Ligand (LGND) Breakout! Message Board

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Biotech / Medical : Ligand (LGND) Breakout!

LGND 184.82

-2.0%

Dec 5 9:30 AM EST

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To: jayhawk969 who wrote (25561)	9/21/1998 8:37:00 AM
From: bluejeans	Read Replies (2) of 32384

JD, I do not find the short term investments of $23.5 million on the Ligand balance sheet as being restriced. Thus, they are available for meeting any obligation. While I share your overall concerns, I do not see the cash crunch/dilution issue until 1999. Even then, management made this statement in the last 10 K . 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. Of course, just to keep us worried they also made that statement in the risk section about potentially diluting the existing shareholders.<g> Bob

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