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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. > board and management agreed to keep 10 million
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Post by edrose on Jul 27, 2021 9:39am

board and management agreed to keep 10 million

loan with salp and this small loan had multiple collaterals/covenants attached to it  

galbraith said we kept this loan since we didn't want to further dilute shareholders and lawyers have audio when he said this at 2019 agm      this after they massively diluted shares    will judge believe him   wonder what he will say during discovery
Comment by PLITheOne on Jul 27, 2021 9:41am
They have raised the collateral to 40M now. They own all the IP through the shell company SALP. Most of any voucher money left after giving away $30M will be used to help settle with plaintiffs! We get first dibs before shareholders:)))  
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