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SIGA Technologies Inc. Message Board

hosaquavos 4 posts  |  Last Activity: Jul 20, 2015 11:59 AM Member since: Jul 9, 2008
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  • Reply to

    U.S. Trustee Objects

    by hurtrhino Jul 20, 2015 11:09 AM
    hosaquavos hosaquavos Jul 20, 2015 11:59 AM Flag

    This is scheduled for Tuesday at 11am 7/21/2015. Why would he change his docket? hmm, where did you find this info?

  • Reply to

    Parsons retiring before DSC ruling?

    by hosaquavos Jul 11, 2015 12:00 PM
    hosaquavos hosaquavos Jul 14, 2015 4:12 PM Flag

    cmon Droud, you would quit a job making 1 Ml a year doing nothing? Getting lots of options, an expense freeby of probably a couple hundred thousand, better rethink that.

  • only case of this size in his career, his legacy. Did he set rthe august date of retiring before the DSC ruling. Did he misunderstand when DSC told him to change his ruling and award PIP for expectancy? Think he already knows the outcome? I think they help him out, possibly by giving PIP the amount Parsons calculated but eliminates the interest, if so, will they allow Siga out of bankrupcy by allowing a payment plan?

  • hosaquavos by hosaquavos Jun 12, 2015 12:02 PM Flag

    Tthe Optimization Program implemented in fourth quarter of 2013, in August 2014, the Company entered into an asset purchase agreement to sell and transfer its pre-clinical Arenavirus assets
    and research and development grant relating to Lassa fever to Kineta Four, LLC (the “ Purchaser”), an unrelated party. In exchange for the transfer of certain assets and intellectual property rights, the Company
    received profit interest units ( “ Units”) in Kineta Four, LLC, and the Company is eligible for approximately $5.1 million of later-stage milestone payments and royalties of up to 4% on sales of drugs that use the
    transferred intellectual property rights. The Units, which have no voting rights, could provide the Company with a participation of approximately 5 - 10% of any cash distribution, if any, by Kineta Four, LLC,
    depending on future fundraising by Kineta Four, LLC. The assets transferred as part of the asset purchase agreement are the sole operating assets of Kineta Four, LLC. The asset purchase agreement had no
    impact on the Company's results of operations as the assets and intellectual property transferred to the Purchaser had no book value.

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