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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
Post by HighteawithIntrepidon Jul 06, 2017 10:05am
241 Views
Post# 26439068

Why so cheap

Why so cheapBecause the actual cash the company received per share was
less than 1.70 because the underwriters took a fee. The other 
add on was Dr debt Cr equity. So only the additional shares that 
may be taken up will add additional cash. And until we get the FDA 
news we wait for the delays to get worked out. We spent another $25 million 
in Q2 so cash in the bank over Q1 at present moment net of fees is another 
$25 million as of today but not on June 30. HT
Bullboard Posts