Anavex Life Sciences Corp (AVXL)

[justthefactsmam]

noticed it was the final tranche when i went back and looked at the various purchase agreements. with respect to the most current one, there is a $3.00 floor below which avxl can not push shares onto LPC as noted from language in the annual report:
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We generally have the right to control the timing and amount of any sales of our shares to Lincoln Park, except that, pursuant to the terms of our agreements with Lincoln Park, we would be unable to sell shares to Lincoln Park if and when the closing sale price of our common stock is below $3.00 per share
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looked back at the various quarterly and annual reports and noticed ahortly after the current purchase agreement was put in place and after the 1:4 reverse split there were roughly 34.6 million shares outstanding. as of 1/22/19 there were roughly 46.9 million shares outstanding. that around a 36% dilution which most likely is fully attributable to LPC selling shares into the market.

since avxl has moved from a closing price of $1.52 on 12/12/18 to a closing friday of $3.08 it seems likely that avxl might just push a few more shares onto LPC which leads me to believe one might see a 2x to 3x increase in average daily volume during the week of april 8 based on looking at past 2 to 4 day spikes in volume.

i will be keeping an eye toward april and any volume spikes given the prospectus release last week.