Replies to post #99758 on Anavex Life Sciences Corp (AVXL)

[riverterracekrew]

Bounce not really happening like expected, low volume not much interest today it seems. Maybe we shall see more pressure tomorrow

[frrol]

Yes. The fully diluted share count is approx 44.5mm, well below the current authorization of 100mm. This includes any warrants and potential convertibles (of which there are none). No reason to authorize an expansion nor a big black-check preferred, though some managements try and succeed. I voted no and will have some questions for the AGM before I get comfortable with it. We've got plenty of authorization right now to further our current pipeline, which management represents as being attractive for partnerships. That doesn't add up to what they're asking, so I need clarity.