Anavex Life Sciences Corp (AVXL)

[abew4me]

Yup. If they hadn't hired Dr Missling back in 2013, there is a very good chance that Anavex wouldn't even be here today.

Here is the statement from their accounting firm:

"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


Thank God they found Dr. Chris Missling...

When Dr. Missling came aboard in 2013 there were only 1 or 2 employees.

Since then the company has had tremendous (employment) growth in preparation for the commercialization of their new drug, Blarcamesine. (See below)

2013...Dr. Missling is hired
2014 = 4 employees
2015 = 7 employees
2016 = 10 employees
2017 = 10 employees
2018 = 13 employees
2019 = 16 employees
2020 = 20 employees
2021 = 25 employees
2022 = 37 employees

https://www.macrotrends.net/stocks/charts/AVXL/anavex-life-sciences/number-of-employees