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SIGA Technologies Inc. Message Board

  • nicehedges nicehedges May 26, 2013 1:19 PM Flag

    Email Todd Fromer

    It won't hurt for any interested Siga long to shoot Todd an email. It's not to say that the company will start paying attention to shareholders now, but the effort can only help to defend against PIP's Sunday PR offensive.

    Something like this might benefit us:

    Hello Todd,

    I've been a holder of Siga stock for many years, and used to correspond with Marybeth. I'd like to make a request. As I'm am sure you're already aware, Pharmathene issued a very misleading press release today: "Delaware Supreme Court Affirms Lower Court's Ruling That SIGA Technologies Breached Its Contractual Obligation To Negotiate In Good Faith."

    Adding gasoline to fire, other news outlets like WSJ + Bloomberg are picking up this piece WITHOUT COMMENT.

    As both you and Pharmathene are well aware, the Supreme Court affirmed in part, reversed in part. It reversed the decision by Parsons that Promissory Estoppel applied in this case. It was sent down to the lower court again so damages could be assessed as "Contract Expectation Damages" only. This is NOT a victory for PIP, and it might well be a very good decision for SIGA.

    I am sure I speak for other shareholders who would like to see Siga issue a counter press release. The fact of the matter is the company should be proud to say they are happy with some aspects of the supreme court's decision. Siga has an obligation to protect its shareholder's value by responding to Pharmathene's misleading statements today.

    Your's truly

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