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Bullboard - Stock Discussion Forum 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... see more

NDAQ:LMNL - Post Discussion

Liminal BioSciences Inc. > selling to self for tax purposes??
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Post by Sandpoint on Dec 22, 2020 11:37am

selling to self for tax purposes??

It seems like with this high of a volume and no real motion in the price, the major holders are just selling to themselves for tax purposes. I am not an expert in these kinds of things, but I am really struck by the fact that you can have what amounts to enormouse number of sales with little movement in the price.
Comment by GunnerG on Dec 22, 2020 12:13pm
$4.09 to $7.07 is a 78% increase.  How do you say no real motion in the price? I would like to know where the large trades took place.  The total traded on the Nas, after the halt, was ~13.5M.  Yet if you look at the volume shown on the NAS, it was no where near that number. Dibah420, maybe you would have some insight you could give us.
Comment by Dibah420 on Dec 24, 2020 12:46pm
Gunner, can't help you there.  After hour trades on Naz keep me scratching my head when I see volume printed as 1 share or 3 shares or 14 shares ..and then boom a very large block must have traded because vol is now 10M !!!  These VPNs used to be a domain of pros and probably still are.