Anavex Life Sciences Corp (AVXL)

[abew4me]

Yup. It's one thing to build a company from scratch, but Dr. Missling took Anavex from near bankruptcy to where it is now...which is pre-commercialization.

The next time someone complains about the number of options Dr. Missling has, I'll point to this quote from BDI below.


"The accompanying consolidated financial statements have been prepared assuming that the Company will continue as a going concern. As described in Note 1 to the consolidated financial statements, the Company had an accumulated deficit of $41,204,972 and negative working capital of $1,559,211 at September 30, 2013 and incurred a net loss of $3,700,046 for the year then ended. These conditions raise substantial doubt about the Company’s ability to continue as a going concern. Management’s plans in regard to these matters are also described in Note 1. The consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty. Our opinion is not modified with respect to this matter."

/s/ BDO USA, LLP

New York, NY
December 30, 2013

https://www.sec.gov/Archives/edgar/data/1314052/000106299313006497/form10k.htm#page_33