JJ, you will like this. My son is a programmer, a young one, soa I explain it to him that anavex is like Microsoft, when Microsoft was a few guys working on something called DOS...out of a house! They had not sold a copy yet but companies were interested in it, and they were working the bugs out.
They had not sold the first copy yet....and the stock was $3.
As some would say, No Sales, No Revenue, Negative PE ratio! Oh My!