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SIGA Technologies, Inc. Message Board

  • roosterly9 roosterly9 Nov 7, 2013 12:58 AM Flag

    I think company is being sold

    These guys have received $100 million for a product that they say the have done the delivery for, for that they should have had 87 cents earnings this quarter, that headline would have jumped the stock. Why wouldn't management want to have their stock price go up? answer is they do not want the stock price to go up above what they are negotiating to sell the company for. If they are going to sell the company for $5/share, they need to have the market price way below that. Add to all of this, the layoffs, I think they are selling the company.

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    • owenscpa@swbell.net owenscpa Nov 7, 2013 1:29 AM Flag

      Think Revlon.... keep price low, control shares and sell to yourself.... However, we've seen it once - harder for RP to do it again IMO

    • Isn't there a higher liklyhood that recognition of rev & profit remains on indeffinitely deferred status (at the behest of Siga management) to squeeze PIP?

      Here's a ryme for you. PIP gets ZIP until cash received above (I believe) the first 40M revenue above the 40M is then subject to the court ordered profit/revenue sharing breakdown.

      Anybody care to comment on this?

      Koufax.

      • 1 Reply to koufax62
      • owenscpa@swbell.net owenscpa Nov 7, 2013 7:38 AM Flag

        What mgt said is that development of other projects are to the point where partners are now being sought. Dengue has nothing to do with the lawsuit.

        Damages are going to be re-heard re: ST 246 only, first by the same Judge who screwed up his initial damages determination and clearly has it in for SIGA. This will need to play out.

        The income deferral aspect may or may not ever be cleared up. My opinion is that RP has no reason to try to increase the share price of SIGA. He's looking to the long-term and only his interests. This is a 2-3 year investment and if possible, he will try to take it down and away from shareholders at the lowest possible price before selling out.

        Hopefully, there's sufficient institutional holders that he won't easily be able to steal shares from the rest of us small investors.

 
SIGA
1.3897-0.0103(-0.74%)Aug 21 3:59 PMEDT

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