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Biotech / Medical : Ligand (LGND) Breakout!
LGND 209.02+3.2%Nov 10 3:59 PM EST
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To: bob zagorin who wrote (29046)7/12/1999 8:54:00 AM
From: jayhawk969  Read Replies (3) of 32384
 
Bob,

From recall, the date is August 2nd, 6 months after Ontak's formal approval. Each share of Ontak is worth approximately $.23 per share in cash or Ligand stock at that time. A fairly significant dilution--therefore I expect good news from Ligand to help pump the stock for the base period preceding the 2nd of August.

J.D.
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