty sure that when Missling says fully funded for was it 2 years, then he means including drawing on the already publicly know LPC facility - as good as cash.

Missling has also indicated several times that Anavex will partner, but for the commercialisation stage. I take that to mean that we can run all 3 announced trials with the combination of grants and LPC.

If correctly interpreted, I think that is smart and in investors best interest.