Anavex Life Sciences Corp (AVXL)

[Gator328]

And because there are no sales, it is unreasonable to believe that the stock should be trading at crazy valuations that some people are throwing out all over the Internet forums.

Wait until there is approval. That will give a nice pop. Wait until there are sales. That will give an even greater pop. Wait until there is a buyout. That will give the valuations many people want to see.

Until then, no sales = high risk. Markets don't like risk.