Replies to post #124558 on Anavex Life Sciences Corp (AVXL)

[Bourbon_on_my_cornflakes]

Sufficient means sufficient for the next two years.

Rett trial and Parkinsons trials are only 3 months long and have grants providing much of the funding. Rett trial estimated to cost $1 million, with about $400K funded by Rett Foundation. So cost to AVXL only around $600K. Would figure the parkinson trial has similar economics.

Alz trial is only 1 year, and Australian govt doing most of the heavy lifting and absorbing the costs.

With that, $24 million IS enough for the next two years.

Missling delivers on his promises.

[A_Good_Day_2]

Again... comprehension is a necessary and important quality investors should learn to develop.

Here is the exact question asked:
“What are going to be the costs projected for the next phase of trials and is the company well-capitalized to do that? Do you need to go out to the market to raise more funds or should we be expecting a partner with this good news that you have so far?”

Here are Missling’s exact words in response:
“So, the finances are mentioned in the last slide. We have two years of cash that includes all the budget for the studies we have announced we will entertain. Which is the Rett Syndrome study, which is the Parkinson’s Study, and which is the Alzheimer’s phase 2/3 study. So we are well-funded. We right now don’t need to raise any funds.”

He says we do not need a partner at this time. He says we don’t need to dilute. And he says we have enough cash on hand right now to fully fund the projected budgets for all three trials.

That is what he said, like it or not. Thems the words.

Now... you may doubt that what he says is going to work out as he expects, but he said what he said and you can’t change it.

[Rubyred77]

This company is imho way too small to deal with the three upcoming trials on its own, and I doubt they have sufficient cash to support all three trials without a partner or partners.

Anavex is working with Rett Foundation for Rett, MJ Fox Foundation for Parkinsons. I wouldn't say that Anavex is going at it all alone.

Just sit back and watch Missling EXECUTE. I'm sure he has his funding already lined up and ready to catch the doubters doubting.