Anavex Life Sciences Corp (AVXL)

[Anshu2]

Rather than trashing CM endlessly (yes, I am also guilty of that), better is to — accept the reality. He is the way he is. We can’t change him, or influence the board to replace him.

Key Q is: Given all the facts, what is the company worth now? Is it worth buying or holding? My take is:

1. AD’s trail as a P2 trial was a success.
2. Rett approval is a serious possibility.
3. Puts company worth $1-2B now, and potential to greatness over next 5 years (with a successful AD P3, which is certainly plausible).

Market seems to like AVXL in this price range — my reading of the recent action. No doubt about it. WHY? Market is certainly the smarter one here.

CM’s ineptness is very frustrating—but perhaps, is a blessing in disguise .. in that, it presents an opportunity?

I personally am slowly reducing my position until the CEO’s ways changes (too disturbing to handle otherwise, for my taste)..