RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:H. C. Wainwright 22nd Annual Global Investment Conference Here’s another false statement:
Liminal has at max 2 months runway to find cash or poartners. Cash position
March 31 = $36.6M
June 30: = $26M
August 31: $13.6M (July & Aug much higher burn!)
That is a burn of $4.6M/month
At the end of August, they had $13.6M+ $29.1M (LOC) = $42.7M/$4.6M = 9.3 months runway at the current burn rate!
If priority review is granted within the next 6 months, this leaves them enough time to get the SP moving allowing them to raise new money under more favourable conditions.
4Justice wrote: Keep dreaming !
The deal with Fairhaven was to get a $3millions loan because they are out it. Liminal has at max 2 months runway to find cash or poartners. It's far away from an FDA aprouval.
It's clear that that Thomvest had made change on the board to protect his assets not yours. Thney have rights on all IP and the control of all decisions...NOT YOU
When they will realized that no one in short term wants to partner with them or buy their products they will fired Galbraith, Sartore and put the company in default. What else could they do ?