Anavex Life Sciences Corp (AVXL)

[Gator328]

Thanks for the analysis, Tom!

I agree with most of your projections. I didn't end up buying at $3.30 yesterday because I too think it can bleed out a bit more.

My question is what happens if it fills the gap all the way back to $2.80? It would need to hold that otherwise it may get ugly short term.

With 250M dilution coming sooner or later, it seems most investors are gearing up for the possibility that all 100M authorized shares will be issued. I think it's only a matter of when, not if, Dr. Missling informs the shareholders that he needs to increase the A/S limit. If this shelf registration were for $25M I bet the stock price would still be around $3.80 today.