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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 biotech1973on Apr 11, 2020 4:42pm
194 Views
Post# 30899419

RE:RE:Spoke to fred

RE:RE:Spoke to fred
Sorry i will try again. This is my post from April 9th 2019. Spoke to fred The restructuring will happen soon. We started with 7 Million add 15 million plus 10 million sales. So say 32 Million minus 25 million our burn. We are left with 6-7 Million that wont last this month. They have to come up with restructuring as per investors to give them any support. A SUBSTANTIAL amount they say will be converted in equity. This will dilute shareholders BIG time. At 150 Million market cap and 120 Million debt. Shareholders will be left with 30 Million. I am assuming a full restructuring of the company. I am out. Took a huge loss of over 100k. But i will be back once the dust settles. GLTA..
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