Well, there's the answer to your "shenanigans" one2many. Never a dull moment, or a positive one around here. Let's see, they get taken out of the index, and I'm sure some people here will view that somehow as a positive development.
The only way I would see this as a positive is if the reason for the departure is that SIGA is about to be purchased. Of course that would mean whomever managed the list knew in advance, which, I would think, would break some rule about insider trading.
Slightly more likely is that based on the last conference call, it is assumed that a sale of the company is now the primary objective for the board/management.
It could also be based on the number of days traded below 5, which is the standard low point for a stock to be included in a fund.
It will be interesting to see who now owns the shares that were released...
...well maybe this is where MacAndrews & Forbes, Inc., the holding company of Ronald Perelman comes in. The good Dr is already sitting on it's board as VP of Life Sciences and distressed SIGA can finally be scooped up at basement bottom pricing. A few more months of Delaware delays and most remaining shareholders would jump at any low ball offer, not to mention Bob's your uncle.
Golong you're the legal eagle what say you to a den beaver's logic?