SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Biotech / Medical : Ligand (LGND) Breakout! -- Ignore unavailable to you. Want to Upgrade?


To: Henry Niman who wrote (12254)12/8/1997 2:41:00 PM
From: Andreas Helke  Read Replies (2) | Respond to of 32384
 
If Farrallon is only interested in arbitraging than they have now the very intesting problem of what to do with 3.2 million LGNDW. With the low volume that LGNDW has it is probably almost impossible to sell such a postion on the stock exchange. Exercising the warrants would destroy the huge time premium that the warrants currently have. Proably the best method to get rid of the warrants is to find a big buyer and negotiate a trade.

Andreas