sell half now then decide to take up rights , page-6

I'm with you on that strategy, Sailor101. If phase-III results are good, then I reckon it'll be the last time we get to buy AVX for 0.07.

If phase-III results are disappointing, then we can buy AVX for 0.01, probably :-)

I await with great interest to see what the ratio of take-up will be. AVXR have fallen somewhat - no surprise there, but what is most significant is the overall trade; I would assume that every AXVR sold will be exercised.

My guess is that there'll be enough applications for additional shares from the likes of you and I to make up for unexercised rights by existing holders (who for whatever reason don't sell their AVXRs). Avexa directors will exercise their discretion as to which applications for additional shares get whatever amount thereof - whether or not that means you or me is anyones guess.

We're all heading for the end-game now. I'm in for some more pennies having already gone in for many pounds.