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Biotech / Medical : Ligand (LGND) Breakout!
LGND 185.97-0.4%Feb 10 3:59 PM EST

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To: Vector1 who wrote (6732)9/16/1997 2:42:00 AM
From: Andrew H   of 32384
 
>> However warrant holders would expect to get a substantial premium to be incentivized to trade in the warrants for and equal number of shares. My guess is the number would be about $3 per warrant in cash resulting in the company only receiving net cash of about $25m. Thats very expensive money.<<

Yep, those terms work fine for me. I'll trade my warrants for and equal number of shares + $3/share. Great idea. Now all we have to do is convince LGND management...
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