Anavex Life Sciences Corp (AVXL)

[wildcard235]

I think I agree and disagree. :) I suspect you are correct that "it is extremely rare for no shares to be available," but they don't just need shares available, they need profitable shares available, otherwise it seems like they'd go bankrupt in a hurry.

I don't know the SEC's definition of "bona fide" market making, but it would seem reasonable to me that rules would not require a market maker to act unprofitably.

They definitely trade for their own account, as that is the account they use to "make" a market by working the spread when asks and bids would otherwise not meet.