Ligand (LGND) Breakout! Message Board

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Biotech / Medical : Ligand (LGND) Breakout!

LGND 184.82

-1.9%

3:59 PM EST

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To: aknahow who wrote (25857)	9/29/1998 5:03:00 PM
From: JOEBT1	Read Replies (1) of 32384

George--My expectation is that LGND will sell for much higher prices at some time in the future (H&Q had a target of 25 for '99)-- therefore selling 20M at 11.6; 30M at 14; and possibly another 80M at 14 to 20 through conversion is clearly dilutive if the stock price reaches 25. At any rate they probably had to make a deal given their burn rate and Seragen but then why the statement at Bear Stearns. In respond to another poster, Atkins left about 2 weeks ago according to what I was told.

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