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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. > Thomvest Asset Management
View:
Post by balain on Jan 11, 2022 2:56am

Thomvest Asset Management

In 2016, Thomvest moved their Prometic holdings from Thomvest Seed Capital to their subsidiary Structured Alpha LP, a holding company registered in the Cayman Islands.

The Caymans have become a popular tax haven among the American elite and large multinational corporations because there is no corporate or income tax on money earned outside of its territory. ... The Caymans make it easy for individuals and business owners to shield their assets and identities from prying eyes.
Comment by astrogrognon on Jan 11, 2022 5:16pm
Does it mean that they cannot take a tax loss on sells?
Comment by 4Justice on Jan 11, 2022 8:03pm
Structured Alpha Lp SALP was acting for Thomvest with Thomvests money. In case of lost in her investment Thomvest would have the rights to ask for tax losses even if the investment was done through Cyman's afiliated company. That's my thought.
Comment by PLITheOne on Jan 12, 2022 8:33am
  Thomvest, through SALP, owns all Liminal IP. This was triggered as result of a SALP loan tranche Liminal utilized, which was for the most part hidden from investors. Liminal can now die with Thomvest walking  away with the remaining IP that was stolen from long term investors who paid for its development. 
Comment by hankman on Jan 14, 2022 2:18pm
PLItheone, how do you know they now own the IP. What they had was a lien on the IP. That was why they left the $10M as debt, so they could continue the lien on assets and IP. What makes you think they acted to exercise the lien since then??
Comment by 4Justice on Jan 14, 2022 3:53pm
He! Hankman I heard that you were suing Thomvest & all,  by yourself without paying any lawyers fees. You are a free loader ? You really think you are credible for some damages? Do you still believe in Santa Claus ?
Comment by PLITheOne on Jan 15, 2022 12:04am
Simple accounting logic with insight! It's inevatable!   Surly YOU should know better than to play your games here.  
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