The good news is that SIGA will invoice the government for $75 million in the third quarter. And, even if they lose the appeal with PIP, they are guaranteed the first $40 million. Therefore, SIGA should collect a minimum of $40 million in the third quarter. The $8.2 million is a milestone payment.
LOL! If that wasn't the "hey, I know nothing about business or accounting" post of the year I don't know what is. No wonder the stock is such a bad investment, I'm surrounded by idiots. I should have known better.
Tennessee moron...Can't figure out if you're simply dumb as dirt...a lying psychopath....or a little of both...
The company exited Dec. 30, 20112 with 32 million dollars in cash which was down from 49 million at the end of 2011. The company in the conference call specifically refused to state how much cash was currently on hand until they file the 10q. That may not happen for weeks. So please tell everyone where you obtained your figures if other that your left inner rear orifice??? TIA
golongin, I think he meant that the "invoiced" for another $8M in cash, not that the balance grew. They did say that....but what most here don't realize is that they probably burned thru a significant amount of that already.
Furthermore, the issues this company CONTINUES to have (now even with it's accounting) clearly shows how DESPERATELY they need new, good, proper, and appropriate leadership. These guys are just not getting it done. I've never seen any public company run like a lemonade stand before. But the SP shows that the general investment community is not as dumb as most on this board are.
By the way, just a quick dig....how's that AAPL short doing?
The 8.2 million is a milestone and if memory serves me will be booked as revenue in Q2-13 and milestones are not shared by Parson's ruling. Interesting, the analysts currently project a loss in Q2 so we will apparently have an earnings surprise for Q2 unless they re-project.