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Biotech / Medical : Ligand (LGND) Breakout! -- Ignore unavailable to you. Want to Upgrade?


To: Andreas Helke who wrote (12260)12/8/1997 2:43:00 PM
From: celeryroot.com  Respond to of 32384
 
They shorted the stock, while holding LGNDW. So if they desire to cover they can exercise warrents.



To: Andreas Helke who wrote (12260)12/8/1997 2:43:00 PM
From: Henry Niman  Respond to of 32384
 
Andreas, I think that 1/2 of their LGNDW will still be used to cover the other 1/2 of their short position, so they will have about 1.6 million left over.