Thursday, July 04, 2019 12:45:58 PM
This shelf offering is consistent with what should be done, and with what Dr.M has said. Here is why.
THE GOOD
1) We have had enough money to fund the current trials and maintain THIS status quo. Consistent with what Dr.M has said. True. But Dr.M must see those days are coming to an end!
2) However, Anavex is about to move to the next stage, and needs more capital. Cant get a loan, no income, so sell stock, that is a major purpose of stock.
We cannot advance as a 20(?) employee company, with one financial person, no accounting dept, Dr.M going to ERP consortium meetings instead of an engineer, and a high school kid doing our website(maybe)
Seriously, we will need an accounts receivable group, a professional IT group, legal team, chemists, engineers, HR, a PR group and so on, just like the big boys. This shelf offering is because Dr.M realizes that in a few months we may be in the big leagues and need to be ready to play.
3) This offering has nothing to do with takeover, or partnership. Consistent with what Dr.M has said. The only partnership that Dr.M has been discussed is for distribution and MAYBE manufacturing. This is exactly the best path.
DISTRIBUTION: We do not have distribution networks, so we will need 'partners' for that. With positive AD results, we will be the most sought after company on earth. We will not need any partner, except as Dr.M has discussed. These arrangements are usually simple, the distributing company gets a percentage of their sales. They will balk at providing a bundle of money to Anavex for the privilege of working with us. We wont need it anyhow.
MANUFACTURING: As Dr.M has done, contracted out manufacturing of current drug 2-73. This is not a partnership, but could develop more.
4) This has nothing to do with buyout. Period.
THE BAD
1) Dilution. Yes this is dilution. But $250M hopefully can get us several steps closer to the $10B(?) company Dr.M has discussed. Then it will seem like a drop in the bucket.
In conclusion, if you believe Dr.M has been frugal, and a good manager, then this should be seen as good news, as he must see good news already, or expects it in the next 6 months.
If you think Dr.M is a liar, then you will see this as lifetime haircuts.
Also, I realize several MB contributors have come to some of these conclusions also. Hopefully, I have added to their contributions, and correlated their comments. I truly believe the MB collective wisdom is better for ALL the commentors, both positive and negative. And Xenas compiled DD is a great example of that.
Not trying to rival Bio here in length
Recent AVXL News
- Anavex Life Sciences to Present at the H.C. Wainwright 26th Annual Global Investment Conference 2024 • GlobeNewswire Inc. • 09/03/2024 11:30:00 AM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/06/2024 09:21:05 PM
- Anavex Life Sciences Reports Fiscal 2024 Third Quarter Financial Results and Provides Business Update • GlobeNewswire Inc. • 08/06/2024 11:30:00 AM
- Anavex Life Sciences to Announce Fiscal 2024 Third Quarter Financial Results on Tuesday, August 6, 2024 • GlobeNewswire Inc. • 08/01/2024 11:30:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/30/2024 09:20:53 PM
- Anavex Life Sciences Announces Translational Biomarker Data for ANAVEX®2-73 (blarcamesine) in Fragile X Syndrome (Major Cause of Autism) at the 19th NFXF International Fragile X Conference • GlobeNewswire Inc. • 07/30/2024 11:30:00 AM
- Form S-3 - Registration statement under Securities Act of 1933 • Edgar (US Regulatory) • 07/29/2024 09:21:49 PM
- Results from Anavex Life Sciences Landmark Phase IIb/III Trial of Blarcamesine Presented at Alzheimer's Association Conference • GlobeNewswire Inc. • 07/28/2024 09:00:00 PM
- Anavex Life Sciences to Present at the H.C. Wainwright 5th Annual Neuro Perspectives Virtual Conference • GlobeNewswire Inc. • 06/20/2024 11:30:00 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/17/2024 11:30:10 AM
- Anavex Life Sciences Announces Expansion of Leadership Team • GlobeNewswire Inc. • 05/22/2024 11:30:00 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/17/2024 10:01:00 AM
- Anavex Life Sciences to Present at the H.C. Wainwright 2nd BioConnect Investor Conference at NASDAQ • GlobeNewswire Inc. • 05/14/2024 11:30:00 AM
- Shareholders that lost money on Anavex Life Sciences Corporation(AVXL) Urged to Join Class Action - Contact The Gross Law Firm to Learn More • PR Newswire (US) • 05/10/2024 09:45:00 AM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/09/2024 08:35:55 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/09/2024 12:00:30 PM
- Anavex Life Sciences Reports Fiscal 2024 Second Quarter Financial Results and Provides Business Update • GlobeNewswire Inc. • 05/09/2024 11:30:00 AM
- The Gross Law Firm Announces the Filing of a Securities Class Action on Behalf of Anavex Life Sciences Corporation(AVXL) Shareholders • PR Newswire (US) • 05/07/2024 09:45:00 AM
- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 05/06/2024 10:03:33 AM
- Anavex Life Sciences Corporation Sued for Securities Law Violations - Contact The Gross Law Firm Before May 13, 2024 to Discuss Your Rights - AVXL • PR Newswire (US) • 05/03/2024 09:45:00 AM
- Anavex Life Sciences to Announce Fiscal 2024 Second Quarter Financial Results on Thursday, May 9th, 2024 • GlobeNewswire Inc. • 05/02/2024 11:30:00 AM
- May 13, 2024 Deadline: Contact The Gross Law Firm to Join Class Action Suit Against AVXL • PR Newswire (US) • 04/26/2024 09:45:00 AM
- Contact The Gross Law Firm by May 13, 2024 Deadline to Join Class Action Against Anavex Life Sciences Corporation(AVXL) • PR Newswire (US) • 04/19/2024 09:45:00 AM
- The Gross Law Firm Reminds Shareholders of a Lead Plaintiff Deadline of May 13, 2024 in Anavex Life Sciences Lawsuit - AVXL • PR Newswire (US) • 04/16/2024 09:45:00 AM
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