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SIGA Technologies, Inc. Message Board

beepoe111 2 posts  |  Last Activity: Apr 8, 2014 8:43 PM Member since: Dec 12, 2007
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  • The Company has not received additional guidance from BARDA relating to the partial termination and as a result, no assurances can be given that it will receive additional significant funding from BARDA for the further development of SparVax�.

    The Company currently owes General Electric Capital Corporation ("GECC") an aggregate of approximately $1.5 million under a Loan and Security Agreement (the "Agreement"), dated as of March 30, 2012, among GECC, in its capacity as agent for the lenders, and the Company. GECC could assert that the receipt by the Company of the letter described in the press release set forth above constitutes an Event of Default, which would allow GECC to terminate the commitment and the loans under the Agreement and declare any or all of the obligations thereunder to be immediately due and payable.

    Truly hope we are not next.....

    Sentiment: Hold

  • We are presently residing in the "where are they Now?" file

2.79-0.01(-0.36%)Apr 17 4:00 PMEDT

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