BioLineRx Ltd (BLRX)

[Spideyboy]

Indeed,

I was looking to get to May 1st before buying, but given the consistent upswing in SP, almost 10% in the last day including after hours, and with the 9 trading days to go before deadline. I find it harder now to believe of any reason for it to go down below 1USD.

I notice that there is almost 0% short interest, and I don't see a reason for shorts to suddenly get on board in the next 9 days to take this to below 1USD.

At the same time at this market cap, it still represents a sound investment as they have the funds to get to go-to-market and reach revenues, despite an R/S.

Additionally, given they are above the 1USD price point, compared to where they were just weeks ago, they would actually be in a decent position to ask for the 180 day extension. That would have been highly unlikely just 3 weeks ago.

The recent unusual upswing in SP has changed the landscape for this considerably.

I haven't put in a large sum but something where I am happy for the gains that could materialise. Of course following May 1st, I will look to add more, and for my sake an R/S would be good to see now. Though that possibility looking certainly lower probability given the last 3 weeks.

Quite unbelievable really.