Anavex Life Sciences Corp (AVXL)

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I was thinking of it in the context of the shareholders rights plan, the 20 million preferred shares and now the requested authorization for 100 million more shares.

Someone with a friend in the money industry once posted that the first two would be insufficient to thwart a takeover which got me wondering.

I once owned a company that developed a novel antibiotic.
From the beginning they made it clear they wanted to be bought out.
As the near certain positive trial results approached and the offers were too low the company issued shares and raised 115 million under the guise of funding a sales force and manufacturing capabilities.
The fair priced buyout quickly followed.
The transparent bluff worked.

I'm not suggesting this is Anavex's plan, just saying the ability to access a bunch of money can be a powerful tool.

I'm with falconer in that I'll vote yes to all proposals.
And I was pleased the 20 million preferred thing passed a while back.