Anavex Life Sciences Corp (AVXL)

[Gator328]

Just 2 questions:

1. Why would Dr. Missling not take a lump sum of cash over more shares if he knew those shares were backed by garbage data?

2. Why would Dr. Missling lie or hide the truth when he has $130 million, no debt and a huge pipeline of drug candidates? If his intention is to scam investors, wouldn't he be better off abandoning Sigma-1 altogether and use some of that cash to acquire a late-stage company or hire a dream team of scientists to invent something new? Blarcamesine is over 10 years old, there's not much left to extract if Dr. Missling's goal is to bleed out the corporate coffers.

Someone recently asked me what skewed my opinion from neutral to more bullish? I acknowledge the possibility that anything can happen, which excludes me from the WGT crowd, but that's okay. I'll judge the company at this point based partly on the conviction I see from the CEO. I don't see someone who looks panicked or someone who is trying to bluff his way out of a bad hand. I see a CEO who is confident that he has the goods and isn't in any hurry to appease a few impatient shareholders.

Anavex is something like 30% institutionally owned. And yet not a peep from a single fund manager, at least publicly, about any of Dr. Missling's perceived shortcomings. Not a single one has proxied shareholders for a BoD change. If things were so bad, where are all the activist fund investors? To me, that speaks volumes more than the opinion of a bunch of message board amateurs on their home office PCs.