This company is the laughing stock of the Street right now. A CEO who makes over 18 million for a company losing three times that much a year. You got to be kidding? Sales are going south. Product cycle is taking much longer than anticipated. The market is developing much slower than everyone thought. The name of the game now is survival. Either cut expenses and salaries drastically, or this one is dead on arrival. Seriously.
They will not be able to raise a dime the way things stand today.
What is interesting about some of the nut jobs on this Board is that I posted ten (10) factual statements about Siga as a company, and NONE were, or really can be, refuted. All of those facts have contributed to the fall of the stock from $16 to the $2's. Yet four of these nut jobs give me thumbs down on the post.
Only logical conclusion is that they're in 100% denial. Would be kinda like being handed ten (10) 8X10
color photos of your wife in bed with the gardener and her response is "we were looking for places to plant some indoor potted plants" and you believe it! Crazy.
Getting close to my trading buy level of $2.90. Probably will end up buying "Kage's" stock when he panics for good and decides to dump the rest of his losing shares that he has held from $16. Of course the lying Zidlips will say he sold all of his at $15...LOL...
So many liars on this Board. Drod tells it like it is and he's shouted down. Ditto for me frankly. All I have posted was facts, but nobody wants to hear the truth here do they?
1. Fact ... There has bee no FDA approval for ST-246 to date, or even an approved FDA SPA for it.
2. Fact.... The company has no reportable profits to date from the sale of ST-246..
3. Fact... The company has had one customer since it was formed...BARDA.
4. Fact.... Only one contract has been entered into for the product produced by this company. With BARDA.
5. Fact.... There have been no sales of the company's product to anyone else since the date of formation.
6. Fact.... There have been no sales of the company's product to any foreign nation.
7. Fact.... The company's "pipeline" in not past the pre-clinical stages of dvelopment.
8. Fact... Major insiders sold millions of dollars worth of stock more than 3 years ago from $12-$14 and have
not bought back one share of Siga stock on the open market since that time.
9. Fact.... The company continues to grant incentive stock options to Officers and Directors of the company
dispite the fact that the stock has lost approixmately 80% of it's value during the last three years.
10. Fact...The judgment in favor of PIP in the PIP v Siga litigation was affirmed on appeal on the issue
of liability. The issue of damages was remanded back to the lower Court for further determination.
Guess they needed some replacement litigation since the Siga one hasn't worked out so hot!
Oh, to be the attorneys for PIP! A lifetime annuity for sure.....Parson's here they come again...lol!
RLYP which I own from 11.98....Phase 2 bio...Now $17.50. Fairly new IPO...
TTPH...Phase I/II antibiotic company I own from mid 9's... Was mid 6's this year. Now 11.56...
After looking into the Wedbush downgrade in much more detail, I have come to the conclusion that it is misplaced and factually irrelevant to DRTX. This is not an antibiotic that presents generic risk in any respect. It is a paradigm shifting antibiotic that is administered once per week on an outpatient basis freeing up much needed hospital bed spaces, and allowing the patients to move about freely while they're treated, (not to mention avoiding additional virsuses by having to stay hospitalized).
No longs...The DRTX story is well intact, and we should have a stock that should go much higher in the months ahead. I hope that longs were not shaken out of the stock today by this poorly thought out and written
change of opinion. IMHO of course...
Reduces Px Target to $13. Says something about the potential value of the antibiotic IV market being potentially reduced in litigation with Hospiria and CBST...No idea of what that ltigation is frankly.
You are one nut job. Get some help. And please don't tell me you have a gun permit. No, make that a driver's license first. Go back into your bunker hole and sober up! Get a grip man!
If "Boomer" programs a drone like he picks stocks, we're all in trouble. They guy couldn't hit the broadside of a barn with a BB gun from 10 feet.
I bought this stock large at $13 on the day of the huge sell off. Up almost 50% since that time and that was only a few weeks ago. If most of you had bought then rather than sold, you'd be doing just fine.
A required Phase III is not the end of the world folks. It could be designed as a fairly small confirmatory trial that might take a lot less time to complete and analyze than 2 years! In addition, robust results could make this the undisputed first line treatment for DMD, That alone would be worth millions and make the company a no brainer acquisition target.
In the interim, let's see if a PB steps up to fund and over see these trials in return for European rights.
Relax and enjoy the ride.
Kageputz....Glad to see you're still posting after all these years and watching your investment go from 16 to 3.
And you're still a diehard, forget the facts, down with the ship, long. Are you still claiming Amsterdam as your home, or have you moved on from there?
You are exactly the type of person I was referencing in my post. Stubborn and stupid. S&S...You probably believe in the tooth fairly too even though your parents told you there wasn't one when you were 16...LOL!
Yet, after all these years, you've never posted one fact...just one...why you believe in this POS.
You and the long gone Boomer, Zitllips, and Eastern...Quite the crew. A trio of bury your head in the sand loser longs, yet all of you remain pompous, self righteous, and indignant. Are you sure you're not a politician? LOL!
And PS...Does it really make sense to you that I'm a short? I mean, I first posted by buy of Siga stock when it hit $16. If I were short don't you think I be tickled as pink right about now? My only saving grace was selling the junk at $4.50 and buying a great bio at $5.50 that got bought out at $14 (TSRX).
At least that's what the charts say. Short covering could take it even higher,
Would not want to be short this one the day they announce a BP partnership to launch and pay
for the Phase III trial........
Most fitting holiday of the year for Siga longs....Turkey day! And what can be better than holding one of the biggest losing stocks of the last few years in Siga? LOL! Don't fret though. Once the "manipulators" and those other people in the "shadows" who are causing your stock to go down finally give it, it should do fantastic!
Seriously longs. Make a resolution today to start reading facts (10k's and 10q's) on your stocks.
Turn off Fox Business News for a couple of weeks (No Matha...the stock market hasn't crashed yet it is at
new record highs...No Martha....our gold is not going up, it has crashed....Yes Martha...It's the Fed's plot to destroy the US economy....etc.) and try and invest in something...anything....that is going up and not down!
That is, unless you're short, then you should continue on with your logic behind investing in Siga!
Seriously....I wish all of you good luck but seriously, most of you here have really missed a good stock market in 2013...
Market in the US alone could be 10 million plus patients per year. No comparable renal/cardio drug out there.
Unmet medical need and good safety profile.
Yes...this is the real deal. Will have massive applications for physicians. A way to go but it should be a huge winner. I'm in from 11.98 and will hold....hold....hold...!!