If you want to down thumb the post, state your opinion.
I will say with a high degree of certainty that PIP is going to take out $9, and likely much higher than that.
The smart thing to do is purchase while it is so cheap. In 12 months, all longs will be very happy.
I agree. Over the years every once in a while something like PIP comes up. Completely logical that it should win its suit and rise. Usually there is a panic over some extraneous event or shorts beat the small company stock down as happened here. You buy the stock. It sits there at a low level for a while. You load up on it. Eventually the blocker disappears. The price rises. You say a little prayer of thanks to the stock market god who created shorts so that they could suffer to provide you with a low price buying opportunity and watch it rise. The fact in this case that the just thing of punishing SIGA, the one who acted in bad faith, and rewarding PIP, the one who acted in good faith adds some icing to the cake. I agree though that PIP remains a buying opportunity. Things rise and fall sometimes for known reasons, sometimes not. But fundamentally things look good.