BioLineRx Ltd (BLRX)

[rocketeer357]

Thanks for your opinion.
1. Would you believe a pump PR from the company over the assessment from an independent analyst! If you're referring to Maxim, that projection was made before the 15 million cash raise in March 2019

2. There is absolutely no reason to do an R/S at this point in time other than to dilute and raise cash. Actually some funds do not buy stocks under $1 OR even $5, but you would know this.

3. 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. This may or may not happen, though there's no doubt it has happened far too many times, especially with bio penny stocks.

As I said, this r/s news sucks. But your statement that the company will be out of money by the end of 2019 is just not born out by the facts: the company has over $40 million on hand with a burn rate of $6.5 million (high end) per quarter. GLTY