Anavex Life Sciences Corp (AVXL)

[Jonjones325]

Missling’s course correction whether his doing or not will help Anavex emerge as a stronger company.

He or his board new that Missling could no longer function as a one man show. He was in over his head juggling so many different roles which I believe led him to become a micromanager who is trying to lead instead of a leader who delegates to a trusted team.

The increases in hiring including the ultimate hire (Kun) followed by a new chairman will allow him to focus on his other core competencies in finance, negotiations, partnerships, etc. His last interview with the Asian company showed a maturation as he spoke about things that he may have thought but never really verbalized. He spoke about relationships, trust and team.

After the fumble at CTAD, he realized he was in over his head and made the right leadership decision in stepping back a little doing what great leaders do which is to hand over responsibilities to those who are smarter and more capable.

I believe they took a step back, took a deep breath, reorganized and tightened up the path forward. Yes it’s slow and frustrating, but it will all be worth it.

A necessary step for the next phase of growth.