Liminal BioSciences Inc. PFSCF

I posted the following aas comments on the SA article #1

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The kiss of death was there from the moment that PLI granted SALP a lien on the patents and the IP. That eventually led to no 3rd party willing to step up for the final bridge loan with SALP ahead of them on the lien. The writing was on the wall since then and I have no doubt that the SALP lawyers planned this carefully step by step and engineered the take over they desired. They provided just enough debt to PLI to hang itself with, and cut off the juice just as PLI was approaching the finnish line and told them go get the rest of the financing elsewhere, knowing full well that their lien for their debt made that near impossible. Shame on the wealthiest family in Canada for being so greedy. They have taken the life savings from many simple retail investors who trusted them, in order to add a few more billion to their own pockets.

 

All they had to do was provide the final bridge loan to PLI in an investment they know to be full of tremendous future profits as they were well aware of the potential with a seat on the board and which they could easily afford. Instead they manufactured a crisis for PLI to be able to take over the company, that drove the stock price down so they could take it over.- and now they want to deprive the shareholders of their right to a vote to approve the restructure. A vote they know they would lose. they have applied for a "hardship" exemption to bypass the SH vote so they can do the restructure with impunity. The only hope to stop the restructure is for the tsx to deny the hardship application. So we (each shareholder) must bombard the tsx (at [e-mail]) with appeals that they deny the hardship application. Time is of the essence for these requests showing the unfairness of losing our votes on the most significant decision in PLI. Act right away.

 

The next step will be to grab the remaining shares by taking PLI private which they will be able to force.