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Re: Reyeton post# 459779

Friday, 05/24/2024 2:09:21 PM

Friday, May 24, 2024 2:09:21 PM

Post# of 470833
Reyeton, let me play devil's advocate.

Anavex has a Sept 30 year end and bonuses are tied to performance during the fiscal year, not the calendar year. His bonus for FYE Sept 2023 had already been determined by the time the Rett results were received and released. It is more likely that Anavex received the data near December 31 as the people doing the data work/review wanted to get it off their plates/desks so they could secure their bonuses.

Once the Rett data was received, TGD, Dr. Kaufmann and Anavex had no choice, but to release it quickly as it was a material event with bad news.


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