If PIP wins, Siga trying to sandbag is wishful thinking and the end
SIGA pps will be sandbagged as well..and then PIP backers will buy majority of SIGA stock and take over the company. Whoever wins will have the most wallstcrooks backing them. SIGA investors will also lose if they sandbag because PIP will wear them out in the court system...and the judge will not like sandbagging regardless of accounting schemes...which means very little with a judge. A judge looks thru the BS and takes the BSer to the wood shed. That's why SIGA lost in the first place. We need lots of judges to look at what the short scamming inside info trading wallstcrooks do and throw their a$$es in jail with other common criminals.
Have a good all...I own both and hope they both fly high...but I have my doubts considering wallscrooks everywhere.
When a ruling like this one presents the likelihood of incessant litigation to define profits, it calls its correctness into question. Both parties have a right to get this behind them, and the court has an obligation to settle the matter, not just kick the case around the court system.
" A judge looks thru the BS and takes the BSer to the wood shed" ...yeah just like the supremes did to Goldman Sachs?
P;Power, Perelman, Priviledge, Profitablity, Parsons, Precedence, PIP, Parasitic, Ponds
SIGA goes from $2.38 up to $15.88 back down to $1.88 on fastrack & a law suit(which took over 7yrs and still no FDA) The company loses on a bogus, precedent setting judgement when a contract was clearlynot enforceable. You tell me who isn't gaming the system.
Wallstreet wrote: "PIP backers will buy majority of SIGA stock..."
Impossible scenario. Insiders own most of SIGA and aren't selling. And SIGA is the company with deep-pockets backers (Perelman). PIP does not. If anyone is "worn out in the court system," it will be PIP.
Not to mention SIGA has a pipeline and PIP has garbage. PIP will be sooo diluted before they see a dime from 246 as they will need to raise a ton of cash to survive until they get paid, maybe until 2015?
I think you might want to listen to the last conference call. Their plan is quite clear and completely legal. PIP will wait a long time to see a dime even if they prevail in the Delaware Supreme Court.
I think they end up with Reliance Damages. More than they deserve...