Ligand (LGND) Breakout! Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Biotech / Medical : Ligand (LGND) Breakout!

LGND 199.20

+0.1%

Nov 21 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: John O'Neill who wrote (13994)	1/30/1998 11:44:00 PM
From: Andrew H	Read Replies (3) of 32384

John, I see Henry has answered your question. I believe LGND had 90 days from the close of the deal to decide, so its getting close. A 20% premium to market value of 11 would be 13.2 which would equal 1.5M shares for the 20M. If LGND were at 16.5, we would be looking at 1M shares. So ruight now we are looking at dilution of 1.5M shares for 20M dollars. LGND can certainly use the money but they don't need more dilution. In any case, this would make the chances excellent that we will see no more dilution. If more partners want LGND, let's hope LGND demands cash and higher royalties. Any more shares out will tank this baby, IMO.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next