The big boys are not bailing...as some of the bashers on this board would have you believe.
FAQ section of Liminal's website:
What is the purpose of the F-1 recently filed with the SEC and posted on Edgar and SEDAR? The registration statement on Form F-1 filed on August 13th (the “Resale F-1”) is not an offering of common shares by Liminal BioSciences Inc. (the “Company”).
The Resale F-1 registers the common shares previously issued in April 2019 to our majority shareholders Structured Alpha LP (“SALP”) and to funds managed by Consonance Capital Management (“Consonance”) to allow for the resale of such shares by SALP and Consonance on the Nasdaq stock exchange now that our shares are listed on the Nasdaq Stock Exchange.
The filing of the Resale F-1 allows the Company to meet its contractual obligations with respect to Consonance and replaces the prospectus supplement filed by the Company in both Canada and the United States to the Company’s previous registration statement and shelf prospectus filed on November 15, 2019 that has since expired.
Copies of the Resale F-1 can be found on SEDAR at www.sedar.com and on EDGAR at www.sec.gov.