Liminal BioSciences Inc. PFSCF

Primary Symbol: LMNL

Healthcare Biotechnology

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

Liminal BioSciences Inc.

Bullboard Posts

Comment by Craigbadon Dec 19, 2016 9:11am

179 Views

Post# 25618385

RE:RE:RE:Current quote..

Still has the same effect Iscfa. People sell stock at market knowing they can buy the warrants much cheaper than the current market price.

lscfa wrote: Get lost basher...co. has 90 mil warrants o/s with ave. strike of $1.00...no need to do a financing....

Craigbad wrote: I think any big players know the company will need money soon and probably a few more times as they work towards full ramp up towards 2020 given the high cash burn. Wouldn't make a whole lot of sense to chase the ask in the open market when you can buy into a placement and possibly get the added benefit of some low risk warrants. I would love to see their technology help people who need it and become a Canadian success story but its a long road to profitabilty and will likely entail many more raises before that is achieved. Just the way the market works. Happy trading!

AceOfTrades wrote: If this is some solid news we've been waiting for, how come the current quote is not showing a jump? I'm seeing 1.50x1.50.... Am I missing something?