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Re: Jenkens post# 28

Monday, 05/09/2016 9:09:41 PM

Monday, May 09, 2016 9:09:41 PM

Post# of 3728
Interesting...I get it now. So these shares represent a potential payout for any acquisition by Ligand. The payout amount is variable based on the takeover targets and stock prices on specified dates. This ticket is Ligands 'General' value right account...so future acquisitions could payout. Essentially like a dividend.

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