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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 aldo451on Oct 27, 2020 7:49pm
106 Views
Post# 31793206

RE:RE:RE:RE:RE:RE:RE:As i promised, imminent turn on this stock

RE:RE:RE:RE:RE:RE:RE:As i promised, imminent turn on this stockTalk about running with numbers, I used Stockbuphoon’s numbers because they were readily available to cut and paste and because they are the real numbers. You on the other hand, just run with a 1000:1 conversion which is the same regardless of what year you look at, be it 2013 or 2019!
 
So, WTF are you saying? None of your numbers make any sense, and I’m not using 2020 OS. Even if I use 23M (2020) at $2679 USD, we get et $61B! So, Again, WTF are you saying? You then go on about dilution and financing over the years…what!
 
How does it matter if there was a forward split, backward split, rights offering, financing or loans or if there are 20B shares or 23M, it’s the MC that determines the value at any given time. In Feb 2013 (way before the major restructuring) it was trading at $0.45. So, with your logic the shares were worth $450 back then! This company has been diluted year over year for as long as I can remember, I think the float was less than 200M when I first bought in. The bottom line is that at its peak the company had a market cap of approximately $2.6B or equivalent of $110 (CAD F-Off) a share in today’s value not $2679 USD
 
This doesn’t exclude the fact that many investors got burned, but many also got out at higher levels and now, along with new investors, have an opportunity to buy into a company with a low 23M float at $7.9 CAD which translates to a MC of $182M. Pretty good considering it was once worth 2.6B
 
You definitely have an agenda as nobody would shiit on their own stock.

GunnerG wrote: Aldo451, I love your fancy math calculations.   Someone threw out that $110 USD figure and you ran with it to come up with $1.9T (USD).

Let me help you with your apples to oranges comparison.  You are comparing the number of outstanding shares from 2020 and using those to do your $1.9T calculation.  

Did the number of OS shares remain the same from 2015-2020?  The answer is a resounding NO as we had probably 4 or 5 times financings during that time.  Then there was the conversion of warrants by Dr. Patrick Soon-Shiong.  All at lower and lower $$$ and all of this was diluting that $3.62  SP.   (CAD BTW)

Then we had the grand daddy dilution of them, not at $3.62 but at .01521.  Debt of $229M was converted, $75M new financing Consanance and $35M new financing retail investors; all at .01521 per share.  They issued 20 BILLION NEW SHARES which diluted the heII out of your original 718M. 

SALP went from owning 3.26% to 80.68% and diluted.

I think we all know who the "stuppid" one is.  LOL






aldo451 wrote: You're the one that has his facts wrong. This is the fact: PLI high @ $3.62 CDN was approx market cap of $2.6B. LMNL price of approx $110 would equal previous market cap high of $2.6B with 23M shares. 

You're the one that doesn't comprehend.  What you are showing is just a straight conversion based on 1000:1. It was never worth $2679 USD/share, that would have made it a $1.9T company. Are you that stuppid?  

GunnerG wrote: Yes I know what restructuring is and it doesn't change the facts.  The restructure included a 1,000:1 stock reversal, a fact which makes historical prices 1,000 times larger; a fact.

$2,679 USD is a fact after restructuring, something you can't comprehend.  If anyone thinks its not a fact, have a look at LMNL five year chart.  I doubt the NAS has this FACT wrong.

Thet price I mentioned wasn't even the high. 

Check it out here...............CLICK HERE FOR FACTS




realstocky wrote:

These 2 jokers are just doing an act.... they  are just buying.

biotech1973 wrote:
OMG you 2. Do you know the meaning of restructuring. Idiot gunner, get your facts right.

 

 




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