If you don't buy the manipulation theory, do you buy the theory that because Anavex didn't go with the standard wall street financing that there hasn't been any push behind the stock? If you don't buy that theory I would ask how do you explain the SP that SAVA maintained for so long?
The only theory I have seen on the SAVA SP was that of similar market cap. I find that to be only slightly convincing.
Absolutely Correct. Fund managers are rarely the "wait and see" investors. For them to park money for 5 years is inherently losing the opportunity cost of many, many short terms 5% wins.
They have enough capital to jump in late, pay a premium, and still win big.
We smaller retail investors must get in early and hold.