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

To: Henry Niman who wrote (25560)	9/21/1998 8:13:00 AM
From: jayhawk969	Read Replies (2) \| Respond to of 32384

Henry, I wished I had Mr Mc Camant's confidence. This company does not have enough unrestricted cash to finish this year. 1998 milestones for the remaining 1 quarter + eight days are critical. Assuming the 2 NDA's are approved this year, Ligand could start seeing necessary revenue next year. Henry you have published the fact that this year is expected to be backloaded for milestones. What specific milestones do you expect, and will most of the milestone payments come in the form of equity. This is truly a tightwire act with no room for error. TIA J.D.