Anavex Life Sciences Corp (AVXL)

[TWilson07]

Yes, I meant as in we hadn’t seen $6 for years so the fact the company didn’t raise funds above $5 they expected the share price to be higher going into readouts. The pandemic obviously put a damper on price which couldn’t of been planned for. Anavex has had no problem selling shares in the $2’s and $3’s so for them not to sell any at much higher prices is telling. Missling is prudent and tactical, let’s hope his gamble of not raising more until higher prices pay off and we get the desired price appreciation for the next round of funds.