Replies to post #106271 on Anavex Life Sciences Corp (AVXL)

[Mikesc]

We know LPC...no strings attached
.other financing or partnerships have lots of strings..
JMHO

[riaguy]

The more puzzling aspect of the LP sale is:
If everything is on schedule and Missling has all of the ducks in order, why is LP unloading 5,000,000 shares. What do they know that motivates them to unload on the cusp of success.
Missling owes the shareholders some information quickly.
The timing of the announcement also makes for a rotten long weekend.
The "good doctor" better have tipped off some of the institutional investors or he may be facing a mass exodus.
The science is extremely encouraging but management tactics leave a great deal of doubt as to their competency in operating a public company

[attilathehunt]

I think this was due to the preferred being voted down.

[frrol]

We currently have over $23MM in cash on our b/s. What this S-3 means is that management is expecting significant R&D (ie, new trial) expenses and/or acquisitions, and it still cannot expect or rely on a licensing $ deal or partnership in the near future to fund that. This is not surprising (we got a heads up already with the AGM vote) but is still disappointing for some.