We seem to have 12 extremely talented members on the Board of Directors.
Nevertheless perhaps we could get the job done with 7 or 9?
As a point of reference Pfizer has 13 members on their Board.
IMHO someone on our Board should come up with a plan to settle the Pip
case out of court---put the destiny of Siga shareholders back under the
control of the Board, not Judge Parsons, not the attorneys---
Any judicial decision involving a sharing of profits with Pip will not work out
in my opinion---There is the potential for endless bickering and more
legal mumbo jumbo involving the determination of "profits" --what expeneses
were appropriate etc. --More litigation etc. etc.
This should be done before the end of the year (2013)
It should not take more than 3-4 hours to resolve this--
Two directors from each company should meet at first
(no attorneys present) and work out a preliminary agreement
that is fair and equitable IMHO a settlement would not
involve a sharing of profits --- but rather:
Some cash to Pip
Royalty arrangement on future sales of Arestvyr
Warrants to Pip Shareholders to buy Siga stock (price to be worked out)
Shareholders of both companies would benefit immensely.
That is what Directors are supposed to do---work to enhance shareholder value
The problem is management and the BOD are inept. They put their egos ahead of the shareholders, and aren't smart enough to see that getting out of this mess is the best thing for everyone. Arrogance and stupidity together are dangerous.