Ligand (LGND) Breakout! Message Board

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Biotech / Medical : Ligand (LGND) Breakout!

LGND 206.54

+3.2%

Jan 9 9:30 AM EST

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To: Spekulatius who wrote (24655)	8/18/1998 8:18:00 AM
From: tonyt	of 32384

>henri: A couple of comments are useful. The $50 million in debt is not new. >It was GLYC's and came with the acquisition in 1995 and that note is due in 2003. What is new is that they don't have $$$$$ to service the debt (that means pay INTEREST henry. But since this is 'not new', I find it interesting that you chose to ignore the matter of Interest Payments) "Any inability of the Company to obtain additional financing *or of Glycomed to service* its obligations under the Debentures could have a material adverse effect on the Company."**

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