Replies to post #115993 on Anavex Life Sciences Corp (AVXL)

[powerwalker]

Dr. M, who knows more than all of us put together, says the cash situation is fine and Anavex has enough for 2 years (LPC might still be used to ensure this fact).

Why do you, Bourbon and others not believe him?

[kld2]

that $20M is insufficient self funding
for the proposals AVXL has voiced.

So obvious. Anyone who has been in biotech for any longer than a week and reads prs on Friday AH knows how much cash companies need to raise for clinical trials. Twenty million? Most serious investors would see this as a red flag.

[sliceanddice59]

It may not be insufficient if you factor in the Australian government, the RETT foundation and MJFF.