Pharmathene, Inc. (f/k/a PIP)

[RNsidersbuying]

My concern is with SIGAQ's ability to pay or how well they can continue avoiding payment?

This from SIGAQ filing:

Plan of Reorganization

The Company has not yet filed a plan of reorganization with the Bankruptcy Court. The Company currently has the exclusive right to file a plan of reorganization through and including August 14, 2015, and to solicit votes on such a plan if filed by such date through and including October 13, 2015, subject to the ability of parties in interest to file motions seeking to terminate the Company's exclusive periods, as well as the Company's right to seek extensions of such periods. On August 3, 2015, the Company filed a motion to extend the foregoing dates to December 14, 2015 and February 15, 2016, respectively. The Company has a right to seek extensions of such exclusive periods, subject to the statutory limit of 18 months from the Petition Date in the case of filing a plan and 20 months from the Petition Date in the case of soliciting and obtaining acceptances of such a plan. The implementation of a plan of reorganization is subject to confirmation of the plan by the Bankruptcy Court in accordance with the provisions of the Bankruptcy Code, and the occurrence of the effective date under the plan. At this time, there is no certainty as to when or if a plan will be filed, the provisions of a plan (including provisions with respect to the treatment of prepetition claims and equity interests), or whether a plan will be confirmed and become effective.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10840726