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Jenkens

05/09/16 7:26 PM

#29 RE: Jenkens #28

*CVRs
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JDoggs_Money

05/09/16 9:09 PM

#31 RE: Jenkens #28

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.