Anavex Life Sciences Corp (AVXL)

[XenaLives]

IMO - the options plan is one more indication that the company is planning for commercialization.

Without a good options plan you can't make good hires.

Someone very close to me is mid level management with Array. They were hired in 2011 after the Japanese company Astellas bought out OSI. Their stock in OSI that helped bridge the unemployment gap. Array was not looking so good then, this person would not have come on board for straight salary.

IMO - the company is at the stage where it needs this plan. Not voting for this would be really foolish.



The Board recommends that stockholders approve the Plan. The purpose of the Plan is to enhance the Company’s ability to attract and retain qualified officers, nonemployee directors, employees, consultants, and advisors, and to motivate those individuals to serve the Company and to improve the business results and earnings of the Company, by providing to such individuals an opportunity to acquire or increase a direct proprietary interest in the operations and future of the Company. The Plan also allows the Company to promote greater ownership in the Company by our service providers in order to align their interests more closely with the interests of the Company’s stockholders. Stockholder approval of the Plan will also enable the Company to grant incentive stock options (“ ISOs ”) under the Plan that are designed to qualify for special tax treatment under Internal Revenue Code (the “ Code ”) Section 422.