Replies to post #73801 on Anavex Life Sciences Corp (AVXL)

[pcguy]

To clarify:

The purchase price per share for each such Regular Purchase will be equal to the lower of:
• the lowest sale price for our Common Stock on the purchase date of such shares; or
• the arithmetic average of the three lowest closing sale prices for our Common Stock during the 10 consecutive business days ending on the business day immediately preceding the purchase date of such shares.

They Then own the stock and can sell at any time they wish. I believe there is also a cap of 10% of the outstanding shares that they can own at any one time, but would have to check. This may become a good trading stock...