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


To: Machaon who wrote (27193)1/5/1999 12:21:00 PM
From: Mudcat  Read Replies (1) | Respond to of 32384
 
< The Elan deal and the $12 million from the warrants, without dilution, should make the 4th quarter earnings report look pretty good, IMHO.>

Bob, maybe you can explain to me why you think either of these actions will have any effect 4Q earnings?



To: Machaon who wrote (27193)1/5/1999 12:23:00 PM
From: schadenfreude  Read Replies (1) | Respond to of 32384
 

>>The Elan deal and the $12 million from the warrants, without dilution, should make the 4th quarter earnings report look pretty good, IMHO. <<

These financings solidify the balance sheet, but they don't help the earnings. Without product sales or milestone payments, the loss for the quarter will be large reflecting Ligand's high burn rate.