PROTALIX BIOTHERAPEUTICS, INC. (PLX): I completely agree. If this were truly m...

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PROTALIX BIOTHERAPEUTICS, INC. (PLX)

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Re: Kronberg post# 2787

Friday, 10/11/2019 10:28:54 AM

Friday, October 11, 2019 10:28:54 AM

I completely agree. If this were truly meant to be a neutral event with the sole purpose of increasing the share price to maintain compliance with the exchange rules, they would adjust the number of authorized shares by the same ratio of 10:1. Authorized shares would be reduced to 35 million. Instead they are only ‘reducing’ shares to 120 million which means they will be able to dilute by far more than they can today.

We can already see what effect this is having on the share price. It is slowly depreciating day by day. It’s very possible that not long after the RS is implemented the share price will once again be out of compliance for listing on the exchange.

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