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Yahoo! Inc. Message Board

jdive17 9 posts  |  Last Activity: May 16, 2016 12:32 PM Member since: Apr 2, 2008
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  • 1. SIGA, with an asset at one time valued in the billions, raises $300M in funding and makes a buyout offer to PIP at more than 100% premium to its current market value. Entities merge, NOLs preserved, SIGA's thorn in its side is taken out once and for all and it picks up PIP pipeline. (This appears far better than just raising funds to payoff the judgment in my opinion).
    2. PIP makes a buyout offer to SIGA for $100M at more than 100% premium to its current market value. Deal is financed with SIGA cash on hand/receivables and due to PIP per the DSC judgment. Entities merge, NOLs preserved, PIP's thorn in its side is taken out once and for all, and it has operation control over an asset at one time valued in the billions. Even if it is rejected, the SP of SIGA jumps significantly and makes it easier for them to raise funds with less dilution (i.e. PIP helps PIP get PAID).
    3. Others?

    Either way, a combined market value for these entities at less than $200M seems laughable, assuming ST-246 still has potential in the U.S. and abroad.

    Sentiment: Strong Buy

  • jdive17 jdive17 Apr 26, 2016 5:47 PM Flag

    Pancakes, shame and disappointment.

    Sentiment: Strong Sell

  • jdive17 jdive17 Apr 7, 2016 4:01 PM Flag

    Interesting how you disappeared and do not want to discuss the new 52 week highs being set. Don't worry, there are more to come.

  • Reply to

    google

    by jacat62 Apr 6, 2016 9:56 AM
    jdive17 jdive17 Apr 6, 2016 10:46 AM Flag

    Yawn. Maybe I'll post an article from the Gulf War in 1990 that talks about Anthrax... comparable in relevance to this rubbish. I get that you think you are the vicar against tyrannical permabulls, waging financial jihad via a Yahoo message board (comparable to commie leftist celebrities fighting social injustices against the downtrodden, from their multi-million dollar palatial estates within gated communities to keep those some folks out, 140 characters at a time via Twitter), but you are really starting to make yourself look really foolish (as the stock is fresh off all-time highs).

    Sentiment: Strong Buy

  • Law360, New York (April 5, 2016, 12:43 PM ET) -- A New York bankruptcy judge said Tuesday he would approve SIGA Technologies Inc.’s restructuring plan, clearing the pharmaceutical company's path to emerge from Chapter 11 and move on from a $205 million judgment stemming from a failed merger with PharmAthene Inc.

    The U.S. Bankruptcy Court for the Southern District of New York indicated Tuesday that it would confirm SIGA Technologies' second amended Chapter 11 plan, following the resolution of three outstanding objections from stakeholders. (Credit: Getty) U.S. District Judge Sean H. Lane said during a court...

    Sentiment: Strong Buy

  • The best things come to those who wait. The wait is almost over.

    Sentiment: Strong Buy

  • Reply to

    Contingency Attorney Fees on Award

    by jdive17 Mar 11, 2016 11:00 AM
    jdive17 jdive17 Mar 11, 2016 2:01 PM Flag

    1. I am just asking the question, and as I said, I would love for it to be a billable hour arrangement.

    2. No, contingency fee work is not just for "ambulance chasers" it is common for all litigation work, including corporate, securities, insurance, etc. It is typically 1/3 if settled prior to trial, 40% if it goes to trial, 50% if it is appealed. It is a viable compensation structure when litigation is speculative. If PIP had lost, it would be looking like a good move at this point. It clearly would not be a fiduciary duty violation.

    3. There is a reason the market is not valuing the company comparable to what everybody on here claims, and no, it is not due to some short seller conspiracy theory.

    4. I have more shares than I should already and have no interest in buying more at this time. I am so tired of people on these boards thinking that any comment that is not a glowing endorsement of the untapped value in a stock is a short seller, looking to pick up cheap shares, etc. Get over yourself, this is a Yahoo message board... not exactly the primary source for fund managers and institutional investors.

    Sentiment: Buy

  • Reply to

    Contingency Attorney Fees on Award

    by jdive17 Mar 11, 2016 11:00 AM
    jdive17 jdive17 Mar 11, 2016 11:49 AM Flag

    I would be thrilled if they were on an hourly rate basis, but the above does not conclude that a contingency does not exist, it is just the attorney fees calculated for purposes of determining SIGAQ's contribution requirement. That is, if PIP had a 40% contingency on $200M, the Court would not impose a fee of 40% of the contingency, because a good portion of a contingency fee is the risk of losing element rather than services rendered. When imposing fees, the Court will look at the fees incurred on a billable hour basis, even if that is not how PIP is compensating its outside counsel.

    Sentiment: Buy

  • Does anybody know whether, and if so what percentage, a contingency fee exists for PIP's outside counsel with respect to the SIQAQ award? If it is 40%-50%, which is common if a case goes to appeal, that could explain why the stock is trading where it is.

    Sentiment: Buy

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