Anavex Life Sciences Corp (AVXL)

[skitahoe]

I was reasonably impressed by the presentation, but clearly the market wasn't. I know peer reviewed Journals take a substantial amount of time, but I gather the submission was many months ago, before I was an investor, I would think that Missling could be more optimistic than saying they expect it this year. I can understand him being frustrated with progress to date, and he's right, it's out of his hands, but if he said we're hoping for it soon, but certainly this year, it would sound far more positive.

I've gathered from NWBO's experience as investors view it that at least the UK regulators were working closely with the company prior to the actual submission. If much the same thing is happening with the Europeans, the regulators will know and have agreed on substantially what's in the submission. If this is in fact the case, the submission won't be made until all are happy with what's in it, but it should sail through it's review rather quickly. I don't know if this was in fact a rolling submission, or not, if anyone knows for sure I'd like to hear about it.

With 4 or more years of funding, I don't believe that there will be a problem achieving one or more approval well before funding becomes a problem. Approval could actually temporarily increase spending, but then revenue will kick in and it will become a net positive. I believe that Missling is playing his cards very close to the vest, but in time good things will be happening. I will probably be buying more, but am waiting to attempt to see where this bottoms out.

Gary