Almost. There is another outcome: Anavex fails the trial, and pursues an over-the-counter route, and in a few years becomes the next Herbalife. Cristiano Ronaldo will wear Anavex on his soccer jersey just like David Beckham promoted Herbalife when he played for the LA Galaxy. Anavex becomes a household name, and nobody cares that the FDA rejected it. It's not like half the country isn't suspicious of Dr. Fauci and the FDA and would see rejection as a badge of honor. Blarcamesine would be available in every CVS, Walgreens, Kroger, and Amazon. Or the company could go the MLM route instead...
Honestly, getting approval just seems easier. I'm fairly certain that's the path of least resistance, assuming all continues to go well with the FDA trials. I am thankful that Dr. Missling is smart and experienced enough to ignore the message board arm chair quarterbacks. There are plenty of instances where criticism is warranted. I just don't see it here, if delays are the biggest shareholder gripe. That seems more like a shareholder's problem to me.