Ligand (LGND) Breakout! Message Board

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Biotech / Medical : Ligand (LGND) Breakout!

LGND 203.18

-1.4%

Nov 28 9:30 AM EST

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To: Henry Niman who wrote (12307)	12/9/1997 1:09:00 AM
From: CYBERKEN	Read Replies (4) of 32384

<<The question is what they will now do with the 1.7 million LGNDW they have left after covering.>> Unfortunately that leaves an investor controlling 1.7mil shares (through the warrants) who isn't interested in investing in Ligand. Assuming you can't get him to read this thread and become a fan of the company, it seems like he will need to make some kind of deal with an investor to convert his profit to cash. The least likely possibility is that he'd sell off the warrants, since they are so thinly traded. Next possibility is that he converts the warrants and sells the stock. But his most desirable move would be to find some large investors to take them off his hands in the short run. Any way you slice it, there's some overhang to absorb. What do you think he will do?

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