One year cash left and hard to do offering ( $3/sh offered when POS at around $5 just weeks ago), BLRX going bankruptcy ? no wonder 2.8 million shares were sold by Institution a few days ago !!! how low can BLRX go ? $2 ?
Any stock can always go to $0.
That is unlikely to happen with BLRX. Once we hit the March 18th date & discover how many additional patients will be needed to complete the trials, the writing will be on the wall.
1) If a small number, then the stock will spike up & partners will be clamoring to shove money at BLRX.
2) If a large number, then the stock will tank & it will be very difficult to secure a partner or additional funding.