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Biotech / Medical : Ligand (LGND) Breakout!
LGND 193.99-4.4%2:02 PM EST

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To: Torben Noerup Nielsen who wrote (15600)2/22/1998 10:46:00 AM
From: Flagrante Delictu  Read Replies (1) of 32384
 
Torben, >> it would be worth almost $2,000 per share << If it would only do this before 6/3/00, there would be one heck of a return on those warrants you bought so close to the bottom. Let's see; $2,000 less $6.00 warrant cost & also less $7.12 to LGND as a conversion premium equals $1986.88 long term profit. But of course, to be fair, we might have to also subtract an amount equal to the time value of tying up the $6.00 for almost 2 1/2 years. Even after that deduction, the return is still better than one could have earned in the bank for the same period of time. Bernie.
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