Ligand (LGND) Breakout! Message Board

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Biotech / Medical : Ligand (LGND) Breakout!

LGND 186.87

-1.9%

10:26 AM EST

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To: rickyc who wrote (7723)	9/26/1997 11:37:00 AM
From: Henry Niman	of 32384

Rick, The amount of stock would be in the 1.5 to 3.0 million share range, depending on LGND's stock price next month and the amount of cash. The above would be a 5-10% increase in outstanding shares. Earlier I had posted that one way or another, additional stock would be involved. Biotechs usually like to have their price above $15 when they issue new stock and I believe that LGND's price next month will be markedly higher. They have many announcemnts lined up, including the diabetes deal.

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