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Trius Therapeutics, Inc. (TSRX) Message Board

golongin2008 1109 posts  |  Last Activity: 22 hours ago Member since: Nov 25, 2008
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  • Reply to

    How Much is Blue Worth???

    by golongn2014 Aug 25, 2014 6:01 PM
    golongin2008 golongin2008 22 hours ago Flag

    LOL stock_lurker. Very funny!

  • Reply to

    I may end up regretting it but....

    by rocksoutdaily Sep 19, 2014 1:10 PM
    golongin2008 golongin2008 23 hours ago Flag

    You've given about every logical and rationale explanation for your selling this stock known to mankind.
    You have to be either an engineer (most likely); teacher, or college professor (yes, mutually exclusive in my mind); CPA or government worker; but definitely NOT someone who should be in the stock market.

    You see my man...Stocks are irrational and you are trying to make your sell decision "rationale". The bottom line is I was actually adding to my position right near the close (yes...on another Friday...I like doing that), while you were second guessing yourself and trying to rationalize selling your position.

    Bottom line is you followed the rest of the sheep who read about all of the insider selling of late and concluded something bad must be coming, and soon, otherwise, why did they sell? Logical? Yes. A money losing strategy for you and the other sheep? Will be. You are obviously pretty clueless regarding their hyperkalemia drug and the market it will serve, otherwise, I doubt you would have sold, but each to their own. Simply admit that you were shaken out of your position with the rest of the rookies by the big boys, and when you were selling, you probably should have been buying...Next time, try a mutual fund.

  • Reply to


    by golongin2008 Sep 14, 2014 5:09 PM
    golongin2008 golongin2008 Sep 19, 2014 5:57 PM Flag

    Agen... That is so cool that you actually read my post and acted on it. Probably the only one who did too. Makes me really happy that you saved 100k...That is huge! Congrats...

    I went into civil litigation with a mid sized firm after serving as a prosecutor for three years after law school.
    Did all types of law. Learned an awful lot in many fields. I actually litigated quite a few BK cases in the Fed courts in downtown Los Angeles, so I know what I speak of. Put companies into Chapter 11 just like Siga to protect their assets and their business. I know what happened to the shareholders in a lot of them. Zippo.

    Fate often acts in very strange ways. Lets hope we were all brought here together for a good reason.


  • golongin2008 golongin2008 Sep 18, 2014 7:03 PM Flag

    SC is State. BK is federal. Different courts...Different objectives.

    The BK Court has NO jurisdiction over the State court appeal. They can temporally stay all state and federal lawsuits until the BK mater is resolved or dismissed.. Likewise litigants can seek relief from those stays to pursue state court legal action if say their security is jeopardized., or for some other ""valid" reasons.

    Here Siga wants the appeal process to proceed, and as quickly as possible. They just could not afford to post
    the bond on appeal, ergo the BK filing to begin with.

  • golongin2008 golongin2008 Sep 18, 2014 6:19 PM Flag

    Enjoyed the accounting discussions back and forth. The company will be technically insolvent under Bankruptcy Laws when the judgment is filed, regardless of who was right..

    The company, by the way, will continue to operate normally under BK laws. The only difference will be in two to three years the company will either go away for good under a straight liquidaton Chapter 7 bankruptcy, or, the judgment will be reversed, and Siga will emerge from BK fully intact, and with a ton of money.

    So for two to three more years Siga shareholders will be looking at a $1 plus company, and nothing more.
    Nothing is going to move it up or down in any material respect, absent of course, a settlement. A BARDA contract renewal could benefit PIP as they could recoup more of their judgment...Or, it could be huge for Siga if the judgment is reversed. If you only knew. Will be like watching paint dry for 2-3 more years. Good luck.

  • Reply to

    Another chance for Geert to clear the confusion

    by orchids3333 Sep 18, 2014 1:16 PM
    golongin2008 golongin2008 Sep 18, 2014 5:55 PM Flag

    biotechpicklist....Appreciate the obvious commitment and scientific talents of our CEO. Unfortunately I have been invovled in quite a few start up biotechs where a CEO thinks those talents translate into investment and business talents as well. It has been my experience, however, that most of the time, those talents are often mutually exclusive.

    Our CEO has thus far, demonstrated the business talents of a failing undergrad business student.
    Now is the time where business guidance, and advice, must come from talented third parties. To fall off the horse (his last presentation), only to compound that nightmare with a return visit to another conference only a few weeks later, is a huge marketing and leadership mistake iMHO.

    Sometimes "saying" nothing is the best strategy to pursue after a PR nightmare. Let future results (and picutures for that matter) speak for themselves, rather than our most respected, but blundering, CEO.

  • Reply to

    Another chance for Geert to clear the confusion

    by orchids3333 Sep 18, 2014 1:16 PM
    golongin2008 golongin2008 Sep 18, 2014 3:11 PM Flag

    How do we get Geert to put all conferences on hold until he has somethig to "show and tell"? Until we have pictures that clearly demonstrate the advantages of our "drug" over salt water, why does he want to keep reminding the investment community that " it really should...I mean really". Our PR people
    suck. He needs some good advice right now. I mean the subway sandwiches at these conferences can't be that good!

  • Reply to


    by golongin2008 Sep 14, 2014 5:09 PM
    golongin2008 golongin2008 Sep 18, 2014 1:43 PM Flag

    Like being involved with the smart folks like you and Agen. We knocked them dead in the antibiotic space didn't we during the last few years with TSRX, TTPH, and DRTX (I also own CEMP large from the 9's) but this one could be really huge. Also own MGNX from the low 19's...MDCO from mid 23's...RLYP (second trip on that name) from the low 22's.... Also DSCI from the high 8's...ARDX from the mid 14's... Think I'm a little over extended in the kidney hyperkalemia space, but oh! GLTAL's...let her rip!

  • golongin2008 golongin2008 Sep 17, 2014 7:04 PM Flag

    OMG tia tia tia....dumb....dumb....dumb....

    Siga is dead in their balance sheet solvency my man/woman. The judgment is going to be around 235 million in favor of PIP. Their liabilities will then exceed their assets by many millions. Their cash on hand (I believe close to $100) is not available as a cash balance sheet item because it is not Saga's until certain contingencies of the BARDA contract are removed. That is why they have never had to pay PIP on dime yet despite all this cash coming in from the contract with BARDA. No net profits, and may never be unless the contingencies are removed. Accounting 101 for goodness sakes.

    Siga filed BK because they would have to post a bond close to 200 million if they wanted to appeal the verdict.
    Obviously they didn't have the funds nor the ability to borrow it either. I was in GGP the day if filed BK and bought 100k shares at .54. Still have the confirm. Mr. Ackman. Unlike you I was a stupid moron and sold it
    at $1.24 in a few weeks then watched it go to $24....LOL... Biggest mistake of my On well...

    This is an entirely different situation. If the judgment is upheld on appeal this company is toast. End of story. Current shareholders lose everything. If Siga wins the appeal, the company comes out of BK in a very short time and current shareholders keep their stock and it rallies back to $4-$ a nano second. Place your bets..

  • golongin2008 golongin2008 Sep 17, 2014 5:30 PM Flag

    A. Short covering, and B. Lack of understanding as to what a Bankruptcy really means to current shareholders...

    This is really fairly simple. The BK filing allowed Siga to pursue an appeal without posting the required
    bond. So if one thinks the judgment will be reversed on appeal, this is a very good move by the company. In fact, it was the only one really. If Siga wins the appeal the Bankrutpcy will be ended, and the company will move forward with no outstanding liability to PIP.

    If Siga loses the appeal, they will convert the current Chapter 11 reorg BK into a straight liquidation BK.
    All secured creditors will be paid in full, as will likely be all the unsecured creditors who supplied goods or services to Siga. PIP would then acquire all the remaining assets of Siga, both tangible and intangible, including contracts in work (if they can satisfy BARDA they can timely discharge them), and perhaps even the patents that Siga had, in return for full satisfaction of the judgment. More than likely key Siga personnel would be retained by PIP, and business would go on pretty much as usual .

    Current shareholders of Siga would very likely get nothing, as there would be nothing left..

  • golongin2008 golongin2008 Sep 17, 2014 12:48 PM Flag

    Hanna.... "if it works" is always the big question with all of these small cap biotechs. IDRA pulled the same crapola with the Baker Bros. and their ownership, etc. and the stock ran to almost 7. It then #$%$ out on their first trial results, which were also disappointing, and the stock is now $2.50...

    RNAi works. ALNY's 5.5 billion dollar market cap attests to that. The issue is if OUR technology works, and if so, on what type of indications? May not be for surgical scarring. Could be in optical uses or conditions.
    But you lead out of the box with your best chances for success, so if that doesn't work, and work well, (on surgical scarring in our case), the markets are not likely to give you a second chance.

    We need to see dramatic improvement versus placebo in surgical scarring results. Don't care it it takes six months or more to present new data, or pictures, but the next ones better be very significant (ie, a 60% improvment or more to the naked eye v placebo). If not, we could be toast like IDRA for a very long time.

  • golongin2008 by golongin2008 Sep 16, 2014 8:18 PM Flag

    Cavanaugh just might be the dumbest genius on the face of the earth. We're basically starting all over from day one, and at a new year low, trying to establish credibility to the investment community that we actually have something of benefit to mankind. I mean who did he think he was speaking to, the AMA? Did he know he was in a room full of investment people, research types, and venture capitalists? That a picture is worth a 1,000 words???

    Showing pictures of one month results. Are you kidding me? No difference whatsoever between our expensive anti scarring medication and treating the wound with a glass of salt water? Idiot. Wish he were in my class. I'd give him an F- !!!

  • Reply to

    Insiders own 27%

    by shakamaka2 Sep 16, 2014 10:08 AM
    golongin2008 golongin2008 Sep 16, 2014 4:12 PM Flag

    OK Shakamaka....Try this scenario...

    The appeal becomes final and it ends up roughly in line with the current judgment and terms in favor of PIP. Siga, as the judgment debtor, then converts the current BK into a straight BK, where all unsecured creditors, which includes both PIP and Siga, are at a certain disadvantage as far as priority as to what is left of the assets of the corporation (after all secured debts are paid in full).. Obviously a judgment creditor comes before a general unsecured common shareholder in the order of priority in BK.

    So what happens now? Siga common shareholders are wiped out in full and get nothing. PIP, as a judgment creditor, buys all of the remaining assets and contracts that are left, out of BK, by bidding in their judgment as consideration.They in turn give current Siga Officers and Directors a nice parting compensation package to help make an orderly transition of the assets, and contracts, over to PIP. End of story IMHO.

  • Reply to

    SIGA Reveals Basis for Appeals in its BK Filing

    by frwdlook Sep 16, 2014 1:22 PM
    golongin2008 golongin2008 Sep 16, 2014 3:50 PM Flag

    Owning Siga has now become a play on a legal appeal...

    If the judgment is reversed, in whole, or in major part, the stock will go up.

    If the judgment is affirmed, the BK goes forward, and common shareholders are wiped out.

    Now THAT is a great investment thesis, is it not?....LOL.....Not.

  • Reply to

    SIGA Reveals Basis for Appeals in its BK Filing

    by frwdlook Sep 16, 2014 1:22 PM
    golongin2008 golongin2008 Sep 16, 2014 3:24 PM Flag

    Great....So the company remains BK for the next two to three years while the appeal is resolved.
    So what do you think the shares will do under that scenario? Go up? LOL....

  • Reply to


    by csmclemore Sep 16, 2014 9:37 AM
    golongin2008 golongin2008 Sep 16, 2014 11:54 AM Flag

    "fbentalasco"??? How many friggin alias do you have Buyhighsellow? You can't hide behind all of them, or can you? Man up. Just tell your fellow Siga longs that pumping the stock from $6.50 until you bailed around 2 wasn't really a nice thing to do.... Get it off your conscience...if you have one.

  • Time to take a bow. You were one of the greatest cheerleaders here of all time! The ignorant fools that you took down the drain with you owe you a deep debt of gratitude!

  • Reply to

    Insiders own 27%

    by shakamaka2 Sep 16, 2014 10:08 AM
    golongin2008 golongin2008 Sep 16, 2014 11:00 AM Flag

    That's like saying it your were 6"6" and ran a 4.4 40 and weighed 285lbs you could play tight end of the NY Jets. "if not for this legal mess"? If not for a " legal mess" Johns Manville would still be selling asbestos.
    You and the rest of the life long loyal Siga longs will rationalize your losses all the way down to zero.Just admit you were a fool for not selling a long time ago and you made a mistake. Come clean. Hiding in a closet of ego BS cause you and others have lost your shirt is not healthy! Going down with the other losers still here with "like thoughts" cost you big time.

  • Reply to


    by csmclemore Sep 16, 2014 9:37 AM
    golongin2008 golongin2008 Sep 16, 2014 10:49 AM Flag

    Aren't you one of the latest and greatest Siga legal analysts and cheerleaders? Did you foresee a BK filing?
    Ugh No. Did I. Ugh yes. So your opinion is worth what? My guess a lot less than what this stock will be trading at in about three more!

  • Reply to


    by coveman2000 Sep 16, 2014 10:28 AM
    golongin2008 golongin2008 Sep 16, 2014 10:46 AM Flag

    Against whom? LOL

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