Disclosure-Civil suits are watching for Disclosure on 27th

[Anonymous]

Just underneath the Cafepharma logo. On the home page it reads for Employees and healthcare professionals. The intent for employees to discuss their workplace issues.

Fair enough. Maybe the few non-employees will stop posting. Hope you aren't a hypocrite whoever you are. If you are ever banned from the industry or imprisoned you would join the ranks of the non-employees and I hope you would also preclude yourself from posting here.

 

[Anonymous]

Company just announced that they moved up the conference call on the 27th to 9am from 4:30pm. A conference call at 6am here in Seattle? Interesting.

 

[Anonymous]

Company just announced that they moved up the conference call on the 27th to 9am from 4:30pm. A conference call at 6am here in Seattle? Interesting.

Reading these boards and strategizing disclosure imo. They changed days and now times.

 

[Anonymous]

Reading these boards and strategizing disclosure imo. They changed days and now times.

I see really dumb people on stock boards wondering why they would wait until earnings to disclose investigations if there are investigations. These type of things are disclosed on company filings. Earnings day will be the next company filings. They may not even mention it on the earnings call.

I thnk if possible investigations are taking place and will be disclosed in company filings they want regular trading to follow instead of after hours where anything can happen. This is so surreal. They are probably reading this board and making decisions based on the legal minds here.

I can not think of any other reason they would make this switch to 6 am in the morning Seattle time. Many who have a bit of a drive will have to wake up at 4:30. Why would they inconvenience themselves so much.

 

[Anonymous]

Why would they inconvenience themselves so much?

Maybe they make the company filing online in the middle of the night. Say nothing verbally at earnings and maybe they think this minimizes damage to stock price a few hours later when someone points out that its in the filing.

 

[Anonymous]

They will not disclose any investigation. Ignoring all there is and has been said in this board.

 

[Anonymous]

They will not disclose any investigation. Ignoring all there is and has been said in this board.

It does seem like they are ignoring everything going on around them because they have remained just as corrupt after August 3 even up to this day.

Regarding Disclosure I saw this in a powerpoint presentation online. It says the following situations REQUIRE disclosure and I don't think thay are right when they say REQUIRE, but it is prudent. See item 5. If not disclosed on Monday then investigation may just be at informal stage

Examples of Matters Requiring Disclosure?
1. Underlying facts require a restatement of financials
2. Investigation discovers a material weakness in
internal controls
3. Misconduct by senior management or directors
4. Violation of laws
5. Formal Investigation by Federal Agency

 

[Anonymous]

They will not disclose any investigation. Ignoring all there is and has been said in this board.

I also think they will disclose because of item b below:

There is no controlling legal authority on whether a corporation is required to disclose the existence of an investigation, but a corporation should consult with counsel about whether disclosure is advisable. That may be the case in a number of circumstances, including: a) when the corporation and/or employees with knowledge of the investigation intend to buy or sell company stock; b) when the fact of the investigation becomes broadly known to third parties; and c) when the existence of the investigation makes any previous company disclosures materially misleading.

b) when the fact of the investigation becomes broadly known to third parties

Everyone who was interviewed and everyone those people told they were interviewed is a pretty broad group that could number in the 100's if not the thousands. I see disclosure on Monday morning.

In my opinion it is why they cancelled the other conference and why the moved earnings to before the other 2 conferences. New CEO might want full transparency for investors before any more conferences.

 

[Anonymous]

So if following item:

b) when the fact of the investigation becomes broadly known to third parties

Is correct. Then, it does not specify, if investigation is caused as a result of federal or civil issues. Civil lawsuites are obviousely have been disclosed.

 

[Anonymous]

So if following item:

b) when the fact of the investigation becomes broadly known to third parties

Is correct. Then, it does not specify, if investigation is caused as a result of federal or civil issues. Civil lawsuites are obviousely have been disclosed.

Federal. Watch for filings on 27th. I could be wrong that disclosure will be in filings on 27th but I really think I am right.

Once again, they do not have to disclose informal or formal federal investigations. I think they will be due to the fact that too many people already know, due to the fact that they cancelled a conference last week and moved earnings up 2 days to precede these other 2 conferences. I think new CEO is conservative and wants full disclosure for investors before any more conferences. It may not even effect stock price too much because not many people understand the severity of what losing a criminal case means to the value of the company with respect to liability in the civil cases. IMO it reduces takeover premium by over a billion dollars. That would be about a 15% return of money to the class suit after lawyers are paid. Thats a very conservative estimate.

 

[Anonymous]

Criminal enterprise may be about to be revealed.

 

[Anonymous]

Agreed.

 

[Anonymous]

Let me ask you a question. I am now concerned by some things I have read about corporate law that Chief Compliance Officers are in charge of enforcing companies policy of freezing all documents and electronic communications when said company is under investigation. Is it possible that lots of incriminating evidence no longer exists due to going without a Chief Compliance officer for 4 months or do you know that feds have most important items?

Yup - illegal, but possible (likely?). Bill Waller was above board, so he was let go with a bunch of others who were honest and smart and followed the law. What happened during 4 months before the worthless Ayers came on as compliance expert. (Ha ha - expert?) What happened after Ayers came on? If his history continues, he'll only be at Dendreon for a year or two, so he's a perfect yes-man. Hope feds are looking into his past and present. Where there's smoke there's fire.

 

[Anonymous]

Yup - illegal, but possible (likely?). Bill Waller was above board, so he was let go with a bunch of others who were honest and smart and followed the law. What happened during 4 months before the worthless Ayers came on as compliance expert. (Ha ha - expert?) What happened after Ayers came on? If his history continues, he'll only be at Dendreon for a year or two, so he's a perfect yes-man. Hope feds are looking into his past and present. Where there's smoke there's fire.

We already know the Feds are investigating. Hopefully next few months bring arrests. MG, GS, RH, HB, RR, DB and rest of board should all be held to account.