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


To: Flagrante Delictu who wrote (21349)5/23/1998 1:27:00 PM
From: John O'Neill  Read Replies (1) | Respond to of 32384
 
Bernie..I couldn't make the meeting ..I was seeing patients (home health).

LGND having right to sell to LLY sounds better....If the price is based on a fair market value at the time of sale rather than the current price.

If so, wouldn't LGND jump to sell another $20 million in stock if the price was high enough and they get 20% over market??

JO

PS off topic,
(I doubt the appeals court will uphold the ruling in it's current form on Secret Service requirement to testify before grand jury.)