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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 thePlayeron Apr 02, 2018 7:44pm
233 Views
Post# 27817704

Next financing at $0.60?

Next financing at $0.60?$.80-.90 does not look very likely to me.  Co is in very weak position and was not able to cut meaningful deal for ages.  Only fool will bet on getting a good deal now.  

As was rightfully noted by other posters they can’t cut a burn rate and line of credit is a “shark pay check loan”.  
So the next best option is dilutive financing at a weak point.   Who in their right mind would agree to get in for $.90?


Bullboard Posts