Whiting USA Trust II has removed the possibility of an early termination by instituting terms that will ensure that the pass-through entity will continue until at least Dec. 31, 2021, even if production from the underlying wells reach their targeted output earlier
The offering said Dec 31 2011 or 11.79 million barrels of oil sold. Trst 1 terminated 3 years early. Not sure what the pass through means in terms of share value but if they reach the targeted goal as they did in Trust I then this may not be of much value after 2018 I am having problems finding the # of barrels sold to this point.
would Ron Perelman and M&F buy controlling interest in PIP? Total valuation now is less than one half of the Supreme court award? Then liquidate PIP, and take SIGA private? Look at his past . I believe SIGA can pay and survive but he may be able to pull something that both Siga and PIp shareholders will lose.
trevor, you are trying to talk to puppets of Amnl, she ruled this board for several years with some of her other aliases, at one time we counted close to 15. Some of the older ones were eightdogs, pretty,nuclklehead,. Several of the new ones are beavertailsplash, drod, mymygby. If you will go over some of drods post, he started out really #$%$ and now has progressed to hate rose. Not one claims to have any stock in Siga. I thought once they were paid posters but now I think she really has nothing else to do but irritate people, you can ignore but soon she will bring out new attacks with different names. Having said all of that, I totally agree that Rose is a horrible CEO but this problem started long before he was CEO and I seriously doubt that he made any decisions on this Lawsuit since it was going on when he became CEO.
Amin, you really need help. This is a new year, get help. Like CS, I am out.