Something illegal or just another attempt at screwing consumers about to be exposed. I don't think screwing customers is in any way illegal in any way. Wall Street has a lot of political pressure coming their way and I'm sure the personal bank accounts are being stuffed.
Massive merger approved by Washington, HAHA!
Final Cohort of Phase III Study of Tecovirimat
If it means finally filing for approval, it's a big milestone payment for $50 to $100 million. Long deferred means it doesn't show up during the 8 year trial. Wonder what took them so long?
Intrexon is doing the job and going after the author. SEC is a sad joke and way overpaid for sitting on their #$%$ and rarely doing anything to protect the individual investors.
SA THE Pump and dump site, the fellow is short. Is MD Anderson spreading false rumors about the tie in with T-cell immunotherapy they are working on with Intrexon. The Zika story is icing on the cake for this one. Looks full of day traders and soon as they are gone....
Nice volume at higher prices. Remember the old days at $1.60 and 60,000 shares. I'm thinking MPM got out around then. Ha Ha.
I understand people selling and booking some of their profits or even selling all and booking a nice gain. I'm guessing the final payout has leaked to family and friends and they are the buyers. Anyone of the small guys on this board bought lately? I'm holding and looking for a nice gap up day to sell in to, over $3?
Richman and MPM gone and prospects have never looked better, the Theraclone gang. No doubt Richman wants his PIP holdings at zero ASAP, that Theraclone logic showing up again. He would of been out of Pharmathene and compensated nicely had the Theraclone deal closed.
The fact that Theraclone got millions out of the (no) deal smells, badly.
How many boyz will go to jail and lose everything in their bank account? So many billions were stolen (white collar) from retirement accounts with this game.
The public is really getting sick of this and it's not gonna be pretty the day Wall Street loses their protection racket with Washington. That 1%'ers bank the money in their personal accounts and ride off into the sunset to enjoy their fortunes. China uses firing squads to even the score.
look out for tolerance buildup in a short time as the the efficacy looks like a predictor for resistant versions to proliferate
If not elected he refuses to tell his solution? Cruz is a pretend (non)politician egomaniac and the American public will keep things going with their work and intelligence. We get stuck with the Robber Barons and the welfare state and the politicians (includes Cruz and Trump & the rest of the current gang). Americans work hard, honest and have a good system that depends on the general voting public to keep it honest, the hard part.
Cruz is in the Goldman Sacs family, wink.
Work a deal and let a sizable tax paid $206M plus never leave the Siga balance sheet. Billionaires probably like that.
And to all, the legal game is over. This is now all about accounting and tax implications. Piper does have a good reputation in the M&A stage so....
Any more Bad Failth and I would hope the courts go after the actual culprits with jail time. Along with a sizable fine to be paid to PIP. The original $106M (plus interest) was a disgrace for PIP as well as an impressive Siga win for the Siga law firm. That was not a fair settlement for the bad faith the Siga management team had hoped could be used to starve PiP into a nuisance fee. Isn't that a well known fat cat approach to lawsuits they expect to lose. Well. the tactic has put many millions into Siga and paid impressive salaries to a management team that is basically a rubber stamp "Approved" to any and all costs.
Last word. Settle this give Siga a clean start and let's see some aggressive action towards milestones and a second -246 order from BARDA. Is there a second generation -246 that would be worth some R&D?
CMX-001 will not likely even see another monkeypox failure in monkeys, inhumane as in it does not work!
If we do end up holding some Preferred Siga shares of the newly issued type we now want to see appreciation along with dividends in our preferred shares.
The Perelman/Drapkin blowup came as in late 2006 when many if not most in the field thought 246 had up to a $5 billion potential. $5 billion potential loss because Draping wouldn't finance the final few million to get the drug past the final (and definitive) primate trial.
Surely under Chapter 11 supervision and the help of an upper tier M/A team like Piper the valuation of all assets will be part of the final agreement and eventual payout.
Perelman does have some thin skin. Donald Drapkin was a life long close friend and associate until the Sida debacle. However in Chapter 11 the creditor becomes the king of the roost and for
Donald to get his millions out of Siga he has to give Pharmathene the deal they will settle for. PIP just wants to end their biotech endeavor as profitably as possible. Siga plans to continue as a smallpox provider for years to come and would want everything in this case that has long term value no matter who they are dealing with, even Pharmathene.
Pharmathene agreed to let Siga exit Chapter 11 because the offer from Siga was too good to ignore. Wild guess, PIP will get more than stated in the cold hard facts they like to release to their shareholders.
GLTA, enjoy your 8.75% interest while you can. Millionaires like Perelman don't like paying interest, they expect to be paid a return on their millions.
Slow and steady will bring in more shorts. The boyz will continue to short until $41 to $42 my wild guess. Then the real panic starts and things can really get out of hand. New all time highs possible in the short term if you get enough algo shorts buying in.
Warning, when I post anything looking like a traders mind it's not usually good advice.
Work out a deal giving Pharmathene shareholders a big dividend upfront on their new preferred shares of the new SIGA. The preferred stock will then pay out nice quarterly dividends until a total $250M plus is paid out to former Pharmathene shareholders whose shares are bought by Siga as part of the final solution.
Siga has paid taxes on everything it will give Pharmathene . If Pharmathene receives a payment from Siga it will pay taxes before distributing the dividend to it's shareholders. Paying taxes twice on the income would be an embarrassment for Piper Jaffray who working out a solution in Chapter 11 that is expected to represent debtor and creditor in reaching the best or most profitable solution for all involved. Piper took on legal liabilities and no doubt has been well paid.
What does Siga end up with?
* $20M in cash that Pharmathene now has
* $159M in NOL's that will be valuable as milestones are met
* settled the $206M plus 8.5% interest that is hanging over their head when they need to be dealing with BARDA with a clean sheet
A new and better reputation when dealing with BARDA in future negotiations is badly needed. Bad Faith reputation is the last thing you want to be associated with when negotiating future contracts.
Woke up from a dream and had to post what I could remember from it as soon as possible. GLTA, hope Piper has done a good job to bring about the best Chapter 11 exit for all.