Anavex Life Sciences Corp (AVXL)

[Gator328]

Why now? Because a lot of people I think believe and hope Anavex will hit it big with approval, but they aren't prepared to lose everything if it doesn't.

The person who bought 1000 shares at $10/share and then averaged down and now has 4000 shares at a $5 average has 2x more than his originally intended investment, and for a lot of people that is too much exposure for an outcome that is by no means guaranteed. So, this investor may decide that now is the appropriate time to sell 2000 shares at $5.

I think what we are seeing today, however, is more shares being added to the float via LPC. Whenever I base calculations on potential value, I always use the fully diluted 100M O/S share count because I think its only a matter of time until all available shares are issued. This is why I was against the preferred shares -- yes, they can be used as a poison pill to prevent a hostile takeover but there are other mechanisms to accomplish that as well. Blank preferred shares are also used to circumvent the O/S authorized total in the corporate bylaws and I believe this was Missling's intention when he pressed the issue a few years back.