Ligand (LGND) Breakout! Message Board

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Biotech / Medical : Ligand (LGND) Breakout!

LGND 200.79

-0.2%

Nov 14 9:30 AM EST

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To: Henry Niman who wrote (11104)	11/14/1997 9:02:00 PM
From: lavalamp	Read Replies (2) of 32384

Henry, Reading the 10 K filed today and it has a couple of interesting statements. It seems to indicate that the 20 day period is computed back from whenever the closing date of the ALRT deal will be. Thus, until the deal closes (whenever that may be) we do not know when the 20 day window is for computing the # of shares. The other item I noticed was the comment that they were still looking at paying out more cash and less stock in the ALRT deal. They then noted that it would impact their cash position. I wonder if they have another cash infusion in the works and that is why the ALRT deal did not get closed on Nov.3. You can get the 10 K at this site freeedgar.com

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