Replies to post #416668 on Anavex Life Sciences Corp (AVXL)

[jmvho]

Many thanks Hoskuld!

jmvho

[Bourbon_on_my_cornflakes]

Didn't really understand this comment:

- the reason it took so long to run the p2b/p3 was money (when Dr.Missling took over Anavex was a penny stock with $5K in the bank and $2m in debt) and they added clinics very slowly because they simply could not manage more burn (other may know this but it was new info to me - not the poverty but the pace being dictated by funding, which now seems obvious.)

While it was correct when it noted noted that Dr. M took AVXL from a literal penny stock 10 years ago, by the time the p2b/p3 trial was run, Dr. M had done his magic on the finances and the company was on the 4 years of cash runway plan. So as a reason for slow rollout of p2b/p3 that doesnt really make literal sense, although perhaps he meant that he didn't want to stress cash flow ( and dilution) so they kept it in easily digested segments. either way, he at least acknowledged concerns that the rollout was slow.

generally acknowledged that Dr. M has been genius at low cost financing and minimizing dilution.

[georgejjl]

Hoskuld,

Thank you very very much of your takeaways for today's ASM.

Good luck and GOD bless,