PROTALIX BIOTHERAPEUTICS, INC. (PLX): Let’s not sugar coat this. They are issu...

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PROTALIX BIOTHERAPEUTICS, INC. (PLX)

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Re: midastouch017 post# 3396

Friday, 02/12/2021 6:19:33 AM

Friday, February 12, 2021 6:19:33 AM

Let’s not sugar coat this. They are issuing shares at a 20% discount. They are doing it only 2 months after the last one. Where is all this money going? Supposedly they had 8 months of funding 2 months ago. Now they are so desperate for more money they’re willing to issue millions more shares at a sharp discount. Are they concerned that they won’t get fda approval? Why would they need more funding so close to $1b milestone payment? Something stinks and we may find out things are much worse than they appear.

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