Ligand (LGND) Breakout! Message Board

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Biotech / Medical : Ligand (LGND) Breakout!

LGND 198.02

-1.4%

Jan 26 3:59 PM EST

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To: tonyt who wrote (14493)	2/9/1998 12:51:00 PM
From: SnowShredder	Read Replies (3) of 32384

I have a hypothetical situation. Let's say that I spent $12875 cash(no margin) to buy 1000 shares of Lgnd @ $12 7/8. If I spent the same amount of $ on Lgndw @ $7 I would get 1839 shares. Let's say right before expiration the price of Lgnd is $30...the value of my so called investment would be $30,000. The value of the warrants if they are priced @ $22.875...the investment value would be $42,067.125. If I wanted to get 1000 shares of Lgnd I could exercise 1000 warrants for $7125. If I sold 312 shares of Lgndw I would get a little more than $7125. As a result I would then have 1000 shares of Lgnd along with 527 shares of Lgndw (value of $12,055) to liquidate or exercise. I am not a current investor but I've been thinking about it for a while. I'm just wondering if my example is valid? Thanx in advance for your feedback. Where'd He Go?

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