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


To: Flagrante Delictu who wrote (14249)2/4/1998 9:48:00 PM
From: tonyt  Read Replies (1) | Respond to of 32384
 
What part of WTDEC's analysis do you disagree with?

--Tony



To: Flagrante Delictu who wrote (14249)2/5/1998 12:22:00 AM
From: Michael Massimilla  Read Replies (2) | Respond to of 32384
 
WTDEC's analysis covered the time value of the warrant but not
its lesser risk. Suppose LGND were to suffer a major rejection
by the FDA, and the stock went from 11 to 6. Would the warrant
go from 6 to 1? No.