Dear Mitch

from yahoo:

17 minutes ago

"a drug the ceo said could reach over 2 billion in sales in the usa and we have a stock at 6 dollars. how has gold stayed out of jail and held onto all his ill gotten gains. to funny."
 






from yahoo:

17 minutes ago

"a drug the ceo said could reach over 2 billion in sales in the usa and we have a stock at 6 dollars. how has gold stayed out of jail and held onto all his ill gotten gains. to funny."

Awww com'on gang, he will need the money to buy lube and preperation H when he becomes bubba's "Prison Mitch"

Not sure, but I think there's a song about that...
 






I wonder what Jennerex is going to do when justice is served here. I wonder if Gold has disclosed to them all the civil suits he faces and all the federal agencies that are investigating him.

"SAN FRANCISCO, April 17, 2012 /PRNewswire/ -- Jennerex, Inc., a private clinical-stage biotherapeutics company focused on the development and commercialization of first-in-class targeted oncolytic virus products for cancer, today announced that Mitchell H. Gold, M.D., has joined its board of directors."
 


















I wonder what Jennerex is going to do when justice is served here. I wonder if Gold has disclosed to them all the civil suits he faces and all the federal agencies that are investigating him.

"SAN FRANCISCO, April 17, 2012 /PRNewswire/ -- Jennerex, Inc., a private clinical-stage biotherapeutics company focused on the development and commercialization of first-in-class targeted oncolytic virus products for cancer, today announced that Mitchell H. Gold, M.D., has joined its board of directors."

Doubt he disclosed anything to them. His presence in any company will always end up being destructive to the company IMO. He needs to be taken off the streets.
 












Don't you people ever get tired of blaming others for your bad investment decisions? Mitch Gold is not going to prison and did nothing illegal. He brought a new product to market and could not envsion all of the roadblocks put up by the likes of Sherr, Milken, Fernstein and many others intent upon giving other products time to come to market.

But all of you want someone to blame and picked on poor Mitch. Was he a good CEO? No but he did his job and moved on. As an investor, I can wait for the full development of Provenge and other products. While I do not like the very bumpy ride over the past couple of years, I know where it is headed. But for those of you who "live for today" and expect profits to be handed to you (like the Google investors who wanted to sue as soon as it became clear that they were not going to be rich over night).

Keep crying if it makes you feel better. Blame Mitch if you like but he is not going to prison and civil cases will be fruitless. Comparing Dendreon to Enron is both shameful and childish.
 






Post 68. The only person you could possibly be is Friends of MG. Sad to see the desperation of a corporate psychopath. Even Investors Village DNDN longs who rarely discuss MG and who completely support the company know what he did and know that laws were broken. They dont whine but they do know federal securities laws were broken. Your post indicates that you do not know the law. People lose their freedom for a lot less and I truly hope you are man enough to come back and apologize when justice is served.
 






Re: Dear Mitch

--------------------------------------------------------------------------------
This the best posting on this site. We applaud your courage to post such provocative and truthful commentary about the events leading to the "Hindinburg-esque" disaster of August 3rd, 2011. We know quite well that Mr. Gold knew well in advance that we would never achieve the numbers he and his henchmen crowed to the investment community. Being a poor and stupid CEO is not criminal but having multiple sources of evidence to demonstrate that the 400 million goal was never a reality is and should be prosecuted.
 






Post 68. Not one allegation below is untrue. Will be proven in a court. Your post is shameless and desperate....and obvious who you are posting for.

"The shareholder lawsuit filed against Dendreon alleges that DNDN greatly overstated the projected sales of the cancer drug Provenge and misled investors by issuing false statements about the drug. Dendreon had made statements projecting their 2011 sales to be between $350 million to $400 million. These figures turned out to be completely unfounded, and on August 3, 2011, Dendreon announced financial results that were well below analysts' expectations and the company withdrew its earnings guidance for the entire fiscal year. Shares of Dendreon stock plummetted by more than 67%, quickly reducing DNDN's market value by more than $3 billion.

CEO sells $5 Million in Dendreon stock before collapse.
The shareholder class action lawsuit against Dendreon also alleges that management including the CEO, sold shares while the share price was artificially inflated, thus defrauding other investors by failing to have financial controls in place to prevent insiders trading and earning large profits from non public information. Dendreon's CEO, Mitchell H. Gold, sold 128,000 shares for $4.84 million before Dendreon's stock collapsed."
 






Don't you people ever get tired of blaming others for your bad investment decisions?

Our investment decisions are not being investigated.

One of the many things in question is MG's Investment Decisions.

You will find when all is said and done that federal securities laws were broken. The FBI is the gov't agency that investigates illegal insider trading.

You are the only person on this board who has ever defended MG so it raises questions as to who put you up to your post. He is not even defended on Investors Village. That should tell you something. You stick out like a sore thumb.
 












Dear Mitch- Its apparent that you don’t care about your employees, especially for the ones that took the big risk of staying on through all the dips. If it was just getting sucker punched on our financial future, I might have kept quiet. But no, you had to make our working life hell by bringing on people you knew were toxic.

So here are a few questions for you

Every Monday afternoon you attended a meeting that reviewed plant capacity and sales. You had Weekly Capacity Reports at your disposal. Don't you remember?

We were limited to a measly 12 workstations throughout most of 2010. We couldn’t even fill those slots. Don't you remember?

Our Market Planning Department, the ones with all the data and responsible for forecasting, projected 2011 sales of $240M in late 2010. That didn’t fit in you’re your plans. Did you choose to ignore or mislead?

I could go on and on but that should keep the lawyers busy for a while.

The last straw was bringing on Rosen. This was after your entire executive board said no. You trumped them all and gave him a two-year contract. For all you lawyers out there here’s a hint to save time. Just pull up the Bayer lawsuit, do a search for Bayer and replace with Dendreon. Okay, here’s another straw. Dan Mini-Me. Rob has already taken credit for inventing the internet among everything else. You’ll have to think of something else to justify your arrogance.

Oh and one last question for Mitch. We’ve all been touched by cancer but you’ve been very vocal about it. How many of those millions you pocketed were donated to cancer research? Thought so!

OP you still around this board? You still have the best post ever here. When is justice here in your opinion?
 






Our Market Planning Department, the ones with all the data and responsible for forecasting, projected 2011 sales of $240M in late 2010. That didn’t fit in you’re your plans. Did you choose to ignore or mislead?

That quote is from original post that the write of the post was writing to Mitch Gold.

Very interesting.....
 






Written to Mitch Gold by OP...

"Our Market Planning Department, the ones with all the data and responsible for forecasting, projected 2011 sales of $240M in late 2010. That didn’t fit in you’re your plans. Did you choose to ignore or mislead?"

interesting indeed...
 






Institutional investors*********


Institutional Investors - Many mutual funds' charters directly prohibit their managers from investing or holding penny stocks (those traded on the OTCBB and pink sheets) and generally stocks under $5 dollars. However, mutual funds are not obligated by any regulations to have such clauses and there are mutual funds that specialize in penny stocks.
 






Dear Mitch- Its apparent that you don’t care about your employees, especially for the ones that took the big risk of staying on through all the dips. If it was just getting sucker punched on our financial future, I might have kept quiet. But no, you had to make our working life hell by bringing on people you knew were toxic.

So here are a few questions for you

Every Monday afternoon you attended a meeting that reviewed plant capacity and sales. You had Weekly Capacity Reports at your disposal. Don't you remember?

We were limited to a measly 12 workstations throughout most of 2010. We couldn’t even fill those slots. Don't you remember?

Our Market Planning Department, the ones with all the data and responsible for forecasting, projected 2011 sales of $240M in late 2010. That didn’t fit in you’re your plans. Did you choose to ignore or mislead?

I could go on and on but that should keep the lawyers busy for a while.

The last straw was bringing on Rosen. This was after your entire executive board said no. You trumped them all and gave him a two-year contract. For all you lawyers out there here’s a hint to save time. Just pull up the Bayer lawsuit, do a search for Bayer and replace with Dendreon. Okay, here’s another straw. Dan Mini-Me. Rob has already taken credit for inventing the internet among everything else. You’ll have to think of something else to justify your arrogance.

Oh and one last question for Mitch. We’ve all been touched by cancer but you’ve been very vocal about it. How many of those millions you pocketed were donated to cancer research? Thought so!

wow, i am sorry. are things better now at least?
 






wow, i am sorry. are things better now at least?


Well, nearly all of the criminals are still on the board...

The stock is approaching $4 about 30 days after Gold dumped his last bunch at nearly twice that.

They are firing 1/3 of the company so they can get breakeven down to $600M in sales (after claiming $400M was breakeven before the RIFs).

Sales are declining and the losses are nearly $100M/qtr, those will go down but RIFs will probably mean at least $100M writedown and a lot of the remaining cash.

They leased 40k of space in NJ to build a new HQ, then announced they'd close the NJ plant and wouldn't move (another great savings move).

HR manager is still the incompetent guy with the largest salary in the industry.

About 1/2 of the sales force has quit leaving enormous areas uncovered.

Sales are declining now rather than rising at "low single digits".

After every quarter's EC, the stock loses 1/3 of it's value or more, so it's gone from 60s to just over $4.

Nope, things are on the same track here, how are things with you?