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

To: dwc who wrote (23707)	7/30/1998 10:14:00 AM
From: Hippieslayer	Read Replies (1) \| Respond to of 32384

Yes, You may call a time out. But of course, no matter what i do i'll be accused of something. ONTAK, according to henry--if i remember correctly-- should be approved sometime next month. but I guess it could take till end of this year. Fact is that the apporoval process is hidden to us. Only the company knows where they are with the process. Hope that helps.

To: dwc who wrote (23707)	7/30/1998 11:41:00 AM
From: jayhawk969	Read Replies (1) \| Respond to of 32384

dwc, According to IR last week LGND/SRGN will resubmit the required additional paper work "the last week in July or very early August". I don't know how that then effects the time clock for approval. The .23 bonus is dependent on Ontak approval within 2 years of acquisition of the company, and is payable by Ligand 6 months after approval The shareholder vote is scheduled for August 12. required proxies are in hand. After reading the 300 page document the only out that I see now that is negative to a prospective purchaser would be the proof of misrepresentation by SRGN to LGND. Current "listed" is .43 with an ask of .48. I have had a sizable bid in all week at .45. No partial fills to date. If any one on this board wants to sell via transfer let me know. I'll be happy to save th 1.6 cents Schwab charges on stock sales less than a $1. J.D.