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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 ewing2007on Jul 10, 2019 1:35pm
254 Views
Post# 29904850

What is going on?

What is going on?We have a brand new group of pumpers. That leads me to ask what objectives those pumpers might have. I have to ask that question in light of the actions of the board of directors and of TV. My theory is that TV wants some kind of price stability before listing on Nasdaq. As the long time retail investors have, or should have , lost all confidence in the board of directors and TV,  they will not likely generate much buying. It follows that there is a risk that the share price will decline unless steps are taken to prop it up. TV may not want to use its own funds to do so. If the pumpers can create some buying, isome or all of it from new retail investors, the cost to TV of propping up the share price is reduced considerably. It would follow that the pumpers are being paid by TV or PLI.


Bullboard Posts