Post by
edrose on Apr 07, 2020 4:13pm
Yes they could have done a rights offering BEFORE THEY
Wiped out retail investors but they did it ONLY AFTER THEY GOT CONTROL
Comment by
biotech1973 on Apr 07, 2020 4:37pm
Who would invest in rights offering when you are under debt and everyone knows that debts >market value.NOONE. When they gave a full blueprint of restructuring, thats when people invested in rights offering and moreover they gave a good deal.
Comment by
GoBBs on Apr 07, 2020 4:45pm
"a good company" and a 1000:1 is "a good deal" ... good grief biotech1973 , ok sure.
Comment by
biotech1973 on Apr 07, 2020 6:13pm
Again. Mismanagement of PL made it happen. But it took 20 years for PLI to collapse when they were at finish line. However ,Liminal is not prometic.