Anavex Life Sciences Corp (AVXL)

[jimmy667]

How will you prepare for what is likely to happen to share price if the PDD trial just shows some improvement in some prespecified subgroup? Or shows nothing of significance? Since you believe that the Anavex management has no sure way to have anything close to a sure idea of what the results of the PDD trial would be; what actions do you think Anavex would have or should have taken to secure continued funding at a reasonable cost of share dilution?
If there was a deal to be done to share this risk prior to the the release of the PDD trial data it seems logical the Anavex would have done this deal even if they could have done better later with stellar results because if less than stellar there might not be a deal at all and with a drastically reduced share price pool from which to sell for funding. Then add the information from the Q10s regarding share sales. Something on the order of 1.4 million shares the last quarter ending March 31, which completely halted prior to the May 7th up to date report on share sales, compared to 4.7 million shares sold the quarter ending Dec 31st?
What would a reasonable CEO do? At what point would failure to raise cash when the opportunity presented its self prior to this binary event constitute negligence?
The best thing Missling could have done if there was an opportunity was to make an equity stake partnership agreement for a set percentage of Anavex ownership to be consummated by issuing shares in exchange for money and possible development or marketing duties going forward. The price to be determined by the results of the trial. A shared risk agreement.
If there was no opportunity to make such an agreement it seems the it would have been reasonable to sell at least the normal amount of shares prior to PDD results or that due to the OLE data Missling had a very good handle on a high probability of very good results forthcoming.
If you stick to what I feel is a non answer to the facts presented ie. "that the Company had enough money at the time" which ignores the fact that without good results and no more results due for a very long time that there is a probability that Anavex will have a hard time raising funds at anything close to the opportunity Anavex had prior the the PDD trial data, then would it be reasonable for one that shares your belief to off load a substantial portion of risk by selling shares prior to the PDD release?