Liminal BioSciences Inc. LMNL

Hi sah1

[ualcin1]

Hello sah1. Can we get your comments on this new development, which you anticipated in your comment yesterday at 1:55 pm?

[sah1]

Well TV's greed is on full display again. Under their management and inability to meet milestones, retail has had to suffer another massive dilution. The simplest and fairest thing for TV  to do was to just increase the LoC in September given their poor management of the company since the restructuring. Alternatively, a loan could have been offered complete with warrants at $5.50

[Tar005]

I totally agree that in providing a loan or increasing the LOC even at 12-15% interest p.a would have been a better outcome/solution and fairer for us all, especially we know that TV can easily raise that money at very cheap interest rate and charge the higher interest rate to LMNL IF they wanted to.   The dilution is indeed 'massive' at 6 million plus shares is way more than

[ualcin1]

Thank you sah1. I can't say I'm very happy about it either. On September 24th, in your 8:44 am post, you anticipated a sp of about $25 on FDA approval of the BLA, based on the assumptions you described in that post at the time. With this new development, and the dilution it will cause, what is your new sp hypothesis?

[sah1]

The value of the Ryplazim platform and voucher remains the same. So $600M divided by 36M (assuming warrants exercised) equates to about $16. This gives zero value to the small molecule division which is consistent with current market pricing. 

[ualcin1]

Thank you sah1. It would be interesting to know the opinion of the lawyers who initiated the oppression remedy against Prometic as a result of the financial restructuring of 2019...

[GunnerG]

You say in a later post you used Stockman's numbers, I think you used mine.  (Stockman's)   23.6M OS + 6.3M = 29.9M OS. (GunnerG)  23.6M OS + 12.6 =  36.2M  OS

[stockman6767]

Gunner, the number is explicit in the NR. It was $30 M! Stockman6767 RE:RE:RE:RE:Hi sah1 You say in a later post you used Stockman's numbers, I think you used mine.  (Stockman's)   23.6M OS + 6.3M = 29.9M OS. (GunnerG)  23.6M OS + 12.6 =  36.2M  OS sah1 wrote:The value of the Ryplazim platform and voucher remains the

[GunnerG]

Yes the dollar value of $30M is explicit.  Its the warrants and shares I am talking about.  ????

[stockman6767]

Gunner, you a are just playing games whether you consider fully diluted shares or not. This discussion is not worth my time, so this will be my last post on this. I know you must have the last word, so say anything you want because I will not respond further to this thread. Stockman6767   GunnerG - (10/30/2020 4:25:56 PM) RE:RE:RE:RE:RE:RE:Hi sah1

[GunnerG]

Thanks Stockman, your english is good but not good enough to interpret the meaning of the NR. Why you brought up the $30M when I was talking about shares outstanding, I have no idea.