Anavex Life Sciences Corp (AVXL)

[ignatiusrielly35]

Genius. Induce a pump and then dump the shares onto warrant exercisers to raise cash at a higher price. The other shoe to drop: those warrants will also serve nicely as a short hedge. The shorting will obviously occur above the $33 exercise price. You are going to see some serious volatility there.

Best “legal” pump and dump scheme I’ve seen. Nobody can plausibly allege the company did anything other than collaterally incentivize the market to carry it out, while raising capital.