Ligand (LGND) Breakout! Message Board

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Biotech / Medical : Ligand (LGND) Breakout!

LGND 197.30

-2.8%

10:46 AM EST

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To: Alper H.YUKSEL who wrote (26881)	12/13/1998 9:44:00 AM
From: smh	Read Replies (1) of 32384

Just as governments can print money, companies can print stock. It is not clear to me how far LGND can get following a consolidation strategy, but I would not underestimate it. I am sure he will correct me if I do not get this right (for which I apologize in advance), but I believe this is exactly Richard Harmon's concern with LGND - that Robinson's intent is to grow the company through the continued issuance of stock, which if not dilutive, will at least prevent current shareholders from seeing any appreciation.

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