there was a case decided on 5/20 that was heard at the end of april, en banc. Shouldn't these guys be deciding the previous cases before moving on? I mean, this stupid thing was heard in JANUARY for goodness sakes. I could swear they're waiting for someone to grease their pockets. what could possibly take so long?!?!
That's an interesting thought. I noticed that as well. We'll never know how these guys decide? When or how?
But going on previous results, it would appear that there is a 90% chance we hear by June 5th. And that's really the bottom line. Also, according to Wedbush--who we know are bullish on Siga--the longer the wait, the usually greater the likelihood for reversal. This too is based on statistical analysis, not empirical evidence.
As for the stock today, it was down 10 cents, up 10 cents and finished flat. The volume lately has been meager. It will continue to be so, until the news breaks. At this point we are within 2 weeks of knowing. So everyone is sitting on edge, Siga longs and shorts, Pip longs and shorts.
Soon enough, we will have our answer, whether we like it or not. They delayed it once, so I would have to believe that it is probably almost 100% likely we hear within 2 weeks.
Good post, drchik. Except that statistically there is literally a 99.1% chance that they come to a decision by June 3rd (90 days). Last year 99.1% of their cases were decided in that time frame, and since they already changed the submission date, one would think that they would take pains to come in under the 90 day limit.