Missling’s plan is to keep this going indefinitely so that he can continue to collect a fat salary, out-sized bonuses, benefits, and ever more stock options. Biotech companies like Anavex excel at keeping the lights on and creating new opportunities out of thin air. Missling should be canned and the board revamped but that seems unlikely.
Missling is a master at keeping retail hopeful and enthusiastic, and he knows people desperately want to believe. He’ll find a shiny new object to dangle in front of retail. You’ll see.