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sokol

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Re: LakeshoreLeo1953 post# 243816

Monday, 03/30/2020 9:40:35 PM

Monday, March 30, 2020 9:40:35 PM

Post# of 461360
Anavex does not burn $27.5 per quarter. It burns more like $5 million per quarter. It had $27.5 million on hand year end 2019 as I previously pointed out. In addition, it receives other funding as I pointed out. Anavex may have raised additional cash when its share price was higher earlier this year; however, even with the cash on hand at year end, it had/has adequate funding to carry it past the first quarter of 2021, and it will be receiving additional funding between now and then. In any event, let’s wait and see what the financial situation is next week, April 7.
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