This is a clear case of management only looking after their own jobs! Shareholders are irate that they are not actively engaging in talks with offers that are 28% premiums to where the stock is currently trading! With Ag profits in question, shareholders should be raising hell with them!
The fact that 60% of biotech new drugs fail, you argument just lands into the SIGA camp that a positive outcome for the st246 was totally speculative at the time of the loan and puts little value on it.
If your thesis is right, why is it taking so long for the courts to agree with you?
Likely your blathering isn't so set in stone on the issues!
and of all the potential Ag deals out there this SYT makes the best sense for MON.
Glad to see ChinaChem actively trying to buy SYT as well, that will guarantee this time SYT will get the value they are looking for.
who is already negotiating with SYT, something SYT didn't do when MON bid this summer. Now that CFO is gone if the price is right they will take it with the poor AG outlook. MON is scrambling to get their bid together again.
your right this case will likely take more turns because in the beginning either inept lawyers wrote a terrible agreement that didn't spell out anything and inept management who didn't say wait a minute I should know better that if its not spelled out in a written agreement its not enforceable! So now the courts are trying to interpret the most vague agreement in history and award the parties what is due. The long delay in ruling should be your first clue that this we end up being more equitable to both parties than just giving it all over to PIP. PIP needs to realize they are not in the driver seat of a easy big win, your inept management should have never agreed to a horrible vague agreement like the one they drew up! You should be fired for such a stupid move! If the true letter of the law is observed you would likely get your loan money back and 10 to 50 million for what likely the value of a SIGA company purchase right at the time you made the loan was worth. Your failure to execute an iron clad agreement that spelled out terms before your made the loan was a stupid move on your part! Likely what the court will do is divide some sort of deal where both will get something and a swat on the #$%$ to both for being so stupid as to write an inept agreement as they did. Winner in this saga.......the lawyers again!
Most shareholders would jump to tender their shares for 95 to 100. SYT management is only looking out for their own jobs at expense of shareholders. With Ag getting worse they better take it and run!
think their might be a surprise coming
BASF is also very interested in buying SYT
With so many wanting it they need to put it up for sale to top bidder. 100.00 a share is not unreasonable for it.
as long as its taking for a ruling i'd say thats negative for PIP to receive what they were originally told.
likely between Burlington Northern (Berkshire Hathaway) or Union Pacific
If its not under 8 tomorrow leave this message board! Your suck an idiot!
bankruptcy and with such a big decision coming from the supreme court of Delaware? Who would throw more money after a bankrupt company unless you know something.....
noticed their cash increased in the quarter from 99 million to 130 million and in financial statements they changed liabilities to show deferred revenue of 255 million. Not sure what to read into that but looks like they are selling something to get that much of a cash increase and deferred revenue is future revenue in the works?