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

To: Russian Bear who wrote (19521)	4/23/1998 7:58:00 PM
From: Hippieslayer	Read Replies (2) \| Respond to of 32384

The best news that LGnd could uses right now is that P-gel or Targ gel, when applied to the penis causes an instant and lasting erection making the Viagra obsolete. This type of news would be worth at least 10 points.

To: Russian Bear who wrote (19521)	4/23/1998 8:15:00 PM
From: Jack Be Quick	Read Replies (1) \| Respond to of 32384

RB, re:<< A "neat" (read: easy to understand and with consequences that are easily projected) resolution would be a real positive for the stock, in my view. >> You're joking, right? My "prediction" is that LLY and LGND will take both the compound and the cash & other considerations and will create a new joint venture alliance, with separate stock and warrants and a new IPO, and with provisions for dissolving the alliance at some future date (subject to various conditions having been met), at which time each will have the right to purchase all of the outstanding shares of the new entity for $25 million (plus additional considerations), and shares in the new entity will be converted to .0134 shares of Ligand common, .0465 shares of LGNDW, and .0012 shares of LLY, and 1 share of a newly created Ligand warrant (LGNDZ). This, in simplified form, is what I think is likely to happen. But I have no inside information, so be sure to do your own due diligence. Best, John