Ligand (LGND) Breakout! Message Board

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Biotech / Medical : Ligand (LGND) Breakout!

LGND 200.20

0.0%

Dec 19 3:59 PM EST

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To: Henry Niman who wrote (24508)	8/14/1998 5:39:00 PM
From: lrb	Read Replies (4) of 32384

<<"The Company believes that its available cash, cash equivalents, marketable securities and existing sources of funding will be adequate to satisfy its anticipated capital requirements through 1999.">> But further down we read: The Company has incurred negative cash flow from operations since inception and does not expect to generate positive cash flow to fund its for at least the next year. As a result, substantial additional equity or debt financings will be required in the near future to fund the Company's operations. How can both of these statements be true?

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