Anavex Life Sciences Corp (AVXL)

[Steady_T]

First, the company has plenty of money in the bank. More than enough to get "a very large P3 AD trial" started.
Second, trial costs are not paid up front, the costs ramp up over a considerable time frame.
Third, Missling is much better money manager than what you are suggesting. If he decided to raise more money he would do it over a period of time so not to drive the share price down.
Forth, most bio techs were down today. Sava was down almost as much on a percentage basis as Anavex.