Siana....They will have to recognize revenues at some point. When the contract is done, regardless of whether or not the FDA condition has been met or not, the contract is over, and whatever revenues it generated will more than likely have to be recognized.
The issue is what will they do with those revenues. They could simply call for a one time special dividend to shareholders and distribute whatever cash remained after closing down operations, and paying off all debts, and that would be that.
Or, they could stay in business by buying a viable entity...recapitalizing the company....and go on
under a new name and business. Actually this happens with more companies than you might realize.
But here, there is no pipeline...There are no customers other than BARDA....The staff has been cut to the bare essentials...This is a dying business model and they know it, and it sounded much like they know it during the CC. But they have a few years to see how things pan out and maybe they come up with something. In the meantime the question for shareholders is when all of this is said and done, debts are paid, the PIP lawsuit is final and settled, and the BARDA contract has run its course...what will be left to be distributed to shareholders if they decide to wrap it up? $2-$3...$4.....$5....? That's the issue.
A well written and well reasoned post. The issue is if Siga can come out of this PIP mess with between 90-150 million in cash, and if we further assume that no further contracts for ST-246 will be optioned by BARDA,
Best bet IMHO would be for Siga to go out and buy an up and coming public or private biotech. Keep
ST-246 in the arsenal if BARDA or a foreign country ever needs it, and move on. Maybe even merge with another company who is cash rich, but technology poor, and the two of them go out and buy a fairly decent sized biotech with a late phase drug, or drugs, and go from there.
They said it was very likely that any FDA approval process for ST-246 will extend beyond the current BARDA contract. The good news is Siga might never recognize any revenues for litigation purposes (or taxes for that matter), so they'll never have anything to split with PIP, no matter what...LOL! The bad news is part of the current payment schedule under the current BARDA contract is contingent upon FDA approval for ST-246.
Say adios to that money...LOL!
Oh thanks evenu2canbeanidiot...I'll tell the poor person who sold the 100 shares at $3.15 that it really doesn't matter cause it was only "100" shares and since it wasn't yours...who cares.
That $3.15 may end up looking like a homerun tomorrow. And did you send Dr. Rose flowers, or at least
a small gift basket, like I did today? The guy is ill for goodness sakes! Have some sympathy!
My initial point Selllow is that you're a big mouthed, loud mouthed, idiot, that doesn't even know how to access after hour NASDAQ trades. My next point was I will likely get my chance to buy the stock at my
usual $2.92 or better price tomorrow morning. My last point dufus is it is not "how much" the stock is down
in dollars or cents that matters, but it's the percentage loss that counts! .25 is 7.3% off the closing price. Ask your kids to help you with fourth grade fractions. You keep confusing the objective here... It's not "buy high sell low"...It's "buy low, sell high"! That's your brain teaser for tonight loser. GL!
Idiot stick buyhighselllow....You do know how to access after hour trades on the NASDAQ site don't you
moron? Check it out yourself then #$%$....I don't know if "you look stupid" but I do know you sure sound it you loser....
They're required to do multiple trials idiot stick...Phases 1,2, and 3. All bios seeking FDA approval are required to do at least three trials. Called a SPA agreement with the FDA. You are the worst basher ever known to mankind...Go back to basher school and take a refresher class. Your posts are comical they're so stupid.
Shale plays?...LOL! That entire industry is just about to hit the fan. Wait tell we see another water well that explodes into flames, only this time next to some elementary school or something equally as publicly sensitive. If the shale people can convince the tree huggers and environmentalists that no harm can come by cracking the top layer of the earth's crust, well then, good luck to them on that....LOL!
1. Rule 1...You should believe nothing you read on a message board.
2. Rule 2...Repeat rule number 1.
Seriously...Message Boards are entertaining and every once and a while you can get a gem or some
information from a news source that can really help you. But by and large I think the best thing you can do is read every SEC filing made by the company (the 10k or 10q reports are probably best), and you can get those on the Yahoo site as well under SEC filings. Follow market purchases and sales of stock by insiders and institutions. Pay close attention to the people running the company and where they came from, and how much at stake in the company they have. Look at how the company is financed...how much cash and how much debt they have. Learn how to read a basic chart pattern to look for buy and sell points on the stock.
Never get greedy. And remember, if you decide to sell at a loss, your first loss is your best loss.
"Don't get so personal"...." Is that a joke or something? I've been attacked and harassed on this board and every other one I post on by some Siga nut job here (could be you as far as I know), and you say "don't get so personal"? Calling people "names I don't even know"...when the name calling started with the ultra pro Siga crazy posters here, and has been going on for years? Read your own posts. Do you think you've been civil here? Give me a break.
This Board has attacked, with vengence, anyone who asks a question or makes a comment about Siga management, or otherwise criticizes the company. These posters hide in the shadows with multiple ID's, concealing their relationship with the company, either as shareholders, shorts, no positions, or otherwise, while at the same time pouncing all over those of us who plainly state their positions, and their concerns, and your retort is "don't be so personal".
My position is clear. I owned the stock bigtime. I lost money on it bigtime. Management was selling millions of dollars worth of stock, unbeknownst to me, at the same time I was buying. I have since traded the stock successfully by buying it under $3, and selling it in the high 3's... I venture to say I have bought and owned more Siga stock on the open market than anyone in Management has. I have never been short the stock..
never. End of my story. So what's your story here if I can be so "personal"?
And you should quit posting under 6 different aliases.... At least be a man (or woman, or cross dresser whatever you are) and list your different ID's... You and the other freaks here need to come out of the closet.
Homebuilder....Your question is difficult to answer because NO information has been forthcoming from the company re status of existing business and/or other opportunities that they might be exploring outside of BARDA; the FDA status re trials and ultimately approval of ST-246 with the FDA; development or acquisition of future products etc.once the BARDA contract runs it's course; contingency plans re the company if the verdict goes against the company once again; longer term business plans....etc. etc. "pipeline" status, etc. and plans for development of such longer term;
Absent any information forthcoming from the company it's pretty tough to say what the investment promise can be. I mean, since they're not recognizing revenues from BARDA at the present time, it's very hard to even dicipher the financials. GL...
Looking for my $2.92 entry level again for another flip at $3.61....15k shares, and did that just a few months ago, and posted it here when I bought, and when I sold. The crazy gutless wonders who bash any dissent here don't have the guts to do that, nor the cash, nor the intellect frankly. Big talk, no action. They're simply #$%$ because Droad and I are the only ones who have actually made any money on this stock in 2013-2014. That is except for Rose, and the other Officers and/or BOD's who sold free stock options. Losers....all of them....
Got to admit...This is one of the greatest head fakes of all time... KL downgrades this morning and the stock goes up? Now can anyone here give a reason for this other than short covering? Got to admit for now I was dead wrong on the price action......