Anavex Life Sciences Corp (AVXL)

[k9uwa]

Lets ADD to what Red said: First comment a few of us posters to Ihub who complain about our CEO won't mean Beans when it comes to voting our shares. Next part. Institutional ownership increased from around 30% to 39.24% DURING the first quarter of 2024 Jan1 through March 30. During that time our price dropped $6 to $4. Also in Mid March the Ambulance Chasing Lawyers and Adam Fartstain came after us with their hope of a lawsuit. These same law firms and Adam did exactly the same thing to us several years ago.
Those institutions 200 of them kept on buying. State Street Corp owns 7,299,007 shares. They bought OVER 50% of those shares during the first Qtr of 2024. Their AVERAGE PRICE is $8.68 per share.
Blackrock Inc owns 6,645,538 And yes during 1st qtr they sold off 25,000 shares a mere pittance compared to thee 6.6M they own Their average PPS is $7.32.
Vanguard Group INC owns 4,414,682 and they bought 54,034 during the first qtr of 2024 Average Price is $6.85
GEODE CAPITAL MANAGEMENT, LLC owns 1,712,727 during 1st qtr they bought 47,363 shares Their average for all shares $7.93
BANK OF AMERICA CORP owns 851,128 shares During the 1st qtr 2024 they bought 646,190 yes 3/4ths of what they own bought last qtr avg price $7.39
Now something interesting about all 4 of these companies. State Street, Vanguard, Geode and BAC have OWNED ANAVEX shares since Q4 2015 Blackrock first bought Anavex Q2 2016. Those five own 24.4% of Anavex. The other 190 institutions own 15% of Anavex.

I also have owned Anavex since 2015. And yes us RETAIL still own or did own as of 30 March 2024 60% of Anavex. There is a good chance that end of 2nd Qtr the Tutes will own considerably larger percentage of Anavex. They are not looking for a couple dollars per share payday. Many of them have price averages in the 12 to 15 bucks per share range. None of them are here to gain a couple dollars per share. They know where Anavex is going and they will stay there until they get a drug or drugs approved. So who is buying these days? Smart Shorts buying out of their short position. Smart Institutes buying in and those already here buying more shares.

Those institutions have a lot more ability to find out about a company than the whole collective bunch of us on I-hub and ST.
The Source of the above numbers is Whalewisdom https://whalewisdom.com/stock/avxl If those Institutions wanted Missling gone then he would be gone.

Another interesting tute. CITIGROUP INC First into AVXL Q2 2016 they have 571,645 shares. They bought 468,957 of those shares 1Q of 2024 That is nearly a 500% increase in the shares they hold.
The majority of these 200 institutions are sure that Anavex will bring a drug to market. Otherwise most would not be here. They are increasing their ownership in Anavex. Sorry they don't have to file their 13F/D/G's until 45 days after the end of the Qtr. Some will file early by mid July you will see a few of them reporting.

I'll take the silent word of these Tutes over the bunch of Fudsters on Ihub ST etc. For those who think Missling could care less what the price is of Anavex Stock.. think about this. He owns 1,250,210 shares. At $4 thats 5M. If the price goes to $40 as predicted by a couple analysts then his shares are worth 50 Million. As to WHEN this will happen? Don't ask me... I say it will be in Due Time. Many of us want it yesterday... we have friends relatives and would like to see it happen for ALL the patients of CNS diseases.
John k9uwa