Replies to post #156725 on Anavex Life Sciences Corp (AVXL)

[Steady_T]

Why would the company sell shares at this price? There is no immediate need for cash. There is an anticipated presentation coming up that could well result in a SP rise.

Having another trial or two approved will boost the share price I would think.

Seems to me that waiting for a while to sell shares is in the company's interest. After all, TGD's shares get diluted along with everyone elses.

[Amatuer17]

“Seems like a logical way to take advantage of the new ATM and immediately put ~6 million in the bank.
That would be something!

Edit: it also makes perfect sense, why announce the good news (trial approval) before they can take advantage of the Cantor ATM? “

So the co knew good news was coming and they still went for issuing such large shares at lowest price?
Why wouldn’t they wait for 2 days and issue new shares at higher prices?

So it is kind of insider info being used by company to give benefits to early investors.

[ExtremelyBullishZig]

I believe what you were saying makes the most sense.