Qwenron

[Anonymous]

"This is a case about cheating," Assistant US Attorney James Hearty told jurors. "He sold $100 million worth of Qwest stock when he knew about problems at Qwest -- problems that people outside Qwest did not know."

Nacchio's case, Hearty said, "is based on a very simple principle -- fairness. Corporate insiders are in a position to take advantage of information people outside don't know."

Mr. Nacchio earned millions of dollars under predetermined stock-selling plans in the first half of 2001, in addition to other trades in the open market. Prosecutors alleged that Mr. Nacchio had inside information when he entered two of the plans.

Nacchio is currently in prison.

 

[Anonymous]

Provenge is a minor miracle. Cheers to those of us in the labs who did this!

But, the company is no longer a business and it's flailing are keeping it from gettting to patients where it would save lives.

The upper management is curled into a ball waiting indictments.

The sales force has been structured so the people can't make money and they leave.

Every quarter, the fat in general and admin increases (nothing person fat man).

Currently, sales are ~$80 and loses are $90M (sum has been the same for the last 5 qtrs if you back out the IP sale) Evey qtr, the non factory general/admin expenses increase $5M.
Even if it didn't cost a dime to make more product, they need revenue of 4x(80+90) or $680M to break even. With the cost of the extra goods and continued fattening of corporate, I'm guessing it will take sales of nearly $1B for this company to break even.

Such sales are a long way off when your upper management can't focus on anything but legal issues and you can't figure out how to keep a sales force in place and what to do with them.

The place had such promise before the pump and dumpers put them into a state where they can no longer operate as a business. A deep housecleaning would have saved them a year ago. They just don't have it in them to do it now.

Provenge is a great product, the patient videos are right. But, it's nearly irrelevant to the company future.

As one poster said here, liquidation may be the only way that D'Enron saves lives.

 

[Anonymous]

This is the third thread you posted this exact same mentally ill rant on in the last 24 hours. Take your schizophrenia meds and liquidate your hate for a few hours.

 

[Anonymous]

"This is a case about cheating," Assistant US Attorney James Hearty told jurors. "He sold $100 million worth of Qwest stock when he knew about problems at Qwest -- problems that people outside Qwest did not know."

Nacchio's case, Hearty said, "is based on a very simple principle -- fairness. Corporate insiders are in a position to take advantage of information people outside don't know."

Mr. Nacchio earned millions of dollars under predetermined stock-selling plans in the first half of 2001, in addition to other trades in the open market. Prosecutors alleged that Mr. Nacchio had inside information when he entered two of the plans.

Nacchio is currently in prison.

Seems familar....

 

[Anonymous]

This is the third thread you posted this exact same mentally ill rant on in the last 24 hours. Take your schizophrenia meds and liquidate your hate for a few hours.

While I'm the original poster, someone else is cutting and pasting my posts on all threads.

I only post once, not sure who the fan is...

 

[Anonymous]

While I'm the original poster, someone else is cutting and pasting my posts on all threads.

I only post once, not sure who the fan is...

Your post was accurate and credible. It deserved to be in a few threads. Won't do it anymore. Was just in response to an insane poster who calls everyone mentally ill who disagrees with his pumping, lies and deception that is in the face of what the market thinks, what professional analysts think, what the vast majority of employees who post here think, and reality. He is another Ted Cohen who was pumping this stock from 57 to 6. Obviously he was put here as a one man PR team to do damage control. Unfortunately for D'Enron the damage is self inflicted and it is indefensible. This guy has an impossible task but I guess he was the only one stupid enough to take the bait.

 

[Anonymous]

Believe me you have no fans here. No one likes to read the repetitive delusional rants of a psychopath. You are a complete insult to the 1,500 hard working employees of Dendreon that are trying to care for cancer patients and grow the company. So far they have done a good job of growing the company from $49m Q2 2011 to $82m Q1 2012 sales.

 

[Anonymous]

Believe me you have no fans here. No one likes to read the repetitive delusional rants of a psychopath. You are a complete insult to the 1,500 hard working employees of Dendreon that are trying to care for cancer patients and grow the company. So far they have done a good job of growing the company from $49m Q2 2011 to $82m Q1 2012 sales.

I think your 1500 number was before current board member MG had to lay off 500 employees due to his pump and dump fraud. If you read this board for any period of time you would find that employees agree this is a company with no future due to irreparable damage by former employees and a current board member and are just waiting for their severance to get the hell out of here.