I don't think it is irrelevant when this stock is falling apart. Every stone should be overturned....again.
You know what...you're a stupid individual. Really stupid. Transparent....? Uh...good one I guess.
He knows nothing...the answer is NO. Look at what is happening around you, please.
"It's easy to get lost among this plethora of useless reverse mergers, stock disappearances, and delayed quarterly filings. After digging into the history of this long-time Anavex that orchestrated the company's founding, I have found a long path of sketchiness and questionable operations. Is it really reasonable for longs and the market to believe that the next standard of care for arguably the most difficult indication in biotech would come from a former online photofinishing company that was turned into a biotech company through a reverse merger lead by a, more or less, career penny stock scammer?"
First Cypress Technologies, Inc. (FCYP): Harvey Lalach was announced as being appointed as the CFO of this diamond mining company in May 2003, with the release stating, "Mr. Lalach has been actively involved in diamond exploration in central and eastern Canada." There seems to be something odd going on here as the company approved his appointment, yet put out an 8-K the next month saying that Lalach declined the position. The initial press release also states, "Mr. Lalach has served as Director and Officer in a variety of OTCBB (Over-the-counter Bulletin Board) and TSX (Toronto Venture Exchange) companies."
Filmagic Entertainment Corporation (FMAN): Harvey Lalach was appointed director of this firm, formerly known as Roedeinger Medical Systems, MEDX, Inc., and Cotton Tree Inc., involved in the motion picture business in what appears to be 2001. The company abruptly announced a reverse merger into InstaPay Systems, Inc. (IPYS) in late 2002, with Lalach holding his position through mid 2003. The company is now defunct.
It's easy to get lost among this plethora of useless reverse mergers, stock disappearances, and delayed quarterly filings. After digging into the history of this long-time Anavex that orchestrated the company's founding, I have found a long path of sketchiness and questionable operations. Is it really reasonable for longs and the market to believe that the next standard of care for arguably the most difficult indication in biotech would come from a former online photofinishing company that was turned into a biotech company through a reverse merger lead by a, more or less, career penny stock scammer?
I didn't even list all the companies this piece of garbage has been involved with which went down the tubes. Catching on yet?
2. Harvey Lalach: Let's also touch on the long-time leader and member of the C-level suite for Anavex, Harvey Lalach. Lalach was appointed Director, CEO, President, Secretary, and Treasurer back in April 2006 back in the Thrift Printing days. Is he a biotech expert? No, but that didn't stop him from hanging around collecting checks. He continued serving as President and Secretary when the company turned into a biotech company in early 2007, collecting $90,000 a year through a consulting agreement (upped to $150,000 in the fiscal year ending September 2008). He additionally was appointed interim CFO in May 2011 and COO on August 2011 before resigning as an officer and director in June 2012. In departure, he received a nice grant of shares, an expiration extension of his options, and a nice payout. Why bring up Harvey Lalach? Look at some of the past companies he has been associated with:
ACL International LTD (TSXV: ACL.H) (OTC:ACKBF): It was announced in early 2015 that Lalach would be nominated as a director for this Alberta-based firm acquiring Indonesian oil and gas assets from Blue Sky Langsa Ltd. In June 2015, it was announced that Lalach was appointed as CFO, Corporate Secretary, and Director. Mo Fazil, who is President and CEO of ACL International, LTD, is also President of Blue Sky Langsa Ltd.
ITOK Capital Corp. (NEX: ITK.H): Appearing to be listed on NEX board of the TSX venture exchange in early 2015, Harvey Lalach was nominated to be a director of this firm that stated it would be restructuring and relisting on the TSX Venture Exchange, yet it appears to no longer exist from a search on the NEX website. Mo Fazil was also nominated for President, Secretary, and Director.
Assure Energy (NASDAQ:ASUR): According to Bloomberg, Lalach served as President and Chief Executive Officer of Calgary-based Assure Energy starting in late 2002 and assumed the position of Chief Financial Officer in late 2004, with the security being acquired by Calgary-based Geocan Energy (TSX: GCA). Geocan Energy merged into Arsenal Energy Inc. (TSX: AEI), which is down over 75% since it announced its transaction with Geocan.
Quarry Oil and Gas (TSXV: QUC): Lalach was also President of Calgary-based Quarry Oil and Gas starting in July 2003 with Quarry being merged into Assure Energy in 2004, which is now part of the poorly performing Arsenal Energy.
No...the real deal is DILUTION of the stock, and the bloodletting ain't over. Management has been screwing up left and right.
"If they are successful, the company will still make billions." Yeah, and if the Queen had balls she'd be the King.
Get lost already with your nonsense.
There was a great article written last year by an SA writer who talked about AVXL and their ties to Harvey Kalich or Kalick, I believe. Kiss this goodbye.
That's right....my cost was .58, so I'm not complaining. I also sold 4500 at $14.14...same cost basis.
I just choose to be realistic, that's all.