Re: Question 1 from page 110 of the judgement: "expiration of ten years following the first commercial sale of any product derived from ST-246". The 10-year term was derived from a proposal to share royalties with PIP on foreign sales of ST-246 for the life of the foreign patent or else 10 years from first commercial sale.
The timing of first royalty payment will wait until SIGA "earns $40 million in net profits or margin from net sales of ST-246". The $40 million was SIGA ex-CFO Dugary's estimate of development costs for ST-246 at the time of "bad faith negotiations". SIGA and PIP need to agree on the term "net profits" as commonly understood or Parsons will do it for them. In the meantime, if net profits are generated before any agreement, a lien will be issued against SIGA.
Oh those halcyon days of the 25th! I recall we were so young then. LOL. My mistake was not drawing harmless squiggles and stick figures on a share price graph. My mistake was not understanding that 1 in 5 SIGA shares are held by people who want SIGA to fail and fail spectacularly. Their profit would max if SIGA goes bankrupt and trades for a penny, right? In the last 30 days, they've generated a potential profit of over $7 million. What, a few phantom trades to drive the price down? I've never held stock in a company like this before.