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Biotech / Medical : Ligand (LGND) Breakout!
LGND 183.32-0.8%3:39 PM EST

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To: jayhawk969 who wrote (25561)9/21/1998 8:24:00 AM
From: tonyt   of 32384
 
As Ligand already warned (#reply-5501525), cash needed for operations may come at significant dilution to current shareholders. Its dangerous to ignore these warnings as 'boilerplate' and any discussions on them as 'naysaying'(#reply-5521525) (and statements eluding that IR said it won't happen is irresponsible (#reply-5520555, #reply-5526153)). As I commented last month, based on Ligands 10q 'warning' there is a possibility of a secondary or a private placement.
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