Replies to post #498791 on Anavex Life Sciences Corp (AVXL)

[abew4me]

Quote: "Roughly 5m shares have been traded around this price over the last week."

5m shares x $10/share = $50 Million.

The reason I believe Anavex is selling shares at the end of the day is quite simple: As a prerequisite of any approval, the EMA may require Anavex to prove they have the necessary funds to run a confirmatory trial. The Anavex team is simply preparing for this possibility.

This is just my opinion, of course.