Anavex Life Sciences Corp (AVXL)

[XenaLives]

We're talking 3.5-4 million if sold in the neighborhood of today's price. That's less than 10% dilution. If the stock is around $5 that's two million shares, under 5%.

Where do you get "massive" from?

In edit- forgot about the broker's fees, but we're still not talking "massive", are we?

The Cantor ATM is available but tapping $10+ million inside of a year to fund clinical trials doesn't seem feasible. Even if sufficient funds can be raised through Cantor, massive dilution is inevitable.