Replies to post #2445 on BioLineRx Ltd (BLRX)

[Spideyboy]

Clearly you didn't even read my post properly. As mentioned these are ADSs that are being changed. Thus, a representation of the BLRX ordinary shares on the TASE. Hence the Board of Directors can amend the proportion of the ADS representation.

This has the effect of an R/S, but in legal terms this is not an R/S, hence the shareholders/stockholders are not needed to be involved in the change of ADS ratio.

This was made clear by the provision of the link I gave, which showed the change in ADS ratio the BLRX management already did in June 2019, acting LIKE a 1-for-15 R/S.

Copy/pasting again:
https://ir.biolinerx.com/news-releases/news-release-details/biolinerx-announces-change-ratio-american-depositary-shares
" its Board of Directors has approved a change in the number of its ordinary shares represented by American Depositary Shares"
"The change in exchange ratio for the ADSs will have the same effect as a 1-for-15 reverse stock split of the ADSs"

If you're not even going to read things properly then there is truly no point in discussing with you.

I also find it extraordinary that someone having "no investment in this company" for your initial impolite response to be even more bizarre and untoward. And again even moreso, given your appearance on this board out of nowhere, and a response that was posted within 40 minutes of my post, hence reading my post within 30 minutes of posting. Yes, very odd indeed for someone who has no investment in this company.

But whatever you say, good luck whoever you may be, as someone with no investment in this company.