Anavex Life Sciences Corp (AVXL)

[F1ash]

They were still holding more than a million of the six million odd shares 'PUT' to them.

Not exactly correct.

First off a Form S3 was filed on May 26 which updated the LPC/Anavex status.

"The Company previously filed a registration statement on Form S-3 (File No. 333-207600) on October 26, 2015, which was declared effective on September 6, 2016 (the “2016 Registration Statement”), which registered for sale by Lincoln Park up to 6,754,609 shares of our common stock issued or issuable under the Purchase Agreement, inclusive of 269,397 shares of common stock issued or issuable to the Selling Security Holder for no cash consideration as commitment shares. 5,787,235 shares of common stock registered under the 2016 Registration Statement have been issued to Lincoln Park and 5,654,700 have been resold by Lincoln Park as of the date of this prospectus. No commitment shares are being registered under this prospectus."

http://secfilings.nasdaq.com/filingFrameset.asp?FilingID=12095946&RcvdDate=5/26/2017&CoName=ANAVEX%20LIFE%20SCIENCES%20CORP.&FormType=S-3&View=html


You can check my math, but I come up with ~132,535 shares still in LPC's possession as of that filing.

The million shares, you may be referring to, are roughly the number of shares that were left "available" to be "put" to LPC because dilution was limited to 20% (Which is where the 6,754,609 figure comes from). That number was increased by an additional 5,000,000 shares in the same S3 filing as authorized by shareholders recently.