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

To: bluejeans who wrote (15539)	2/20/1998 6:11:00 PM
From: Henry Niman	Read Replies (1) \| Respond to of 32384

I believe that a filing by the 10th was required. Since there was none, it looks like Farallon is sitting tight on their position.

To: bluejeans who wrote (15539)	2/20/1998 11:35:00 PM
From: Flagrante Delictu	Respond to of 32384

bluejeans, Re: Farallon. Any owner of 5% or more of an issue is required to report any transactions in that issue by the tenth day of the month following the month in which any transactions were made. We have not seen any reports by Farallon for a couple of months. Therefore, we have to assume there were no transactions, or, if there were, they have been reported & we didn't learn about it, or that they have deliberately chosen to defy their obligation. Most probable is the former. What makes you believe that the sale of the block of warrants at $5.00 was either arbitrage related or Farallon related? Bernie