Skeletal staff for minimum burn of cash. Set up to liquidate the company and distribute cash to shareholders. Attempting to maximize ROI. After expenses $3.00/share???
Legal case (BK) may delay payment in full for another year?
Strine on DSC seems very knowledgable about this case and it looks like his baby. The man showed a deep understanding of the bad faith breach and that it was done because 246 looked soooooo promising Sept 06. I think he has had in depth conversations with Parsons on this one. It would be a nice gesture to have the final decision out before Parsons leaves.
I'm guessing it's likely. I'm also 90% wrong on guessing court timelines.
Strine had put in a lot of time and knew the facts as well as anyone in the courtroom. The man was impressive in how he controlled both lawyers presentations to expose the facts of the case. I'm guessing Strine was more impressive when the 5 judges went behind closed doors to discuss the case and make their final decision. I doubt the other four put nearly the hours Strine put in to know the case so well.
Supreme's said this should have been settled on LATS terms. Parson's agrees but wants to gave Siga law firm far too much. Crossing my fingers the Supremes clarify that they meant ill will and LATS on what was a billion dollar contract being awarded by the Feds.
One more day.
Judge Parsons has an impressive background and many years of dealing with complicated cases. Judge Parsons got guidelines from DSC and to to take a closer look while using the most qualified specialist to determine the settlement. Parsons went way conservative to find what would be the case in Siga's Layers expertise.
versus ya-ya opinions on this board. Did you pick up PIP shares at lower prices? I did. Would I hire you or Judge Parsons for legal advice? HA!!!
Google it for an interesting read.
Yahoo Message Board, read it for the invaluable input of bashers wanting the price lower. Sorry guys you've had your chance. Keep bashing with your vast knowledge to scare the long time holders from their positions at these prices.
$30,000 plus coming everyday. Maybe the DSC will look at the broadening attempts to keep this one from being settled (just more bad faith) and ramp some fines that hit insiders forcing them to do the wright thing ASAP. Probably good to settle on court house steps, it's no uncommon.
$30,000 plus a day still coming into the coffers at PIP. Bad Faith team knows Siga shareholders not management or insiders will pay the bill.
Siga just proves how money moves lady justice. Law firms and Siga Management still doing great and will no doubt continue to rape Siga shareholders long after this lawsuit is over.
GLTA, except for Siga Legal team and the Perelman Management team
End of day exit coming. Who wants to risk being in market as we enter the dawn of the Age of even more extreme battles in Congress. The folks in DC will not be working for the betterment of all it will be all about getting my way or take it all under threats.
GLTA, democracy at it's worst is coming to the financial well being of the US
CNBC says it will all be controlled and market is OK. Huh!
CAT's comments were so gloomy. If talking head can talk up this market I want downside protection. PKG? Buy at the low and wait for the economic rebound for looking a few years down the road. No V bounce as worldwide problems. Let me know the low end please.
Worldwide recession why would oil head higher? 'Demand is collapsing with every layoff and weakening economy I'm guessing Saudi Arabis knows share of demand is more important than price. An oil price determined by demand instead of a cartel.