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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

Comment by PLITheOneon Aug 08, 2021 2:42pm
49 Views
Post# 33669716

RE:$2.86 - almost another all time low

RE:$2.86 - almost another all time low

I believe that they will refinance in order to milk retail investors for all they can. Knowing the predator Thomvest, who owns this, another financing from right pocket to left at the expense of investors seems only natural.

 

stockbuphoon wrote: No catalysts except apparently help wanted ads for production jobs at a plant Liminal and a potential voucher sale for $70M. It takes time to consummate a voucher sale and it will take longer than management expect as they think end of 2021 as their target date. They will probably give away some cash similar to Plasma division sale if they get it done quicker. They have cash until end of September with proceeds of plasma sell off so they need to do a financing now or get a bridge loan but it doesn't seem like that is happening after over 2 months of getting the voucher. They are already well in the $22M that they got for plasma collection centres and plasma division. They will either heavily dilute here at much less than $2.86 a share or take it private. Any bets? 


 

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