In the most simple form, it is that they put 100% of their eggs in the "bio defense" basket and that was it. How many folks do ANY of you know that are currently seriously at risk of smallpox or dengue fever? These are either small world diseases in places that don't have the money to defense against them medically anyway, or they are "threats" of war....and a proactive reaction of protection. However, these are not diseases or risks that are consistently ongoing day to day.
Instead, SIGA management should have diversified it's risk in being 100% bio-defense oriented and put more focus on developing a general anti-viral, like the old ST-669. That could have really been something, something that people might need EVERY DAY here in the US or other countries. As it stands, they shelved that to focus on a drug where it is constantly under political pressure and FDA approval scrutiny. Had Rose and Hruby had any brains at all they would have pushed to parallel ST-669 along with their "bread and butter" drugs, which really have been all bread at this point.
If you disagree with me, fine. But you are missing the bigger picture in all of this and deserve to have a management like we have running a company of a stock in which you're invested in.
But they have secured a major contract with the government that is worth hundreds of millions of dollars. And there is a possibility of contracts from other governments as well. Bio defense is a national security issue and will remain one.
I absolutely agree with you! I have been hanging around for nearly 10 years waiting for anything new in their pipeline to attract attention. They tout a pipeline of drugs but have only focused on one . . Yet they have forever shouted that they are making good progress . . . Yeah, right. Say something then. All SIGA has is 1 drug, period. IMO they shouls have moved forward with their merger with PIP. We would all be rich. Instead the lawyers are stinking rich, the lame PR firm is rich, and everyone in management is bucko stinkin rich. SIGA, IMHO is ready for another haircut as soon as Parsons delivers his annual PIP lovefest!
I hate this game. Yes, it is nothing more than a game, and you know it. Siga management is doing everything to keep this stock from appearing attractive to Parson's, and large investors until they get what they want . . . Which appears unlikely. Rose needs the boot . . . They all do.