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Skullcandy, Inc. (SKUL) Message Board

cash2go 252 posts  |  Last Activity: 16 hours ago Member since: Feb 8, 2006
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  • Reply to

    Markets, Lies and Garbage

    by cash2go Nov 25, 2014 12:34 PM

    Siga payroll:
    CEO..............1.08M
    CFO..............636K
    VP.................772K
    Exec. VP.......675K
    LEGAL FEES - don't ask
    Expense accounts and blah blah blah..a whole lot more than we will ever know.

    Bad Faith negotiations have been a home run for so many for almost a decade. Markets, Lies and Garbage.

  • Reply to

    Settlement judgment is overdue

    by fnmaman Nov 21, 2014 3:15 PM
    cash2go cash2go Nov 26, 2014 1:05 AM Flag

    Unfamiliar with the mediation process? Google this:

    "Ten Settlement Conference/Mediation Traps for the Unwary"

    Parsons has given them the math the Supreme Court said made sense in this trial. The two are eventually going to settle in a way that enriches both sides to the max. If they announce the mediation was a failure and the stocks fall buy more shares. The math will not change and they return to mediation to reach that most profitable settlement for both parties. If such a drop occurs I suppose I will be adding at even better prices along with family and friends of Siga and Pharmathene.

    How Long? I'm starting to think at least one party doesn't want to settle in 2014 and pay taxes for this year. We also know Siga has long term tax assets that are worth over $50M if income is recognized over an extended period of time. A deal will be reached where $50M (plus) of tax assets are used.

    We may even have a hard winter. I'm guessing spring is going to be one to remember.

  • A headline I just ran across on Bloomberg. And seems to be the answer to my question:

    How is (someone) always getting a lot of shares a few pennies above my low ball bids?

  • Reply to

    Settlement judgment is overdue

    by fnmaman Nov 21, 2014 3:15 PM
    cash2go cash2go Nov 23, 2014 10:17 PM Flag

    Settling this out of court still makes the most sense. Siga would regain $50m plus in write-off of deferred tax assets at a minimum.

    GLTA shareholders

  • Reply to

    I added

    by eurafrules Nov 14, 2014 1:05 PM
    cash2go cash2go Nov 20, 2014 2:29 PM Flag

    Siga Corruption:

    Supreme Court found that the duty to negotiate in good faith was expressly incorporated into both the bridge loan and merger agreements, the contract would govern the remedy. (LATS)

    SIGA breached its obligation to negotiate in good faith under both the bridge loan and merger agreements because Siga saw so much value in ST-246 in Septemeber 2006.

    Supreme Court also explained to Siga that "bad faith" implies a "conscious doing of a wrong" with a "dishonest purpose" or "ill will," not merely acting negligently or with bad judgment.

  • Reply to

    Dilution should be over by now

    by cash2go Nov 19, 2014 1:13 AM
    cash2go cash2go Nov 20, 2014 12:58 AM Flag

    short term traders providing longer term investors great entry points

  • Reply to

    Dilution should be over by now

    by cash2go Nov 19, 2014 1:13 AM
    cash2go cash2go Nov 20, 2014 12:56 AM Flag

    p 22
    Since September 30, 2014, we generated an additional $2.2 million in net proceeds under the controlled equity offering sales agreement, as amended. Aggregate gross proceeds of up to $3.0 million remain available under this arrangement.

  • cash2go cash2go Nov 19, 2014 3:45 PM Flag

    With $103 million in cash, $18 million in inventory, and $175.1 million in additional paid-in capital (hidden cash from sales?), SIGA looks quite profitable and capable of paying off its debts in BK.

    ($175M is "paid in" because they want to use their the loss carry forwards and pay minimal tax)

    (Im thinking Pharmathene has loss carry forwards of their own of over $100M)

    Shouldn't Parson's math be released before Thanksgiving. I think his math was being finalized despite any mediation going on between the two companies.

  • 10Q

    Under the controlled equity offering sales agreement, as amended, the agent may sell shares by any method permitted by law and deemed to be an "at-the-market" offering as defined in Rule 415 promulgated under the Securities Act of 1933, as amended, including sales made directly on NYSE MKT, or any other existing trading market for our common stock or to or through a market maker. Subject to the terms and conditions of that agreement, the agent will use commercially reasonable efforts, consistent with its normal trading and sales practices and applicable state and federal law, rules and regulations and the rules of NYSE MKT, to sell shares from time to time based upon our instructions. We are not obligated to sell any shares under the arrangement. We are obligated to pay the agent a commission of 3.0% of the aggregate gross proceeds from each sale of shares under the arrangement.

    As of September 30, 2014, shares having an aggregate offering price of $5.3 million remained available under the controlled equity offering sales agreement, as amended. During the nine months ended September 30, 2014, we sold 9,194,591 shares of our common stock under this arrangement resulting in net proceeds (net of commission) to us of approximately $15.5 million. Included in the aforementioned nine month total is $0.5 million in proceeds received subsequent to September 30, 2014, which are included in prepaid expenses and other current assets on the condensed consolidated balance sheets.

    * (most if the $5M left has already lead to dilution and been completed), next we should see more incentive shares awarded to the officers of the company. I suspect the bottom will be in and that would be a good time for serious accumulation for those expecting a favorable tabulation of lump sum.

    Cash in hand it's time to make a deal with Siga. A letter to shareholders would be greatly appreciated.

  • Reply to

    I added

    by eurafrules Nov 14, 2014 1:05 PM
    cash2go cash2go Nov 18, 2014 12:20 AM Flag

    Note to management:
    stop raising funds at these prices!!! Please release a statement ensuring your shareholders about what is going on asap.

  • Reply to

    I added

    by eurafrules Nov 14, 2014 1:05 PM
    cash2go cash2go Nov 18, 2014 12:17 AM Flag

    Management needs to adopt a poison pill ASAP. Very thinly traded and easily manipulated to the downside. The price was hanging around $2.40 before the Chapter 11 filing. Where would it go if Siga goes for an appeal?
    A buyout at an even $2 would be a disaster and seems more possible every day.

  • Reply to

    I added

    by eurafrules Nov 14, 2014 1:05 PM
    cash2go cash2go Nov 17, 2014 1:06 AM Flag

    $200m sounds in the range. Market is not pricing it in as the Chapter 11 filing spooked so many. Also seeing PIP sell millions of shares in this range is a double whammy. Low demand and the negative of seeing PIP selling shares. Personally I think you have to have a war chest to show Siga you mean business at the negotiations table. I understand PIP selling shares in this range, how bout letting shareholders know this is coming to an end as the war chest is now large enough.

    Parsons should be coming out with his damages calculations soon. My guess $240M

    Hope shares continue to fall in the short term. I'm collecting.

  • cash2go cash2go Nov 13, 2014 6:22 PM Flag

    I tend to exaggerate as I pass the time waiting for news and play on these boards. A double/triple in a few months or even a year is nothing to sneeze at.

    Expecting a nice reaction when Parsons finally announces his total for expectation damages. Shouldn't be long?

  • cash2go cash2go Nov 13, 2014 2:43 PM Flag

    Pelman buying Siga shares? Guess he is confident Chapter 11 is for reorganization and that Siga will be able to pay the Delaware awards to PIP and then to continue down the road acquiring more payments with even more BARDA deals.

    Where is the bottom in PIP? I wouldn't mind picking up a large position and getting rich in the next year

  • cash2go cash2go Nov 13, 2014 2:36 PM Flag

    Perelman buying Siga shares inspite of Chapter 11 filing. I really thinks its a fact he see Chapter 11 as a reorgination. Perelmena truly believes he could world out a deal to even pay a $240M fine and see lots of upside for Siga and Tecovirimat as a financial endeavor.

    Meanwhile PIP has it's war chest up to $20M cash. Cash that will be available for showing Perelamn PIP will be the until the end. And, cash is always useful should someone be pursuing a possible merger deal.

  • Patience can provide some unbelievable entry points. Can PIP go lower? Possible. Pip has raised millions at these levels recently to build up their 20M cash war chest. Nobody knows what Perelman is willing to do to drag out this case. PIP has to have a cash position to show they will be here no matter what Perelman's plans are nor how long they may take.

  • Reply to

    Appeal

    by mustyroger Oct 31, 2014 4:52 PM
    cash2go cash2go Nov 11, 2014 3:29 PM Flag

    Does Siga really want to appeal?

    Supreme Court found that the duty to negotiate in good faith was expressly incorporated into both the bridge loan and merger agreements, the contract would govern the remedy. (LATS)

    SIGA breached its obligation to negotiate in good faith under both the bridge loan and merger agreements because Siga saw so much value in ST-246 in Septemeber 2006.

    Supreme Court also explained to Siga that "bad faith" implies a "conscious doing of a wrong" with a "dishonest purpose" or "ill will," not merely acting negligently or with bad judgment.

  • Reply to

    Siga's 10Q page 7

    by cash2go Nov 5, 2014 3:28 PM
    cash2go cash2go Nov 11, 2014 1:26 AM Flag

    Settle the case and Siga can use it's $54M? Settle with a merger and Siga can use Pharmathene's $100M plus of tax loss carry forward.
    The interest cost penalty is adding up along with the lack of having the appeal bond money working in your account if you're Siga....

    Perelman is a smart man, wonder what is thinking at this time.

  • Reply to

    Siga's 10Q page 7

    by cash2go Nov 5, 2014 3:28 PM
    cash2go cash2go Nov 11, 2014 12:48 AM Flag

    Siga inching higher isn't necessarily a bad sign. Also good to see that Mr. Perelman just bought another 200,000 shares of SIGA.

    Both should be a buck, or more, higher when this case is resolved. JMHO

  • Reply to

    Siga's 10Q page 7

    by cash2go Nov 5, 2014 3:28 PM
    cash2go cash2go Nov 10, 2014 12:31 AM Flag

    $307M sitting on the books as of today.

    Pay the taxes and distribute the money to the shareholders. Of course you will be paid big farewell bonuses that ensure we all leave happy. An early 2015 payout would best benefit most shareholders if you happen to care about us.

SKUL
9.48+0.01(+0.11%)Nov 28 1:00 PMEST

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