I expect management to release details of the cash payment due to the recent invoice for the govt. inoculation stock piles. The $79m will quadruple existing cash and increase cash per share close to $2/share. This will soar tomorrow, which is why I bought calls at a strike of $3/share.
There it is, Siga received $101m in a cash payment associated with BARDA. Although it's status is 'deferred revenue' it's cash they added to there books, which will be accounted for as revenue in upcoming Qs. Cash, per my expectation, has been quadrupled. This should soar tomorrow.
It is classified as deferred revenue- any idea when they plan to recognize the revenue? Maybe when the lawsuit settles?
The payment was in excess of what was expected (101 million; 5 million of which was reimbursement and 96 million payment). This should be a positive, but I am disappointed it is not recognized this Q. I gambled this afternoon, betting it would jump based on payments. Will see how the market perceives it tomorrow!