Replies to post #366782 on Anavex Life Sciences Corp (AVXL)

[XenaLives]

Regardless of how you type it from 2 in the morning, shares were issued for money in exchange.

The last large block was sold at $21.

This is pure fiction:

Regardless of how you type it from 2 in the morning, shares were issued for money in exchange. Once restrictions come off very often in a bio it looks just like the run up and yesterday did. Lenders do just that, lend money, they make money from that so no real need to speculate. So yeah, the company is debt free, but the shares converting rolling into the market off of restrictions is that debt being paid by shareholders.

Didn't happen here....

[crescentmotor]

the company is debt free, but the shares converting rolling into the market off of restrictions is that debt being paid by shareholders.

You keep referring to financing from common stock sales as debt, which is not correct. Accordingly, there is no "debt being paid by shareholders". Further, the purchasers of those shares during 2021 did so at prices much higher than current stock price levels so are unlikely to have sold those shares unless they were willing to take a loss. Any purchases prior to 2021 are long past any lock-up period. My thinking is that the recent price action was a short attack having nothing to do with AVXL's common stock sales.