Anavex Life Sciences Corp (AVXL)

[Gator328]

@Kund, I generally dismiss most of what you say because it's not supported by fact but you made an interesting point that's been on my mind for a long time: why no insider buying? If nothing else it shows conviction.

I don't have a good explanation for why Dr. Missling and other insiders aren't buying. It's not for lack of opportunity -- there hasn't been a major purchase in years, if ever -- and no insider is forever barred by SEC rules from purchasing stock on the open market. The best answer I have is that Missling simply gets enough free / cheap shares from the company which indicates mismanagement of fiduciary duties (perhaps), but excess dilution doesn't have any impact on whether Blarcamesine's effectiveness in these trials.

Still, it would be nice to see some insider buying at $10/share. I doubt it'll happen though.