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

To: B.D. who wrote (24982)	8/28/1998 1:03:00 PM
From: bob zagorin	Read Replies (1) \| Respond to of 32384

for one thing, it means you can buy the common on margin by putting up about $3.5, not much more than the warrants and, of course, you don't have to pay to convert them. you do have pay margin rates which are quite low right now and you also have to take the risk that lgnd could fall below 5 and then you would have to cover your margin on that stock.