BioLineRx Ltd (BLRX)

[PennyWorld]

Because I don't buy it. Would you believe a pump PR from the company over the assessment from an independent analyst! They did an R/S in 2015, and they are about to do it again. There is absolutely no reason to do an R/S at this point in time other than to dilute and raise cash. This is a penny stock and the SEC almost always turns a blind eye to junk stocks like this. BLRX may very well be a big winner when their clinical product line finally hits the markets, but between now and then expect to see the R/S used to wash/rinse/repeat to raise cash just like every other penny/subpenny stock does. You will see a ticker symbol change, and they may even change the name of the company to help lure in new investors (post R/S). I've seen this happen far too many times.

If they had great news that they plan on releasing in 2-5 months then they don't need an R/S. The great news itself will propel the PPS up over 5 bucks.

My guess is that in 6 months most incumbent SH will be sitting on a 50+% loss in equity (post R/S). It is what it is.