BD, I agree that a million hits per hour at the web site would be impressive, but I think that the 100 hits per hour is also significant. The hits are not a random selection of net surfers. Most of those interested are from the industry. The web site was designed to provide quick access to material associated with LGND. Addressing the concern about dilution is a good example of the utility of the site.
LGND is a very complex company. Most investors (including institutions) really don't understand biotechs very well. The know even less about the underlying science.
The web site allows quick access to this info. Before the site existed, I would dig out old articles to support an explanation or provide background. It's much easier to link the site, so readers (and there are far more lurkers than posters) can easily get to the information themselves.
Thus if they want to see LGND's pipeline, they just click on home.att.net
If they want to see some of LGND's clinical trials they click on home.att.net
If they want background on the STAt technology or the molecular mimics of G-CSF they click on home.att.net
It's easy for some to have concern about LGND's outstanding shares. However, its also easy to overlook LGND's pipeline, clinical trials, patents, and core technologies. the web site allows this information to be easily accessed.
LGND is a rather unique Biotech, although I think that other Biotechs would benefit from such information, especially if they are complex like LGND is.
Lurkers continue to visit and revisit the site at frequencies that I consider significant. Everyone has their own opinions (and humble requests).
As far as supporting documents on the web are concerned, I have tried using links in the past. Frequently these links only last a day or two and therefore have limited utility, especially for the web site. I have stopped uploading such documents here.
Of course others continue to upload such information here and throughout SI. On this board you can even find such documents on such relevant subjects such as DELL. |
