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Re: Kentucky123 post# 431089

Sunday, 09/17/2023 10:19:00 AM

Sunday, September 17, 2023 10:19:00 AM

Post# of 461943
The author makes some factual notes, but in my opinion makes incorrect conclusions and next steps.
$AVXL's equity financing arrangement is just fine for a microcap equity. Particularly with the ability to "put" shares to LPC as needed and not have to rely on "as needed" equity sale deals into a weak sector and equity market. It should also be noted that over the last year investment banking firms have been laying people off and shuffling staff to other parts of their companies until money starts flowing back to equity and specifically biotech equity. Anavex's plan has always been to keep the projects funded until readouts and here we are at readout stage for AD and Rett.

Anavex is large enough now that they should stop working with others to sell shares to raise money. They should hire someone proficient in doing share offerings or selling slowly into the market themselves.


^^^ wrong^^^

Anavex is past that stage and moving into the next which involves partnering with an actual "large enough" partner for the Alzheimer's disease indication.
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