Anavex Life Sciences Corp (AVXL)

[Investor2014]

I suspect Anavex needs a certain amount of cash in order to press the start button on trials.

Back in March the company failed to obtain enough votes for Authorization of up to 10,000,000 Shares of Blank-Check Preferred Stock in General.

Whatever and whomever these 10,000,000 shares, or proportion thereof, were intended for we do not specifically know. It may well have been something that would have seen the trials on their way by now and on which the company had based the early 2017 trial start statements that we read in the Caulfield/Alfred Health end of 2016 report etc.

This has left Anavex with LPC as the only self-funding option, which as we seem to be observing leads to a no news slow bleed stock price situation.

Who the hell voted no???