Anavex Life Sciences Corp (AVXL)

[Jonjones325]

From Flash

"Overview of a 10b5-1 Plan
Under Rule 10b5-1, directors and other major insiders in the company – large shareholders, officers and others who are able to access material nonpublic information (MNPI) – are able to establish a written plan that details when they will be able to buy or sell shares at a predetermined time on a scheduled basis. It is established this way so that the insiders have the ability to buy or sell shares when they are not in the vicinity of MNPI. This also allows companies to utilize 10b5-1 plans in large stock buybacks."

Since Missling just set up this new 10b5-1. Does this mean a major catylst is "not in the vicinity of MNPI"?