Just a comment FWIW re: Missling's stock sale.
1. In my mind it's a TERRIBLE look to anyone with an objective mind. When the guy with the most knowledge is selling why should I hold. Very reasonable thought.
2. This is speculation (as is most everything else on this board), but I think Missling sold to deal with a April 15 tax bill. It could be related to his earlier options sale where he didn't withhold enough tax, perhaps 2024 estimated tax, some other tax event that is unknowable by us.
3. My driver on thinking it's a tax payment event is the timing. It's before they expire and also before April 15. Maybe he could have waited, but was concerned about insider information and not being able to sell later, Again, speculation.
4. I haven't done a audit of all Missling's options, but I think many of them are vested at below current prices. I know for a fact that his $0.92 options expiring in April 2025 totaling 500,000 are vested (just date milestones, not execution or business milestones). So he could have also converted those at the same time to about $2 million in cash (before tax) and he didn't do that. Why? Who knows, but that's a good fact.
Last thing not related to the stock sale is that on LinkedIn the total employee/contractor headcount is up to 49 or 50 depending on which page you sort on. That's up 4 or 5 from a month or two ago. The newest one looks like a guy with 7,000 followers on LinkedIn. Might not mean a thing, but Anavex is able to hire people to work for them even with all the negativity surrounding the company.
