Anavex Life Sciences Corp (AVXL)

[justthefactsmam]

jimbo,

not sure i understand your comment.

my read of the purchase agreement states that avxl can put shares onto LPC. when that is done, avxl is paid regardless of what LPC might choose to do with those shares.

as long as the purchase agreement is still in effect and as long as the $50 million has not been totally used up, then avxl can still put shares to LPC which they are required to purchase.

in the event of an accelerated purchase, the price must be above $3/share.

avxl can cancel the purchase agreement with LPC at any time for any reason or for no reason at all. so, avxl is not required to completely exhaust the facility with LPC and i see no restriction in the purchase agreement which prevents avxl from using any other "investors" (such as cantor) concurrently with the purchase agreement with LPC.