1)The merger was "NOT" completed on time (null and voids everything) that's why "BOTH" parties agreed to a time for completion.
2)"NON BINDING" was written all over the contract, if the contract was "BINDING" ---> The completion date should have been "BINDING". The judge can't have it "BOTH WAYS".
3)SIGA had a fiduciary responsibility to the shareholder, when the contract was "NOT" completed on time and the government offered SIGA "NOT" PIP a grant SIGA did what was in the best interest of the shareholder.
4)ST-246 is SIGA's property, SIGA purchased it and began to develop it before PIP ever entered the picture. PIP did nothing more than provide a bridge loan while SIGA did 95% of the work on ST-246. PIP should be entitled to nothing more than 5%
5)A "PROPOSED MERGER" is "NOT" a "MERGER". It was "NOT" final and 50% of the profits after the first 40 million is overdone. Individuals pull out of "BINDING" real estate contracts all the time. In this case the individual was SIGA who had plenty of reason, one being the contract was not completed on time.
6) PIP's loan was repaid in full, "WITH INTEREST", so there is "NO" justification for PIP's claim.
7)PIP has "NOT" proven SIGA acted in "BAD FAITH", in fact it was PIP that a case can be made allowed the time to expire in the "NON BINDING" contract. PIP is now acting in "BAD FAITH" because they are looking for unjust and disproportionate gain.
8)PIP is acting in "BAD FAITH" because they ignore the "NON BINDING" statements on the contract. What does "NON BINDING" mean? Why was it on the contract if "NOT" meant? According to PIP the rest of the contract should have been "IMPLIED TO BE BINDING" however "NOT" the words "NON BINDING"
9)PIP is arguing for an unjust and large reward while blatantly overstating what they brought to the table in an effort to make themselves richer. This is criminal in my opinion.
10)This country has supreme courts for a reason. Thank God it does!!!
SIGA has now hired a great lawyer who knows these kind of cases... he would not risk his reputation if he did not believe SIGA will win.
SIGA also waited till out from under the PIP pocket judge to hire a good lawyer.
PIP is a joke and they will NEVER see a dime.
AFTER 40 million profit is SIGA's even if SIGA lost and SIGA will WIN