Anavex Life Sciences Corp (AVXL)

[F1ash]

Ready for the good news?

That ~$27 million in cash on the books is probably much less than they actually have right now.

Realize this. Management has known today’s announcement was coming for many months.

They didn’t file the prospectus for the new 5 million share LPC ELOC until Sept 7th, if memory serves. That means that CM had all of October and November and part of December to “Put” shares to LPC and it will not be reflected on this filing. I expect they used the “accelerated purchase” clause to sell ~100k shares every other day( all from memory) because they knew time was running out on the 3 trials in 2017 gig.

Management should have been able to sell around 3 million shares for roughly $12 million dollars. I believe the next filing will show ~$40 million in the bank.

That’s what the “insider purchases” was probably all about. It was to facilitate the LPC sales imho. I expect a well deserved management “bonus” will be received for improving the company financial statements before year end.