Replies to post #509526 on Anavex Life Sciences Corp (AVXL)

[Investor2014]

Absolutely and completely misunderstood or wilfully distorted.

Dr Missling MBA Phd MS has paid for all his options out of his own pocket as a cashless buy!!!

In a cashless exercise, no personal cash comes out of Missling’s pocket or any other option holder’s pocket. The exercise price and taxes are covered by selling some of the shares created on exercise. The economic cost of granting and exercising those options is borne by the company and, in the end, its existing shareholders through dilution and option expense, not by the executive personally.