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OCZ Technology Group Inc Message Board

ddales9498 9 posts  |  Last Activity: Sep 18, 2014 10:23 AM Member since: Aug 11, 2006
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  • Reply to

    Question for the Lawyers on this Message Board

    by ddales9498 Sep 17, 2014 10:36 AM
    ddales9498 ddales9498 Sep 18, 2014 10:23 AM Flag

    TY fwabuster, cgc, et. al. Appreciate your insights!

  • Can all or a portion of the judgment be discharged by Chapter 11?

  • ddales9498 ddales9498 Aug 22, 2014 5:44 AM Flag

    wow - ok bet all your money then on SIGA because if that is what they meant, then surely they will overturn Judge Parsons' decision. Since the SC and Judge Parsons already ruled that PIP was entitled to expectation damages, you and the rest of the SIGA hopefuls are betting against what has already been ruled.

    No way did that mean the stamping of the non-binding. It was clear to the SC as it was to Parsons that the LATS themselves were non-binding yes, but several documents after and referred/referenced back to the LATS were binding. So yes, the LATS alone are useless, but with subsequent docs (i.e. merger agreement) the LATS became an essential part of this case.

    Knowing exactly what the SC meant is a bit like reading tea leaves. I read it as, SIGA was in the beginning saying, "hey PIP, work with us, we are high risk, but there is a $1B-$3B opportunity if we are successful." and when they saw ST-246 on the way to becoming commercialized they said, "whoops, sorry, ST-246 value is too speculative so you are not entitled to what we agreed upon."

    At the end of the day, I, as was many on this board, have been waiting patiently for this ruling; and made out ok. I read all the court documents, read all the SA articles, and never once did the SIGA argument make any sense to me. So I stuck with PIP and glad I did! If you are a SIGA guy, why not stay on the SIGA board?

  • ddales9498 ddales9498 Aug 20, 2014 9:23 AM Flag

    In early court documents, the then CEO of SIGA said they needed PIP's expertise and money to commercialise ST-246. Without it, they were dead in the water.

    I am beginning to think the SIGA pumpers never read the court documents. The Heads I win Tails you loose comment by the SC the first time around was a clear indication that SIGA tried to pull a fast one "Hey PIP, invest in us we have a $1B-$3B drug, whoops, now it is almost commercialized, it really wasn't that much."

    If SIGA could have done it alone, they would have. Facts and Court Docs prove that they could not.

  • ddales9498 ddales9498 Aug 19, 2014 2:59 PM Flag

    ok - I will bite ... take one for the team of sorts - of course PIP will get more than $1 from Siga. Lower Courts and SC said they are entitled to expectation damages. Sorry if you had money in SIGA, but Jeff E. predicted everything to a T - even where he thought PIP would be trading after the ruling.

    Think about it (even used the same analogy to Hudson in one of his pro-Siga SA Articles years ago) - if I were to work with Intel and develop a brand new chip and right before commercialization I say, "sorry - gonna take this on my own" wouldn't Intel be entitled to expectation damages? Of course! It is on the record that SIGA could NOT have developed Arevyster or whatever they are calling it now without PIP. It is also on record that they expected $1-$3B from this drug while creating the LATS. So - have fun with your rants and looney conspiracy theories - next August or so when the SC comes back with an AFFIRM - this stock will go up to those levels.

    Until then, I expect some dilution so I am steering clear until they have enought cash to go beyone next August.

  • Reply to

    TEE...YOU WERE RIGHT

    by diejour_44 Aug 14, 2014 3:47 PM
    ddales9498 ddales9498 Aug 15, 2014 10:40 AM Flag

    Yeah - thanks Tee. We hung in there with you. :) :) :)

  • Reply to

    Congrats everyone - A bit of reality now

    by ddales9498 Aug 14, 2014 10:22 AM
    ddales9498 ddales9498 Aug 14, 2014 10:49 AM Flag

    I am almost sure they will appeal.

  • I am so happy for the gains of PIP - I, like many here, have been waiting a long time for this to happen.

    I think PIP still burns through 6.1M per quarter; with 11M of cash on hand, when do they issue more share / dilute? Next quarter in my mind.

    Think we are about a year out before Supremes make final decision.

  • SIGA to Host Quarterly Business Update Call on August 4, 2014. This could be a regular business update, but do not recall them doing a business update before (other than earnings) which btw, they already reported earnings a couple days ago. Is it coincidence they are having this call around the same time the judge will be ruling? Should be an interesting Monday (and Tuesday).

OCZ
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