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Liminal BioSciences Inc. PFSCF


Primary Symbol: 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

Bullboard Posts
Comment by francois21on Dec 14, 2014 10:09am
392 Views
Post# 23228587

RE:RE:RE:RE:RE:Question?

RE:RE:RE:RE:RE:Question?If it would had been Mr Market disapointment, they wouldn't have been able to place the shares in the last financing so fast. I know a few guys that tried to get some and everything was already sold out....And you would have to forget about the over-allotment of an additionnal 2M shares, which wasn't the case. So I have doubts about a major changing in humor within 10 days by Mr. Market because he's anxious to not see news release before XMAS..... Was it some kind of manipulation? Or algorythmic trading? Stop losses triggered? Divorce settlement? I can't tell, and your theory will be as good as mine!!! But as all happened in 15 minutes, and at the end of the day there was only 2.5M in volume on the tsx. And if you look at the daily trading since Nov. 26, there was only 3 days with 1M in volume, and the other days were in the 700K average. I would be more concern if they would have been 10M shares traded and we would have closed at the lowest of the day. A few small investors like us are not Mr. Market. And yes there's a lot of small investors that are disapointed, but that won't be a market mover situation.
Bullboard Posts