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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

Comment by stockbuphoonon Feb 28, 2020 6:06pm
81 Views
Post# 30749510

RE:RE:RE:RE:RE:RE:RE:RE:At 2.48pm today - a big head fake.

RE:RE:RE:RE:RE:RE:RE:RE:At 2.48pm today - a big head fake.Makes sense. It should make it to $50 easily on anything substantially positive as there is such a dark cloud over this stock due to what happened. If they finally can get a deal, that means a major has done their rigorous due diligence and are confident that they will pass the BLA requirements. So, it could even start a fire back to higher levels. But, and there are a lot of buts, there is only a few months before they need money and SALP has offered a line of credit and we know what happened last time. So, I am hopeful that the great potential comes out in Ryplazim and 4050 but I have my doubts as someone should have been interested in mid 2018 with the many good results they had even if there was no placebo tests. Obviously, those non-placebo tests were used against them in negotiations with Boehringer but I would have signed a low $$ upfront and big milestone payments. Not sure why they couldnt get it done when so much was riding on it.

ualcin1 wrote: stockbuphoon: I keep them. Last year, I took advantage of the warrants that were offered to us, to the point that I was able to neutralize (almost) the dilution that the financial rearrangement of TV had caused. I therefore find myself with an average acquisition cost of $50, which represents, in pre-arrangement dollars, about $1. Prometic has long hovered around this $1 value, after, I must point out, Pierre Laurin's exaggerations were brought to light. That Liminal's stock goes back up to this $1 value (thus to $50 in current dollars) does not seem out of reach to me. Let's remember that in Pierre Laurin's triumphant era (the famous "over-pregnancy"), this stock had reached more than $3, or $150 in post-arrangement dollars. Am I too optimistic? Maybe. But my intuition leads me to remain confident. In any case, I don't have much choice: if I sold now, my losses would be much too high. So I try to be patient...
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