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Optimer Pharmaceuticals, AŞ Message Board

jdive17 34 posts  |  Last Activity: Jan 28, 2016 2:11 PM Member since: Apr 2, 2008
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  • What better day for finalizing the nightmare for SIGAQ than affirming the ruling on Friday, the 13th?

    Sentiment: Strong Buy

  • Black guy recommending HALO, talking about Roche executive buying in to it, just like Herceptin... blah, blah, blah. HUGE RED FLAG. For similar situation, see how it turned out for GALE after it was discovered they were paying firms to pump their stock. BUYER BEWARE!

  • jdive17 jdive17 Nov 18, 2015 6:06 PM Flag

    Tried to. I told him I am not a Kardashian and have no interest. Buh, dum, cha.

    Sentiment: Strong Sell

  • jdive17 jdive17 Nov 19, 2015 10:59 AM Flag

    It was clearly a cold call. After I hung up on him, he called two other people in the office with the same sales pitch. He was on our website and going through the names one by one. He said his name was "Keenan" and the name of his firm was "Spartan Capital". I just did some googling and some red flags come up. It appears a similarly named entity did this before with names like Facebook, Groupon and Zynga which resulted in an SEC injunction. I have no way of knowing whether that is the same entity as the one referenced in my call. HALO may just be part of this without its knowledge or participation in any way. I am just leery of these types of situations and the stocks referenced due to the hit that GALE took when they were revealed to be paying a marketing firm to drive up the stock price.

    I don't have a dog in the fight either way, but thought I would share my experience and the strange call I received. Good luck folks!

  • Under section 4.3(b)(i), SIGA has 4 options to exit bankruptcy:

    (a) If the final order in the litigation provides a lump sum payment, pay the lump sum payment
    (b) If the final order in the litigation provides an award other than a lump sum payment (license, revenue stream, etc.), satisfy the requirements of the order
    (c) Issue 100% of the “New Common Stock” of SIGA to PIP. Pursuant to section 1.51 (defining “New Common Stock”) and section 6.11 (authorizing the issuance of “New Common Stock” we learn that if this option is elected, a new issuance of capital stock would result under this option. Pursuant to section 4.4 we learn that in the event this option is chosen the “Equity Interest” (defined in section 1.38 to mean all existing equity in SIGA currently, i.e. the stock traded under ticker SIGAQ by current shareholders and any preferred shares that may exist and any options, warrants, etc. for the same) are CANCELLED and the New Common Stock is issued to PIP resulting in PIP being the sole shareholder of the post-bankruptcy SIGA.
    (d) Any other resolution agreed to by PIP and SIGA.

    So, SIGA has 2 real options (why would PIP agree to anything else): 1. Pay PIP what is required under the Court’s order, or 2. Wipe out its existing shareholder and issue new stock to PIP as the sole shareholder of SIGA. SIGA’s only hope is that the decision by the DSC is more favorable than the decision currently in place or it appeals to SCOTUS, which would likely deny cert.

    All IMHO, read it for yourself and draw your own conclusions!

    Sentiment: Strong Buy

  • Reply to

    Key Portions of the Bankruptcy Plan

    by jdive17 Dec 16, 2015 11:10 AM
    jdive17 jdive17 Dec 16, 2015 3:16 PM Flag

    Such as... it's always easy to criticize without offering an alternative. Sounds like you're just sour. I read the plan, this is the meat and potatoes that actually matter to PIP shareholders. If you have anything substantive to add to the conversation, I would love to hear. However, my expectation is that there will be only crickets. Have a nice day.

    Sentiment: Strong Buy

  • Reply to

    Key Portions of the Bankruptcy Plan

    by jdive17 Dec 16, 2015 11:10 AM
    jdive17 jdive17 Dec 16, 2015 8:08 PM Flag

    Sorry, cert reference was an appeal in the bankruptcy action, not the PIP-SIGA litigation.

    Sentiment: Strong Buy

  • Reply to

    Key Portions of the Bankruptcy Plan

    by jdive17 Dec 16, 2015 11:10 AM
    jdive17 jdive17 Dec 16, 2015 10:23 PM Flag

    I know reading 158 pages would put you in a coma, but don't let your inability to do so without taking aspirin confuse the ability of others to do so.

    What did I add? I added specific references to relevant portions of the Plan for PIP shareholders, with section references so they could review the statements made themselves. Thanks for adding substance to the thread... oh wait, nevermind.

    Trolls gonna troll.

    Have a Merry Christmas!

    Sentiment: Strong Buy

  • Reply to

    Oral Arguements

    by hickmonster2002 Oct 7, 2015 3:05 PM
    jdive17 jdive17 Dec 22, 2015 4:37 PM Flag

    Considering you are not a lawyer, your opinion that the damages are speculative seems far too speculative, therefore, I am ruling that you actually don't have an opinion on the case.

    Sentiment: Strong Sell

  • Reply to

    Decision Affirmed

    by puravidacr2000 Dec 23, 2015 12:22 PM
    jdive17 jdive17 Dec 23, 2015 1:23 PM Flag

    I spoke with the court clerk who did confirm that an opinion was issued today but would not provide any further details. I HOPE YOU ARE RIGHT! Based on your prior posts, and my read of the case and opinion, I think you are legit.

    Sentiment: Strong Buy

  • That's all.

  • Reply to

    DECISION ISSUED!

    by jdive17 Dec 23, 2015 1:26 PM
    jdive17 jdive17 Dec 23, 2015 3:23 PM Flag

    DSC. I expect an announcement after hours.

    Sentiment: Strong Sell

  • Under section 4.3(b)(i), SIGA has 2 options to exit bankruptcy:

    (1) If the final order in the litigation provides a lump sum payment, pay the lump sum payment
    (2) Issue 100% of the “New Common Stock” of SIGA to PIP. Pursuant to section 1.51 (defining “New Common Stock”) and section 6.11 (authorizing the issuance of “New Common Stock” we learn that if this option is elected, a new issuance of capital stock would result under this option. Pursuant to section 4.4 we learn that in the event this option is chosen the “Equity Interest” (defined in section 1.38 to mean all existing equity in SIGA currently, i.e. the stock traded under ticker SIGAQ by current shareholders and any preferred shares that may exist and any options, warrants, etc. for the same) are CANCELLED and the New Common Stock is issued to PIP resulting in PIP being the sole shareholder of the post-bankruptcy SIGA.
    (d) Any other resolution agreed to by PIP and SIGA.

    Do we want paid $194M + interest, or do we want to own SIGA as a sub and 100% right to ST-246?

    Why is anybody selling under $3?

    Sentiment: Strong Buy

  • jdive17 jdive17 Dec 23, 2015 4:09 PM Flag

    Agreed. I think the rights to ST-246 are worth more, but there's nothing wrong with a $125M market cap company (as of today for PIP) receiving a $200M+ check!

    Sentiment: Strong Buy

  • Reply to

    Key Portions of the Bankruptcy Plan

    by jdive17 Dec 16, 2015 11:10 AM
    jdive17 jdive17 Dec 23, 2015 4:11 PM Flag

    This becomes very important now that PIP decision was affirmed.

    No reason this stock is under $3 other than it is a micro cap that hasn't received attention yet.

    Sentiment: Strong Buy

  • Reply to

    DECISION ISSUED!

    by jdive17 Dec 23, 2015 1:26 PM
    jdive17 jdive17 Dec 23, 2015 4:20 PM Flag

    Justice served. Merry Christmas to all and to all a good night. Assuming SIGAQ cannot come up with $200M+ in the next 210 days, I and the other PIP shareholders invite you to purchase shares in PIP considering SIGAQ will become a wholly owned subsidiary of PIP, and your existing shares will be cancelled without compensation, pursuant to the bankruptcy plan for SIGAQ.

    Sentiment: Strong Sell

  • Reply to

    AWARD ALONE WORTH OVER $3.00/SHARE

    by coveman2000 Dec 23, 2015 4:21 PM
    jdive17 jdive17 Dec 23, 2015 4:27 PM Flag

    Totally agree. I would be buying hand over fist at this level had I not used up all of my dry powder when the stock fell to $1.29 a few months back... but hey, nothing wrong with that investment either!

    Assuming SIGAQ cannot come up with $200M+ in the next 210 days, I invite all SIGAQ shareholders to purchase shares in PIP considering SIGAQ will become a wholly owned subsidiary of PIP, and their existing shares will be cancelled without compensation, pursuant to the bankruptcy plan for SIGAQ.

    Think of the value of ST-246 if a competent team looking out for the best interests of ALL shareholders is in place! I hope PIP gets a shot!

    Sentiment: Strong Buy

  • Reply to

    DECISION ISSUED!

    by jdive17 Dec 23, 2015 1:26 PM
    jdive17 jdive17 Dec 23, 2015 4:36 PM Flag

    Nope, just extra spending money for Christmas. Assuming a $220M payment from SIGAQ and 64M shares of PIP outstanding, PIP should be trading at $4.50 based on the judgment alone. Get in now, plenty of upside. You can try to recoup some of your SIGA losses.

    Sentiment: Strong Buy

  • Reply to

    Congrats to PIP shareholders

    by csmclemore Dec 23, 2015 4:48 PM
    jdive17 jdive17 Dec 23, 2015 5:01 PM Flag

    Unless SIGA comes up with $220M+ in the next 210 days, we will own SIGA and ST-246 in their entirety per the bankruptcy plan. That would be pure poetic justice.

    Now that collecting money is important, watch how miraculously SIGA is able to generate cashflow.

    Sentiment: Strong Buy

  • jdive17 jdive17 Dec 24, 2015 10:29 AM Flag

    I don't think that happens. I think M&F knows that ST-246 is worth far mare than the $220M or so that it will take to payoff PIP, so they will do a private equity offering with SIGNIFICANT dilution to existing shareholders, or else they take the company private and pay the current shareholders the current $20M valuation for the company. Either way, the current price is about as good as it gets for current shareholders. SIGA gets out of the PIP merger for $240M and M&F gets all upside of their $5B valuation of ST-246... actually, a genius move to breach the PIP agreement... for them, not you. IMHO.

    Sentiment: Strong Sell