Anavex Life Sciences Corp (AVXL)

[maverick_1]

Largest Inst’l Holder of 3.5 mln AVXL, Park West Asset Mgt SOLD all IMHO:

Believe it is the largest instl holder of AVXL SOLD the 3.1 mln of it's AVXL after 2.5 yrs of AVXL ownership and likely dumped the rest to essentially LOSE ~20%+MONEY on AVXL since late 2016!

Began with:PARK WEST ASSET MANAGEMENT LLC 12/31/2016 1,500,000 1,500,000 New 8,790

PARK WEST ASSET MANAGEMENT LLC 03/31/2017 2,962,090 1,462,09097.47

PARK WEST ASSET MANAGEMENT LLC 06/30/2017 3,302,827 340,737 11.50 14,665

Ended withPARK WEST ASSET MANAGEMENT LLC 03/31/2019 3,495,615 0 0.00 8,984
Source: nasdaq.com

It has actually transpired just like I envisioned!

Lots of industry developments since Park West began investing in late 2016 without much AVXL countering progress likely were their reasons to sell: I should know since I am a retired Money mgr/analyst

Moreover, it is exceedingly rare that AVXL being added to Russell Indices and the ADD (AVXL) declines
and precipitously.

Pending SEC Shelf dilution; LPC (atm)shares.

We'll find out by Aug 15th! who the seller and buyer was for 2Q 2019

BTW:

maverick_1 Tuesday, 10/30/18 03:27:14 PM
Re: OFP post# 170336
Post # 170385 of 203031

NONE of AVXL’s Inst’l investors IMHO really have the track record in biotechs; Nor is it a meaningful position to their $under mgt; AND their AVXL is at a LOSS AND Too Early in AVXL’s Clinical pipeline UNTIL AVXL nears reporting of significant results for them to ADD to lower their cost basis should it warrant that!

So IMHO premature self aggrandizement pervades this issue

I sold years ago >$10 and see this still as dead money: Sell on the news is what’s taken place along with derisking portfolios for this peaking of WW economic and US economy courtesy of WW debt buildup w/higher Int Rates Student Debt Crisis Growing etc.

DIFFERENT STROKES FOR DIFFERENT FOLKS