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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

Post by edroseon Dec 13, 2021 12:26pm
205 Views
Post# 34225418

they wrote down ivig for 150 million giving it a value

they wrote down ivig for 150 million giving it a valueof ZERO   once they did this  there was black out period  and then cancel the atm THEY JUST APPROVED FOR 50 MILLION THEY HAD ONLY USED 4 MILLION    
they refused to do a rights offering many months before their takeover (we know they raised 38 million AFTER wipping out retail investors imagine how much they would have raised before when confidence was much higher)

they didn't want to raise money because they would not have met criteria for hardship at tsx and COULD NOT NOT WIPE OUT RETAIL INVESTORS AND DO THEIR TAKEOVER  this will all come out during discovery under oath   and kory sorenson quit just before since she didn't want to be associated with them   unfortunetly she is part of defendants  but will have lots to say to plaintiffs lawyers

well orchastrated plan with the help of their lawyers and accountants 
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