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


To: Andrew H who wrote (26521)11/16/1998 1:41:00 PM
From: Henry Niman  Read Replies (2) | Respond to of 32384
 
I think that trading will resume when LGND issues a press release (and there may still be some labeling discussion going on).



To: Andrew H who wrote (26521)11/16/1998 1:48:00 PM
From: jayhawk969  Read Replies (1) | Respond to of 32384
 
Andrew,

110MM accrues interest at 8%. Principal + interest convertible after 3 years at a price between $14 and $20. Therefore with assumption of 3 years P+I=aprox. $144MM. At $14 that is additional 10.3 MM shares or just in excess of 50MM shares. At $20 it is 7.2 million additional shares 47 + MM shares.

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