Anavex Life Sciences Corp (AVXL)

[ALP7]

If Missling keeps to the stated goal of using a distribution partnership with BP for AD, then 2-73 approval will generate lots of cash and enable him to hire even more talent to fill in the gaps. The question then becomes does he have the willingness or aptitude to evolve into a manager of managers.

Or maybe we're looking at another example of the Peter Principle that you referred to and we'll have to wait until the board realizes that he needs encouragement to find his niche.

Many founders have grown their concepts into vibrantly growing companies that start to falter because the founder(s) don't possess the skill set or the desire to learn to manage. For some people it is much more fun (challenging) to start and build a business than it is to manage the day to day operations. When I got to that point I sold my business, but it's hard to sell a business you gave birth to and spent many long hours nurturing and growing.