A final court decision is to be made for the reward to PIP. That decision will occur any time after mid-August. It is plausible that the stock price works it way higher prior to that decision, followed by a breakout through the 2 year top following the ruling.
Timeframe: August 15 forward
If the decision is reaffirmed, PIP surges toward $6 in short order.
There are far too many shorts on the wrong side of the trade now.
Unless I heard wrong, a decision will be made in August that should re-affirm the prior 4 decisions in PIP's favor of 50%. The ruling later is too determine lump sump or periodic cash flow.
Either way, it is good for PIP.
The stock is going much higher.
"We now hold that where the parties have a Type II preliminary agreement to negotiate in good faith, and the trial judge makes a factual finding, supported by the record, that the parties would have reached an agreement but for the defendant's bad faith negotiations, the plaintiff is entitled to recover contract expectation damages."
The PIP terms = Type II preliminary agreement. Siga really needs to trump the 50/50 & $40M before this goes back to court