Anavex Life Sciences Corp (AVXL)

[F1ash]

The ' spread will no longer end up in LPC 's pockets but now will be share capital for AVXL
RIGHT?

~Yes

Probably easiest to understand in metaphor form.

Your House = Anavex Stock from Shelf.

You want to sell your house so you can have capital to invest in getting your invention approved.

You could call the “We buy ugly Houses” folks who would buy your house directly from you for cash and then they would turn around and resell your house to someone else in order to turn a profit for themselves.

Or you could call a professional Realtor to list your house for sale and agree to pay them 3% of the sales price they generate by finding you a buyer.

Under which scenario would you generate the most capital from the sale?

ELOC financing (LPC) operates like the “Ugly House” people and ATM financing (Cantor) operates like the Professional Realtor.

Educated folks with nice houses tend to go with a Realtor and Uneducated folks with dilapidated houses are more likely to use the “Ugly house” folks.

It appears Anavex now views their house as too nice to use the “Ugly house” folks anymore.