Family, friends and courthouse junkies showing up in volume, suddenly? The rumor I'm starting is a $3.50 payout spread over a couple of years. Siga gets 100% of any future contracts.
"NON-BINDING", goes beyond beating a dead horse. Parsons and the Supreme Court have made it very clear the issue has been BAD-FAITH. "NON-BINDING", no pride issue for Fortune Cookie
Everyone including the BK Court is fully aware of the lawyered up McAdndrews & Forbes intent to drag this one out threat if you don't give me more than I deserve.
"Quick and Aggressive Responses to Bad Faith Bankruptcy Filings"
Also have to agree with Pharmathene's recent dilution to build cash reserves despite the price.
Unable to find anything. Still nothing from Judge Parson's findings. PIP continues to build their cash position to smooth coming problems of moving all that cash into its own accounts.
That interest total continues to tick ever higher.
small biz problem had to do with Perlman's holdings in Siga under multiple subsidies put Siga's small biz into question
-got to watch those Bad Faith Boyz
Had Pharmathene controlled 246 per LATS I'm guessing the entire smallpox antiviral program would have been filled at a reasonable price. Siga (the Bad Faith boyz) wanted over 2 billion and had the big contract put into question.
(Chimerix's law firm has been a financial backer for Issa)
the favorite line to bring prices down to collect.
Bioterror rules need before purchase, needed:
* 2 animal studies showing effectiveness
* Human safety studies to show safety
In 2006 the US was very worried about possible bioterror attack and it should always be so. What US and defense was most worried about, smallpox. Wanted an aniviral to go along with vaccine.
In early 2006 st-246 human studies were proving very safe. First animal study show effective. Second animal study would be done on primates in August 2006 ((with smallpox, which is very rare). Primates were protected when given st-246 (after injected with a lethal dose of smallpox all primates limited with limited side effects from disease. A HUGE SUCESS . Ready to qualify for stocking to prevent smallpox attack. A few more comparative safety studies were in the work
Bioterror acquisition of st-246 was now inevitable. Enters BAD Faith and many millions of dollar raked in by SIGA & company over the next 8 ears
Speculative??? Do you have any idea how a drug company values a buyout candidate (regular drug or company) according to passing of the Phase 1 thru 3 trials?
Would there be a buyer? The US military plans were for controlling a major city or national attack and they wanted a smallpox antiviral. Later came "BARDA" to actually handle the buying.
Help me find the speculative in Sept 2006. Scare some traders out of their stock and we all add on the cheap
2. ST-246® BARDA Agreement
On May 13, 2011, we signed the BARDA Contract pursuant to which we agreed to deliver two million courses of ST-246 to the SNS. The five-year base contract award is worth approximately $433 million, and the BARDA Contract also includes various options. As originally issued, the BARDA Contract included an option for the purchase of up to 12 million additional courses of ST-246; however, following a protest by a competitor of the Company, BARDA issued a contract modification on June 24, 2011 pursuant to which it deleted the option to purchase the additional courses. Under the BARDA Contract as modified, SIGA will sell to BARDA 1.7 million courses of ST-246. Additionally, SIGA will contribute to BARDA 300,000 courses manufactured using federal funds provided by HHS under prior development contracts. The BARDA Contract as modified also contains options that will permit SIGA to continue its work on pediatric and geriatric versions of the drug as well as use of ST-246 for smallpox prophylaxis.
(small order is to protect a city the large order is to protect the nation if a bioterror attack were to occur with smallpox)
Oil forever is a good plan for you. Save a fortune on research and development. If it works now don't fix it.
The stalling was clarified in court as you can also see with the repeated promises to put the merger up to a vote that was already guaranteed by a majority of shares (guess who was behind the guarantee). See the Nasdaq site and you can follow the filings put out by Siga in 2006 when McAndrews said funding was being cut off so Pharmathene was needed to get any drug thru the Bioterror approval process.
At the Nasdaq site.
PREM14A from 6/30/2006, see the Q&A section -
Q: Does SIGA’s Board of Directors recommend voting in favor of adoption of the amendments to the certificate of incorporation, the issuance of SIGA’s securities in the Merger and in the PIPE (including the issuance of securities to affiliates), the amendment of the stock option plan and the adjournment of the Special Meeting, if necessary and appropriate, to solicit additional proxies?
A: Yes. After careful consideration, SIGA’s Board of Directors unanimously determined that the Merger is advisable and is fair to, and in the best interests of, SIGA and its stockholders. SIGA’s Board of Directors unanimously recommends that SIGA stockholders vote ‘‘FOR’’ adoption of the proposed amendments to SIGA’s certificate of incorporation, ‘‘FOR’’ the approval of the issuance of securities in the PIPE, ‘‘FOR’’ the issuance of securities to certain affiliates in the PIPE, ‘‘FOR’’ the amendment of SIGA’s stock option plan, and ‘‘FOR’’ the adjournment of the Special Meeting, if necessary and appropriate, to solicit additional proxies, so that the Merger and the transactions contemplated by the Merger Agreement, including the PIPE and the conversion of options in the Merger, may be consummated.
* As for the BAD FAITH you will need to go back over the transcripts from the Delaware courts and everything becomes very clear.
Or, throw the battery in with the coal in the steam engine? Science and technology advancing is for losers, always.
In 2006 Pharmathene saw $400M to over a $Billion as reasonable expectations coming from ST-246. (That was when Siga saw BAD FAITH as the way to go). Siga screwed up and lost the $2 billion contract intended for the Smallpox contract. (Per BARDA)
Because of Siga's BAD FAITH and ability to draw this out eight years does Judge Parsons really believe the if and or buts should allow the settlement to be whittled down to $240M? Is a Pharmathene Appeal a possible threat?
Saudi's know to sell as much of the easy oil as possible? One breakthrough after another in energy storage and in 5 to 10 years the demand for oil will not be there. Also seeing more natural gas transport coming on line and once the flip occurs they don't go back to gasoline.
Remember steam engines and coal? Is the price of oil starting to reflect a turn in era's?
The New York BK court says there will be a large payment due Pharmathene.
Lawyered up for "20 years" and "Bad Faith" got trumped by Appeal Bond and Interest. Thank you Judge Parsons, 8 years plus has put far to many millions of dollars into the hands of everyone but shareholders.
Siga lawyered up and said this could go on for 20 years in the presentation to the Delaware Supreme Court (you can actually watch the video of the SC presentation at courts.delaware.gov/supr...). Siga also puts more focus on LATS not being valid...
Supreme Court says lump sum damages based on LATS would not be too speculative.
Case goes back to Parsons and he says for contract expectation damages he finds most relevant Baliban's Basis 1 LATS scenario.
Lawyered up Siga runs to BK court and we are back to Markets, Lies and Garbage
Delaware Supreme Court said:
the parties have a Type II preliminary agreement to negotiate in
good faith, and the trial judge makes a factual finding, supported by the record, that
the parties would have reached an agreement but for the defendant’s bad faith
negotiations, the plaintiff is entitled to recover contract expectation damages