BTW this is my favorite part. "Lincoln Park Capital has agreed not to cause or engage in any manner whatsoever, any direct or indirect short selling or hedging of Anavex’s shares of common stock."
PRAN is way different approach ( looking to treat some accumulation of ? copper-).. ...I doubt they will succeed. Listen to the AXVL Qrpt, I believe its on Monday. Good luck.
Blaming the market may make you feel better but I believe we wouldn't be this far down if we had a better CEO. He has no guts, lied and most likely folded like a lawn chair when Uli told him to lie or to keep his mouth shut. He is a weak CEO and weak in belief in the truth. Give me someone, man or women who stand their ground and really believes in a strong aggressive approach that will knock your socks off. Davis ain't that guy. Davis is the CEO and has to own the " uncertainty" that is crushing this stock.
Do your DD over the weekend. Breakthrough drug for Alzheimer's Dis. Huge market, about 65 Bill ( that's with a B). $1.23 at this time, once it runs you won't be able to touch it. Solid science. Incredibly complex disease where other companies studies have failed for the last 10 yrs.
Major Breakthrough drug Anavex 2-73 for the biggest market in biotech- 65 Billion, Alzheimer's disease - disease modifying and treatment of cognition deficit.
They could have hired one of several excellent well seasoned CEO's but no, keeping Davis was and is a huge MISTAKE. I said this soon after Uli "retired". It shouldn't have taken more than a few months of searching. This is what is killing this stock at this time. Davis is very defensive, what we need is a very aggressive CEO. Dump Davis NOW. Its not too late.
“Take all you can eat, warm your body with these gifts, share them among your loved ones. Drink the water till your thirst is quenched, eat the sweet fruits. All is for you. I give to you all your heart desires, to live, breathe, and walk in my forest. Sing and loudly rejoice, for your pain shall be soothed and your hunger satisfied with my gifts. Have all. But use all like a poor man spends his pennies, not as a king spends his gold. Listen to the heart of the green forest, the meadows, streams, and animals. Blessed is he that takes what he can eat and no more. Blessed is he the most that returns with a gift in thanks.”
Christopher U. Missling, MS, PhD, MBA
Dr. Missling, President and CEO of Anavex, has over 20 years of healthcare industry experience within large pharmaceutical companies, the biotech industry and investment banking. Prior to joining Anavex, he served as the Chief Financial Officer of Curis and ImmunoGen. In addition, at Aventis (now Sanofi), Dr. Missling worked as head of financial planning on all aspects of financial strategy and M&A. His career experience also includes working as an investment banker in the healthcare practice at Deutsche Bank, serving pharmaceutical, biotech, and diagnostic companies, as well as serving as the head of healthcare investment banking at Brimberg & Co. in New York. Dr. Missling has an MS and PhD from the University of Munich in Chemistry and an MBA from Northwestern University Kellogg School of Management.
" ANAVEX 2-73 also shows SYNERGISTIC activity with three generations of epilepsy drugs currently on the market: ETS (Zarontin ®), VPA (Depakene®) and Gabapentin (Neurontin®) "
Know the Phases of Shorts
1) Bragging about their position
2) Posting misleading or unsubstantiated info
4) Quiet Covering. .............# 3) is key, alerts you they are close to covering.
Limits on the deduction yes, my CPA told me about that. I have not reached it. My problem was I had to down size being retired, had a rock star home in EagleRock, Ca. sold it and bought smaller, but borrowed so i could still have a deduction. The Eagle Rock sale was the highest priced home sale ever in that area. I could have bought a new home cash, but then no deduction. The payment is avg for Calif.
A good friend wanted to buy a second home. She withdrew about $400K from her retirement account and not only had to pay the huge tax on the withdrawal(at her current tax bracket), but it pushed her into an even higher tax bracket and the IRS sent her a letter...she still owes 90K. Now the other bad consequence is Medicare - they will see your increased tax bracket and raise your monthly payment too. Really, you have to have a CPA for those kinds of changes. Its too easy to make a HUGE mistake when it comes to added income.