Anavex Life Sciences Corp (AVXL)

[sokol]

I agree. June 30, 2021 cash was 157.50 million per latest 10Q. Looking at the last year, the company burnt through US$25m, but Anavex seems to be ratcheting up spending. Even if we assume Anavex increased spending from over 2 million per month to 2.5 million in the last three months, Anavex should have $150 million cash on hand before this next raise. If Anavex raises $150 million within a month, it may have something around $297 - $298 cash on hand. If spending doubled from last year (from $25 million to $50 million), Anavex would have cash to last almost 6 years. I don't see Anavex spending $50 million per year on clinical trials. It is most likely for a Rett launch.