Replies to post #2790 on PROTALIX BIOTHERAPEUTICS, INC. (PLX)

[king oil]

That might be true but it’s not working. As the share price continues to deteriorate, shareholder equity continues to fall. If this were their plan it’s failing already and the RS hasn’t even happened yet.

[Kronberg]

To be honest, I don’t completely understand these financial tricks, my son could help but he’s very busy now, so I don’t want to bother him.
Let's talk about a more understandable area of financial resources of the company. After the first quarter they reported "On March 31, 2019, the Company had $30.4 million of cash and cash equivalents" and after the second quarter "On June 30, 2019, the Company had $25.1 million of cash and cash equivalents".So, it’s safe to assume that they have sufficient money for two quarters plus. Previous management said that it believes financial resources are sufficient up to FDA clearance. Protalix In active partnering discussions about OPRX-106.The company has ~17 months to eliminate the listing deficiency. So their rush with RS, etc., is not clear. Almost the simultaneous withdrawal of three people by top management does not add to their trust.