The guy is being asked to present at worldwide venues. Germany uses a Hospital exemption to speed up approvals.
How does a short cover then? He said it was due to reverse split on Bulletin Board stocks. Sounds like covering can start with uplisting. $20+
Worldwide audience at OktoberINVESTfest. Stock flew after Ladenburg presentation ! Discovered on Google.
and a great CNS pipeline worth BILLIONS
Shares Outstanding5: 124.50M
NEW FLOAT AND OUTSTANDING SHARES WILL BE 1/4 These pre split numbers. 31m OUTSTANDING and 28 float.
Possibly $400 in time.
Anavex‘s common stock will temporarily trade under the ticker symbol “AVXLD” for a period of 20 business days after the effective date of the reverse stock split to signify that the reverse stock split has occurred. After that time or earlier once NASDAQ approves the uplisting requirements, the “D” will be removed and our Company’s symbol will once again be “AVXL.”
Our proposed listing on the NASDAQ Capital Market is subject to review by NASDAQ and dependent upon the company meeting certain listing requirements, including the maintenance of a minimum closing price of our common stock of $3.00 or more for at least five trading days. The company’s common stock will begin trading in the marketplace on a split-adjusted basis upon FINRA’s approval of the reverse stock split. After the reverse stock split, should NASDAQ approve our listing application, it is expected to take approximately 5-10 business days to complete the listing process.
after split outstanding only about 35 million.
Conference coming and further news rest of year and lower shares means $80 post split.
Post on Seeking Alpha and point out all the real scientific facts and tons of funding the company has. 2 years+ of money and MJF foundation, partnership goal, uplisting goal, and the fact that patient and families demanded more medicine because it works !!!
Sorry short bashers, good try.
I think they will have to buy back above $3. AVXL doesnt need cash !! And Michael F Fox Foundation did long DD on company.
CEO also says they have enough cash for at least 2 years including trial expenses. ALSo Michael J.Fox Foundation granted them for Parkinsons !!