Enron Prosecutor Quote will be Prophetic

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I am hoping that most of these postings are not coming from real Dendreon employees. The posters have little understanding of the law and to put Dendreon's issue (an over-estimation of revenue for a new product that was hit by every obstacle possible) in the same class as Enron is shameful.

As to the predetermined selling of stock by insiders, every company does it. Gold was not an experienced CEO but he also is not a crook. Diversifying at high proices was fortnate for him and unfortunate for me andf others who have held. That said, I am not crying; just waiting for the product and future products to develop. When they do, even Milken, Furnstein, Huber and Cramer will not be able to stop the freight train.

But what I would like to be stopped is the inflammatory words and unproven charges. Let this board highlight real prospects and problems.
 






Anonymous said:
I am hoping that most of these postings are not coming from real Dendreon employees. The posters have little understanding of the law and to put Dendreon's issue (an over-estimation of revenue for a new product that was hit by every obstacle possible) in the same class as Enron is shameful.
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You do not know the facts of this case and the few things you mentioned show your complete lack of understanding of the law. Joseph Nacchio had 10b5-1 plans. They must be set up in good faith. Your other dribble is not even worth responding to. If anything is shameful it is your post. You are defending something that is indefensible. Obviously you were told to post here. You can tell the current board member of Dendreon who is a criminal he can post here himself. You should be ashamed of yourself for taking orders and pretending you understand the law and telling people who know the law that they don't. You will see the result of the federal investigations and your post will reveal your complete lack of understanding of the law. Go have a drink with your D'Enron buddies.
 






Anonymous said:
Let this board highlight real prospects and problems.
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Make your own posts about prospects and problems. You posted in a thread about a prophetic quote from the prosecutor of corporate crimes. That's what this thread was about.
Enron was an early poster child for corporate greed and crimes. D'Enron will be the poster child this decade. It's can't inflammatory if it's the truth. Now run along and create your own thread and the people who write the D'Enron posts won't tread on your posts.
 












Anonymous said:
I am hoping that most of these postings are not coming from real Dendreon employees. The posters have little understanding of the law and to put Dendreon's issue (an over-estimation of revenue for a new product that was hit by every obstacle possible) in the same class as Enron is shameful.

As to the predetermined selling of stock by insiders, every company does it. Gold was not an experienced CEO but he also is not a crook. Diversifying at high proices was fortnate for him and unfortunate for me andf others who have held. That said, I am not crying; just waiting for the product and future products to develop. When they do, even Milken, Furnstein, Huber and Cramer will not be able to stop the freight train.

But what I would like to be stopped is the inflammatory words and unproven charges. Let this board highlight real prospects and problems.
Click to expand...

Have you read the Dear Mitch thread? That posting came from an employee months ago and outlined the case that Mitch knew from Day One where sales where heading and all the obstacles that were being encountered.

The specifics he/she shared were fairly detailed and not likely to have come from an outsider. They have never been disputed but the legal system will eventually decide their truthfulness.

Inexperience is not criminal but failure to disclose the truth is!

Anyone cunning enough to raise millions of dollars for an unapproved therapy, has demonstrated impeccable personal market timing that goes back to April of 2007, and has the initials MD after their name would be hard pressed to plead ignorance.
 






Anonymous said:
Have you read the Dear Mitch thread? That posting came from an employee months ago and outlined the case that Mitch knew from Day One where sales where heading and all the obstacles that were being encountered.

The specifics he/she shared were fairly detailed and not likely to have come from an outsider. They have never been disputed but the legal system will eventually decide their truthfulness.

Inexperience is not criminal but failure to disclose the truth is!

Anyone cunning enough to raise millions of dollars for an unapproved therapy, has demonstrated impeccable personal market timing that goes back to April of 2007, and has the initials MD after their name would be hard pressed to plead ignorance.
Click to expand...

Exactly. There has never been a post here that made me think Mitch reads this board until that one. I am convinced that is a crony of his due to some of the verbiage in that post. A CEO cashing out almost all of their "free" shares is not diversifying. It is "dumping." No one who isnt connected to Mitch would call that diversifying or say he isn't a crook when he is a crook.

The Enron prosecutor's quote which is what this thread was about also speaks to the fact that no matter who you are or how inexperienced you are, you can't lie to shareholders. this was a fraud in every sense of the word. Shareholders and employees lost billions. Many who joined the company under the false pretense of criminal guidance had careers sidetracked and destroyed. Speaking of false pretenses, the people who bought the bond offering in January 2011 are the silent victims of his heinous acts. Over 600 million in bonds virtually no longer liquid unless those bondholders need their money so bad that they will take a 35% loss in the secondary market. The convertible option is rendered worthless and the bonds are junk. D'Enron and a criminal currently on D'Enron's board of directors is cooked. Stick a fork in it.
 






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!
 






good post from yahoo on clawbacks. IMO it will be in the form of disgorgement. RH's home is probably safe from clawbacks under Fla's arcane laws.

from yahoo:
52 minutes ago

Claw Backs

"Its happening with the banks and soon IMHO with DNDN."
 


















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