Anavex Life Sciences Corp (AVXL)

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I think he wants to keep 150 MM cash on hands to always have at least 2 years funding to avoid being desperate during a SP or general economic downturn. It is probably a good idea to always have a shelf available. I don't know when previous arrangements expire. He is a better CFO than CEO. I don't expect any regulatory filings until 2027 or later.

https://ih.advfn.com/stock-market/NASDAQ/anavex-life-sciences-AVXL/stock-news/94270327/form-s-3-registration-statement-under-securities