Replies to post #431752 on Anavex Life Sciences Corp (AVXL)

[ExtremelyBullishZig]

Still seeing black SUVs and black helicopters following you?

[boi568]

His reasoning has deteriorated and, in this case, so has his writing.

One side note on recent comments popping up the Anavex could be subject to a lawsuit for the dropping share price: This is garbage. Companies can be sued for materially false statements that buyers reasonably relied on when they bought at subsequently inflated prices.

Applying that rule here suffers from two basic problems:

1. There are very few injured buyers who bought on a December price surge, given the immediate shorting. That cuts down significantly on potential contingent attorneys' fees, and attorneys willing to undertake such a case (not to mention any theoretical damage liability by Anavex).

2. As far as can be determined, Anavex has not made any material misstatements. Apparently, OR was in its SAP and the company has not declared specifically how it arrived at its December claim of 2b/3 trial success. Since then, the company has maintained its December bottom line position. Anyone plaintiff contesting this would, unlike our pseudonymous posters, be put to their proof. Speculative message board opinions are, surprisingly, not proof of anything.

3. "Confusion" is not a legal theory of liability. There are lots of confused people in the world; often, they are just stupid. Their state of mind is not something they get to sue about. Further, the fact that the stock price has dropped since December is not something to sue on, either. That's an even dumber theory, if possible. Who guarantees you your stock price has to rise?

[Investor2014]

You are just taking one sentence out of context in a post that is in fact overall positive, but your head is so full of FUDge that you can't see the wood for trees.