He is the WORST investor of all times and has consistently and ruthlessly backed SIGA, their share price, and their horrendous management team. For some reason, he wants to convince people to buy this stock, and all is okay. Well, losing a lawsuit, only having one order on your only product line, and getting delisted is NOT okay. Get a grip on reality people. This guy is either a complete fool, or an employee of the company.
PIP takes over the drug so GOV and other countries can buy from someone they can trust. Everyone wins except maybe Siga commons. That seems like the only logical outcome here. Better call Saul...I mean better buy PIP...lol
Unchanged. I'm glad the stock has run lately but I'm not sure it means very much. SIGA is likely to be delisted shortly and the stock will take a hit. Then the Delaware Supreme Court will agree to hear the appeal and the stock will bounce back. Then in a few months the DSC will make their call. If it's in favor of PIP, both sides will come to a quick settlement where the payments are made over some longer time period because PIP doesn't want to continue this in bankruptcy court. PIP's decision to fire most of their employees supports telegraphs this IMO. If the DSC decision is in favor of SIGA, I make a lot of money. Either way, SIGA emerges from bankruptcy rapidly after the DSC decision. Long term, either way, PIP is out of the picture and SIGA gets FDA approval and a follow on contract (thank you Russian Government with smallpox in crisis) sometime around 2017 and I make a lot of money.
Sentiment: Strong Buy
I'm just trying to get them to see you for what you are, a fool. The funny thing is, that posting already has TWO thumbs up, so it appears people are getting it. Who's posting drivel now??
Sure - why would anyone want to sell a stock of a company that has lost every court decision, filed for bankruptcy and was delisted? All the way paying big executive bonuses. Defies the imagination.
Sentiment: Strong Sell
Don't listen to the other bagholders telling you to hold. Sell ASAP because when a stock is delisted it means an immediate drop in liquidity which results in the share price dropping 50% or more. Then over the course of time the share price bleeds down another 25%.
Sentiment: Strong Sell
For the year ended December 31, 2014, the Company incurred approximately $2.1 million in reorganization expenses in connection with the chapter 11 filing. See Note 1 to the financial statements for additional information.
For the year ended December 31, 2014, we incurred a tax provision of $53.5 million on pre-tax net losses of $211.9 million. The tax provision primarily relates to the Company’s conclusion that it could no longer realize its deferred tax assets on a more likely than not basis because of the PharmAthene litigation, the chapter 11 filing and the substantial doubt about the Company's ability to continue as a going concern (see Note 12 to the financial statements).
(Is there a Board of Directors looking out for Siga shareholders?)
drod4ball: no one could be that big a fool; I'm going with the employee of the company option. Been a long while since I last posted. Sold out a long time ago of both these poc, and, like everyone else, lost my shirt. Hope things are going well for you.
Is there a BOD looking out for shareholders?!? That's HYSTERICAL! Andy Stern is on the board! The guy is a fraud on this BOD.
How about this:
Stock-based compensation expense for 2014, 2013 and 2012 was $2.4 million, $2.3 million and $1.8 million, respectively.
They awarded MORE money in stock compensation last year than over the last THREE years!
And you think the BOD is doing their job??!? This company is just a big fraud with sleezebags doing for themselves!!
The record shows that by spring 2006, SIGA was quickly running out of money. See T. Tr. 1396-97 (Konatich); JTX 214 (“If we could have saved the $1.3 million wasted on [former SIGA executives] we could have gone forward on our own.”) (Konatich); JTX 205 (“At this point the terrifying thing is if the deal falls through and we are back to no [money], no CEO and a #$%$ off Donny.”) (Hruby). In fact, SIGA was able to use approximately $600,000 from the Bridge Loan to begin human safety trials in May 2006. JTX 203, 210.
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
Decided: September 22, 2011
* Now look how they handle cash while in Chapter 11.
Do you know HOW MANY TIMES I've heard wild #$%$ predictions like that over the last 8 years?? Suddenly this time it's going to be different, right? What will be different? The same guys are running/ruining this company. They are the most irresponsible and reckless group of people managing a company I've ever seen.
Now we all know the reason for the run up.....some big holder needed to get out prior to the delisting. I love how fools like sellhigh and onetoomany start ribbing ME when the price rises, and then are suddenly radio silent when the news comes out. Aren't you people SICK of the constant negativity with this stock? The consistent bad news? The idiotic management? The ups and (mostly) downs? I grew tired.
It has been known for months stock would be delisted. If it doesn't hold I will be buying more. All the institutions that can't own pinks are already gone. Today's action is just buzzards looking for bones to pick. Look at all the covering into the close.