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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 andjeeon Apr 30, 2019 8:31pm
267 Views
Post# 29692043

Let's say rights offer is cancelled

Let's say rights offer is cancelledGuys I am one of the silent followers and I lost around 15K. I am very angry and on the fence about selling and getting my pennies or waiting for the rights offer.

But I have a question. If rights offer was cancelled and all our complaints were taken into account and TV got sued etc, isn't this company already bankrupt. Huge dept and no black ink income in the near future. So, is the purpose to take TV down with us? Maybe I am mistaken but I don't see the purpose.

What is the benefit of a legal action to us? To get a better rights offer?
Bullboard Posts