Replies to post #182609 on Anavex Life Sciences Corp (AVXL)

[XenaLives]

We have to remember that Skarpelos, the founder of the company, gave up a chunk of personal stock to get Missling on board.

[Gator328]

I don't know. That's the valid question where its easy to second guess.

I think what is more troublesome is that Missling continues to receive bonuses for performance that has not improved the share price. Now, if AVXL ends up being legit and has the next big drug, he will have earned every cent of those bonuses and 100x more.

But, if AVXL cr@ps the bed in its upcoming trials, no sweat off MIssling's back. He still made millions from his time with AVXL.

I know a lot of people believe that Missling is the perfect CEO. I think he's okay. I've seen better, and worse. He's a bit more aggressive than I think he should be, and I guess I can't tell if that confidence comes from him knowing that he has a drug that has a better than good chance of succeeding, or if it's because he knows he's playing with house money due to his compensation package?

[Bourbon_on_my_cornflakes]

The question is could Anavex have attracted an even better CEO for less money?

I seriously doubt it. Show me another small biotech CEO (under $1 billion market cap) who has:

1. Chemistry PhD to understand the science

2. Top business school Northwestern MBA to understand business strategy.

3. Previous CFO experience to understand company finance.

4. Wall Street investment banker small cap experience to understand how to fight off the short snakes and vipers.

5. A super ability to attract the best in the world to his scientific advisory board.

6. An unsurpassed ability to get others to finance our trials, thus minimizing dilution.

7. A visionary who is leading the effort to bring precision medicine to drug trials.

Most small biotech CEOS can't even tick 4 out of 7 of these boxes. Missling is 7 of 7.

You just have to look at the 4 clown CEOs in a row that ADXS has, to realize how blessed AVXL is to have Missling.

And he doesn't cost much in cash compensation, and most of his options have strike prices in the $6-8 range. So he won't make much until he drives the stock price up substantially.