Anavex Life Sciences Corp (AVXL)

[TempePhil]

vg_future, thanks for your comment

- Possibility 1: some partner wants to join the party with a stake in the game. Why would Anavex do a shelf offering if all these days you have been using LPC type private placements...interesting. So, this is a great possibility
- Possibility 2: Anavex is close to some big milestone and needs huge influx of money to carry through the next phase phase...small LPC deals aren't enough for this phase.

Yes, your Possibility 1, is possible, but remember Dr.Ms stance on partners, only for distribution and MAYBE manufacturing. Also, the prospectus states ongoing business and anticipated growth, or something like that. I would take it at face value.

I agree with your Possibility 2, small LPC deals were enough to maintain current trials status quo only. Additionally, it may be(speculation) that Dr.M wants more control over the raising of the capital, or is not happy with Cantor/LPC handling...dunno. I agree with Xenas recent comment, that he will probably be very prudent issuing more shares.