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Liminal BioSciences Inc. 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 himmleron Jun 14, 2018 8:49am
370 Views
Post# 28170708

Missing the point

Missing the pointMany of you posters are overlooking the reality here.First of all,its all about the FDA..nothing else.If the FDA decision would have been favourable ,we would not be in the 60 cent range.As for debt,PLi hasnt ever turned a profit for as far as I know..so whats that all about?
Maybe the most important...is the fact that as always ,the volume controls the shareprice.Thats not always the case but with PLI thats a fact.@ one million trades daily which represents about ONE TENTH of a % of ALL OUTSTANDING SHARES.
I cant stress that enough....its not reality...but its been that way for years.If you want proof pull up a chart and prove it to yourself..dont take my word for it.
I'm not arguing pro PLI or con,even though I still own many shares..and I dont doubt that somethings wrong here,but the volume should be in the 10's of millions if something SERIOUS  is happenening.
Facts are simple..the market hates uncertainty.And thats what we face now.
Bullboard Posts