Liminal BioSciences Inc. LMNL

RE:RE:RE:RE:RE:what is the reason people are buying today?

[james700]

StockReddy wrote: Hi Stockman,
in the rights offer news
here is the link.
https://stockhouse.com/news/press-releases/2019/05/15/prometic-announces-terms-of-equity-rights-offering

The Toronto Stock Exchange has advised the Corporation that due bills will be used in connection with the Rights Offering to ensure that the Common Shares do not effectively begin to trade on an ex-rights basis until the rights are issued. Accordingly, the key dates in respect of the due bill trading of the Common Shares are as follows:

• Due bill trading will commence on May 17, 2019 being one trading day before the record date, so that trades settling after the record date will have due bills attached.
• The record date to determine shareholders entitled to receive the rights will be May 21, 2019.
• The distribution date is estimated to be May 24, 2019.
• The ex-rights date is estimated to be May 27, 2019 (the first trading day after the distribution date).
• The due bill redemption date in respect of the distribution date is estimated to be May 29, 2019 (the second trading day after the ex-rights date, when all trades with due bills attached have settled).
• The due bill payment date in respect of the distribution date is estimated to be May 30, 2019.

Shareholders who are eligible to participate in the Rights Offering and who hold common shares of the Corporation through brokerage accounts will not be required to take any special action to receive their rights. Any trades that are executed during the due bill period will be automatically flagged to ensure that purchasers receive the entitlement to receive the applicable rights and that sellers do not receive the entitlement.