Liminal BioSciences Inc. LMNL

Liminal’s possible last trading day on NASDAQ

[balain]

Today could be Liminal’s last trading day on the NASDAQ due to their failure to comply with the exchange minimum share price requirement of $1 usd for a minimum of 10 consecutive business days.

They’ve already failed to comply with this, but as per the news release posted below, management said they would do everything they can to regain compliance and keep trading on the exchange. I am not too sure what trick they intend to pull, but they said they would look at all options available to them leading to their last day to comply on 31 August 2022. The clock is ticking…

https://stocks.apple.com/AavaMS1tlQNSZWtTRppU2pw

[stockbuphoon]

It's amazing that it isn't at 5 cents today? Does no one pay attention to these press releases? There will be no liquidity to sell off after they are removed. Thry shut 4050 and sold Ryplazim. What is left? Maybe a new version of 4050 in preclinical trial still years away from revenue or partner deal?  Yet, Pritchard being paid as a $1B company valuation CEO. Incredible. 

[Dibah420]

balain:  Given the paucity of potential catalysts the only trick left for this pony is another reverse split.  Let's say they do a 4:1 to bring the s/p up to $2.   I give maybe 90 days for the shares to tank down to penny status...and, shortly thereafter,  another delisting notice  Bonne fete du tarvail!

[Damnre]

They have 5 months to recover