Anavex Life Sciences Corp (AVXL)

[poguemahone]

Bourbon:

Thank you for the update of the SH meeting. The only thing that does not make any sense, and perhaps you can enlighten me, is why did the share price hit a 52 week low if there are so many positive developments on the horizon?

1.22 Million shares sold today. I know some on this board will say "but there were also 1.22 Million shares bought"-as if that is supposed to make us feel better. Many of these shares sold are investors or institutions that finally threw in the towel after Missling's latest update, which more or less is "we haven't started a trial yet, but hang in there, it will eventually happen (maybe)."

As much as I try to remain optimistic, it's days like these (after waiting months for updates), that really make this difficult.

One thing does seem correct after today's update--there is no cabal. The reason the price has been falling these past 6 months is explained by this morning's press release. Apparently, some investors were made aware or correctly speculated that the company was not going to be meeting its milestones.