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Liminal BioSciences Inc. LMNL

Liminal BioSciences is a biopharmaceutical company focused on the discovery and development of novel, small molecule drug candidates for the treatment of patients suffering from fibrotic or inflammatory diseases that have a high unmet medical need. Liminal BioSciences operates on an integrated basis from our talent hubs in Laval, Quebec, Canada, and Cambridge, UK. Our common shares are listed for trading on the Nasdaq Global Market.


NDAQ:LMNL - Post by User

Comment by stockbuphoonon Aug 22, 2022 4:02pm
173 Views
Post# 34912304

RE:RE:RE:Surprise

RE:RE:RE:Surprise

Whether it was fraud by Management or by the richest family in Canada, it was fraud for sure. They did give the world Ryplazim but gave it away for free.   Interesting that 4050 is buried but next fibrosis hopeful molecule is coming soon. Not the least bit suspicious at all. Shelve and bury one completely and look over there - another very similar  fibrosis molecule. 

VerylongPLI wrote:
I'm back here for the first time in ages out of morbid curiosity to see if anything is going on. Long story short, my interest is that I rode this all the way up and instead of selling out near the top I rode it all the way down again based on over-optimistic projections. That's life. A six figure valued investment is now not even worth enough to pay the trading costs to sell it.

There seem to be two schools of thought here. The first is that Prometic had a shining golden proposition on the outer frontiers of medical science which Thomvest has stolen from the small shareholders, and the second is that Prometic didn't have anything worth selling at all, but managed to get Thomvest to invest long millions in the dream, and then conspired to sling the losses onto those same small shareholders.

Which is it, or is it neither? I suppose it doesn't matter much to those who have written it off as a bad job, but to anybody contesting an action it matters a great deal. I guess the defence would be that the small shareholders lost a lot of money, but the big boys lost a great deal more. Even if it is taken private, is there anything worth selling even now? Or was Black Mamba right on the money?

 

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