Some thoughts about current situation...

[Anonymous]

Another series of lies from the serial liar. You do not know at all who I am at all so don't make false accusations. I do not want anyone from this board to buy the stock. I could care less if anyone who reads this board ever buys the stock. So add one more lie to your long list.

I want a mentally ill obsessed idiot - YOU - to stop posting lies and misinformation about a company you have a vendetta against. Your whole meaningless life is spent attacking Dendreon in your sick effort to hurt Dendreon, Dendreon employees, and cancer patients.

"Most of the executive team is the same."

Johnson, DiPinto, Mikail, Fenton, Stump, etc, plus a whole new sales and marketing management team - you lie constantly even when exposed.

"Once a company decides to give guidance, it must have a reasonable basis."

The "company" never provided guidance, the former CEO and COO did. Gold called all the shots on guidance. He is not an officer of the Company anymore, but for now remains on the board. If any charges are brought up and he is convicted the company will dismiss him. Dendreon carries Officer and Director insurance. The current CEO, Johnson and DePinto, head of Global Commercial Operations had absolutely nothing to do with issuing prior guidance. You would want to burn down a home that at one time had cockroches in it.

"For anyone who doesn't know what a Board of directors does, they have have more power than management."

Laughing my ass off at that one. You have the business sense of a chimp. In the U.S. Board of Directors have limited influence over companies. Ever hear of Carl Ichan? Apple's board had more influence on running the company than Steve Jobs? Give me a freakin break. You have zero credibility.

Your posts above and constant "D'Enron", "FBI", "liquidation", "going concern" rants are truly born from an obsessed and mentally ill mind. You really need to seek Psychiatric help immediately. The communications coming out of your mind are clearly obsessive, repetitive and delusional. It is frightening to see you self destruct in public.

You have directly hurt cancer patients through your activities on this board. You are the biggest criminal of all.

Stop posting your serial lies and distortions

I will give each one of this lunatic's quotes a rebuttal.

1) "You do not know at all who I am at all so don't make false accusations."

I know exactly who you are. It is not a false accusation. You write the same posts on another board. Same style, same words, same name calling.

2)"Johnson, DiPinto, Mikail, Fenton, Stump, etc, plus a whole new sales and marketing management team - you lie constantly even when exposed."

Fenton and Stump are not on the executive team. There are 7 executives.

A) Ranieri (the highest paid HR guy in the US) is still an executive
B) Greg Schiffman-CFO is still an executive
C) Mark Frohlich is still an executive
D) Mikail replaced Osborn who was here for 6 months. He left of his own choice to help the Romney campaign. The only time ever that someone left the company and Dendreon gave a detailed explanation because it's probably one of the few where there was nothing to hide. I thought it was shocking at the time that they gave a detailed explanation because it just goes to show that the others were under a veil of secrecy. They should remain consistent or they tip their hand.
E) Poulton is not new to Dendreon. He may be new to being an executive.
F) DePinto is new and replaced a problem person RR
G) John Johnson went from BoD to CEO

All of these who were here and executives on January 5, 2012 accepted free shares after a year in which the stock price went from 35 to 7. This was while the current director Mitch Gold was CEO.

3) "The "company" never provided guidance, the former CEO and COO did."

The "company" Dendreon did provide guidance. The former CEO (current director) and COO did provide guidance. You are correct about that. You conveniently fail to mention that current CFO Greg Schiffman provided this same guidance at every earnings call up until the August 3, 2011 earnings call.

So, the CEO of the company provided guidance. The CFO of the company provided guidance. The COO of the company provided guidance. That means the company provided guidance. That is why the civil class action suits are suing the Company as well as individuals.

4) "If any charges are brought up and he is convicted the company will dismiss him. Dendreon carries Officer and Director insurance."

What you conveniently fail to mention is that a conviction would mean crimes were committed. Most insurance does not cover crimes. If the insurance did not cover crimes, then the company would have to pay.

5) "The current CEO, Johnson and DePinto, head of Global Commercial Operations had absolutely nothing to do with issuing prior guidance."

You are correct about this. You conveniently leave out the fact that Johnson is also the Chairman of the Board of Directors and the Board of Directors for some reason wont dismiss the person who was responsible for issuing prior guidance.

The shareholders do not want MG on the BoD. MG is not above being removed from a job that he failed at and caused so much damage. There is a reason he remains and the shareholders have a right to know what that reason is.

6) "Your posts above and constant "D'Enron", "FBI", "liquidation", "going concern""

I have never discussed going concern or liquidation. I do not think either of those issues are in Dendreon's future. There are many people who post on this board who don't believe in this company.

6) "In the U.S. Board of Directors have limited influence over companies."

Will not even qualify this with an answer, but anyone who wants to research this will have an idea of the person you are dealing with.

Number 6 is clear evidence that he will say anything to make a stock that is quickly becoming irrelevant try to seem relevant.

It is unfortunate that he takes credibility away from the remaining legitimate supporters of the company who believe that a takeover is in the best interests of cancer patients and shareholders.

 

[Anonymous]

I will give each one of this lunatic's quotes a rebuttal.

1) "You do not know at all who I am at all so don't make false accusations."

I know exactly who you are. It is not a false accusation. You write the same posts on another board. Same style, same words, same name calling.

2)"Johnson, DiPinto, Mikail, Fenton, Stump, etc, plus a whole new sales and marketing management team - you lie constantly even when exposed."

Fenton and Stump are not on the executive team. There are 7 executives.

A) Ranieri (the highest paid HR guy in the US) is still an executive
B) Greg Schiffman-CFO is still an executive
C) Mark Frohlich is still an executive
D) Mikail replaced Osborn who was here for 6 months. He left of his own choice to help the Romney campaign. The only time ever that someone left the company and Dendreon gave a detailed explanation because it's probably one of the few where there was nothing to hide. I thought it was shocking at the time that they gave a detailed explanation because it just goes to show that the others were under a veil of secrecy. They should remain consistent or they tip their hand.
E) Poulton is not new to Dendreon. He may be new to being an executive.
F) DePinto is new and replaced a problem person RR
G) John Johnson went from BoD to CEO

All of these who were here and executives on January 5, 2012 accepted free shares after a year in which the stock price went from 35 to 7. This was while the current director Mitch Gold was CEO.

3) "The "company" never provided guidance, the former CEO and COO did."

The "company" Dendreon did provide guidance. The former CEO (current director) and COO did provide guidance. You are correct about that. You conveniently fail to mention that current CFO Greg Schiffman provided this same guidance at every earnings call up until the August 3, 2011 earnings call.

So, the CEO of the company provided guidance. The CFO of the company provided guidance. The COO of the company provided guidance. That means the company provided guidance. That is why the civil class action suits are suing the Company as well as individuals.

4) "If any charges are brought up and he is convicted the company will dismiss him. Dendreon carries Officer and Director insurance."

What you conveniently fail to mention is that a conviction would mean crimes were committed. Most insurance does not cover crimes. If the insurance did not cover crimes, then the company would have to pay.

5) "The current CEO, Johnson and DePinto, head of Global Commercial Operations had absolutely nothing to do with issuing prior guidance."

You are correct about this. You conveniently leave out the fact that Johnson is also the Chairman of the Board of Directors and the Board of Directors for some reason wont dismiss the person who was responsible for issuing prior guidance.

The shareholders do not want MG on the BoD. MG is not above being removed from a job that he failed at and caused so much damage. There is a reason he remains and the shareholders have a right to know what that reason is.

6) "Your posts above and constant "D'Enron", "FBI", "liquidation", "going concern""

I have never discussed going concern or liquidation. I do not think either of those issues are in Dendreon's future. There are many people who post on this board who don't believe in this company.

6) "In the U.S. Board of Directors have limited influence over companies."

Will not even qualify this with an answer, but anyone who wants to research this will have an idea of the person you are dealing with.

Number 6 is clear evidence that he will say anything to make a stock that is quickly becoming irrelevant try to seem relevant.

It is unfortunate that he takes credibility away from the remaining legitimate supporters of the company who believe that a takeover is in the best interests of cancer patients and shareholders.

The post that you responded to had to be a scheme. That post was written so a response could easily exploit every single point.

 

[Anonymous]

The post that you responded to had to be a scheme. That post was written so a response could easily exploit every single point.

The guy who declares all other posters as a "mentally ill idiot" is easy to imitate, but I'm not sure that anyone wants to do so.

His latest posted to multiple active threads is that Schiffman is a good source of information (this after he's declared that the old management were indeed criminals and they are "all gone now")

 

[Anonymous]

The guy who declares all other posters as a "mentally ill idiot" is easy to imitate, but I'm not sure that anyone wants to do so.

Agree. I'm kidding. He truly is a stock trader who rode this from 56 to 4. He is chasing money that he will never get back. He posts the same exact things on a stock board that is comprised of 90% longs and full of elitists. He's a laughingstock there too by the 10%. He uses the same phrases, same arguments, same curses and same "mentally ill idiot" phrase there too.

 

[Anonymous]

Agree. I'm kidding. He truly is a stock trader who rode this from 56 to 4. He is chasing money that he will never get back. He posts the same exact things on a stock board that is comprised of 90% longs and full of elitists. He's a laughingstock there too by the 10%. He uses the same phrases, same arguments, same curses and same "mentally ill idiot" phrase there too.

I think it must be Greg, nobody else would claim that we only burned through $49M last company.

 

[Anonymous]

It is a real shame that you are such a huge Coward that you will not sue Gold directly for the crimes he committed at least one year ago as CEO and COB of Dendreon.

Isn't this Gold person still Dendreon's Chairman of the Board or still on their board?

 

[Anonymous]

It is amazing how many sh** house lawyers we have on this board. I do hope that you all are not employees wasting your time with this garbage at stock holders. Gold and the rest will not go to jail nor will the company pay out a big settlement for a bad guidance number unless there has been a fraud perpetrated. Since you are all speculating or wishing a fraud to be the case here, the likelihood is that it was a misguided estimate that did not consider all of the risks. A seasoned CEO would have been wiser on this but Gold was not/is not a very good business man. That is OK. He brought the world a product that is needed more right behind it. Yes, he made some money but was it fraud? I don't think so. I can't prove it one way or the other. Therefore, I follow the USA principal of "Innocent until proven guilty" unlike you vigilanties who want him strung up without any proof of wrong-doing. Shame on you.

 

[Anonymous]

It is amazing how many sh** house lawyers we have on this board. I do hope that you all are not employees wasting your time with this garbage at stock holders. Gold and the rest will not go to jail nor will the company pay out a big settlement for a bad guidance number unless there has been a fraud perpetrated. Since you are all speculating or wishing a fraud to be the case here, the likelihood is that it was a misguided estimate that did not consider all of the risks. A seasoned CEO would have been wiser on this but Gold was not/is not a very good business man. That is OK. He brought the world a product that is needed more right behind it. Yes, he made some money but was it fraud? I don't think so. I can't prove it one way or the other. Therefore, I follow the USA principal of "Innocent until proven guilty" unlike you vigilanties who want him strung up without any proof of wrong-doing. Shame on you.

You blame people for speculating, yet you state as fact that he will not go to jail, while you know that the feds are investigating. Is that not speculating?

This is your second post in this thread and it really makes people wonder what your agenda is and why you feel the need to post. You are trying to milk people for what they know. Another amateur move from people who are desperate. Good luck with the "ignorance" attempt and lack of "seasoning"!! That's desperation.

Also understand there are others who's job it was to know the law and there was a BoD who was supposed to ask questions. It takes many to commit a multi billion dollar fraud.

 

[Anonymous]

It is amazing how many sh** house lawyers we have on this board. I do hope that you all are not employees wasting your time with this garbage at stock holders. Gold and the rest will not go to jail nor will the company pay out a big settlement for a bad guidance number unless there has been a fraud perpetrated. Since you are all speculating or wishing a fraud to be the case here, the likelihood is that it was a misguided estimate that did not consider all of the risks. A seasoned CEO would have been wiser on this but Gold was not/is not a very good business man. That is OK. He brought the world a product that is needed more right behind it. Yes, he made some money but was it fraud? I don't think so. I can't prove it one way or the other. Therefore, I follow the USA principal of "Innocent until proven guilty" unlike you vigilanties who want him strung up without any proof of wrong-doing. Shame on you.

"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."

 

[Anonymous]

"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?"

 

[Anonymous]

I do not post often here but I'd like to put in my 2 cents. I have worked for and worked with many CEOs in my day. Many of the ones I have worked with will die trying to get rich but they do not feel they are entitled to be rich. The CEOs I know fear the government. They know that eveything they do can be a violation of the law, whether they are well-versed on law or not. These CEOs were in constant communication with company counsel and many times they had their own counsel for more legal opinion.

You also talk about a "bad guidance number" as if it's just a number with no comprehension that a CEO can not just put out any number that just sounds good to him. The number must consider a whole host of factors and with a first of its kind therapy those factors needed to be thought about very conservatively. Guidance did not even have to be given. Without company guidance, brokerage firms likely would have given conservative estimates. The brokerage firms deferred to those who would have known the most about a first of its kind therapy.

This "bad guidance number" was not a one day event. There was one day that this "bad guidance number" was first given, but every day this "bad guidance number" remained out there it created more victims who were buying the stock up until August 3, 2011.

A CEO can not just gamble other people's money, with the knowledge that his wealth was already guaranteed by having sold most of his shares and the thought that people like him usually don't get caught. He was caught and he will face the consequences.

 

[Anonymous]

1.Company guidance that turns out wrong happens. Companies are allowed to miss.
2.Companies can not give baseless guidance. As you will find out, this guidance was baseless and there is ample evidence and witnesses and warnings that will prove this in a court of law. This baseless guidance was reaffirmed earnings call after earnings call and even at the June 21, 2011 shareholders meeting.
3.There will be a big settlement. It will be a fraction of the 3 billion investors lost but it will be in the hundreds of millions.

 

[Anonymous]

As a Dendreon long, I do not want Dendreon hit with a large settlement amount because I know (from experience of the early 2000 bubble) where the lion share of the settlement goes. Many law firms have signed up for their share of the bounty and there will be scraps left for the shareholders. We are all better off with no settlement and let the company get on with its business and improve its ways of handling the future.

 

[Anonymous]

I agree, the amount of lies posted on this board is overwhelming. Intentionally so. To claim there will not be a Dendreon in 14 months is a straight out lie. The company has $500 million in cash, used $49 million in cash last quarter, and has undertaken a major restructuring plan to substantially cut future costs. This poster hides behind a Anonymous username and constantly Perjuries himself.

So true, and then some

 

[Anonymous]

As a Dendreon long, I do not want Dendreon hit with a large settlement amount because I know (from experience of the early 2000 bubble) where the lion share of the settlement goes. Many law firms have signed up for their share of the bounty and there will be scraps left for the shareholders. We are all better off with no settlement and let the company get on with its business and improve its ways of handling the future.

Don't punish companies and they will continue to punish the investor.

There are currently just scraps left for shareholders anyway. The perpetrators saw to that.

By saying the company and not insurance will pay the settlement you are saying they committed fraud. I happen to agree with you, but it makes people wonder why you would support a company that perpetrated a fraud and still protects some of those involved.

 

[Anonymous]

As a Dendreon long, I do not want Dendreon hit with a large settlement amount because I know (from experience of the early 2000 bubble) where the lion share of the settlement goes. Many law firms have signed up for their share of the bounty and there will be scraps left for the shareholders. We are all better off with no settlement and let the company get on with its business and improve its ways of handling the future.

I lost a lot with this company and still hold some stock that I just can't bring myself to look at and sell (truly sad thing is that it's in a Roth, so I can't even deduct the loss!)

But, you can't let criminal activity skate.

Our company is toast and the faster it goes down, the faster our IP gets into the hands of a company that can focus on treatment rather than lawsuits and ass covering.

 

[Anonymous]

"Our company is toast and the faster it goes down"

Michael Alan, aka "Rynotheknife", aka "Zonked" you are short the stock. You do not work at Dendreon, so where does the word "our" come from? You are an outted serial liar out to damage Dendreon so you can make money off it. You are a sleazy Hollywood Blvd scam artist and porn photographer.

 

[Anonymous]

I lost a lot with this company and still hold some stock that I just can't bring myself to look at and sell (truly sad thing is that it's in a Roth, so I can't even deduct the loss!)

But, you can't let criminal activity skate.

Our company is toast and the faster it goes down, the faster our IP gets into the hands of a company that can focus on treatment rather than lawsuits and ass covering.

Jesus Christ. Thank you for summarizing exactly how I feel too. It's about law and order and what's best for cancer patients.

That crazy paranoid idiot who thinks this board is short traders who are harming cancer patients could not be more deranged or further from the truth.

This therapy in the hands of BP is 100% better for cancer patients. This company can not sell it and can not market it. Even if they could, BP has the resources acumen and skill to market it best.

Deal should happen by 2nd qtr of next year. BP and Dendreon probably waiting for the Feds to act to get that out of the way. Then the serious negotiations with not too many unknowns can produce an accurate valuation.

600M for the bonds
400M for legal (fed and civil)
1B cash.

Takeover company in essence paying 2B for the technology.
1B to shareholders at a takeout price of about 7.

 

[Anonymous]

Jesus Christ. Thank you for summarizing exactly how I feel too. It's about law and order and what's best for cancer patients.

That crazy paranoid idiot who thinks this board is short traders who are harming cancer patients could not be more deranged or further from the truth.

This therapy in the hands of BP is 100% better for cancer patients. This company can not sell it and can not market it. Even if they could, BP has the resources acumen and skill to market it best.

Deal should happen by 2nd qtr of next year. BP and Dendreon probably waiting for the Feds to act to get that out of the way. Then the serious negotiations with not too many unknowns can produce an accurate valuation.

600M for the bonds
400M for legal (fed and civil)
1B cash.

Takeover company in essence paying 2B for the technology.
1B to shareholders at a takeout price of about 7.

As you say, to get the company for $1B means paying $2B. We would be very lucky to have profits of $50M in 5 years, but competition from lots of companies (MDVN, ONTY, ....) will likely mean that we never see profits. So, shareholders aren't going to get anything.

 

[Anonymous]

It is amazing how many sh** house lawyers we have on this board. I do hope that you all are not employees wasting your time with this garbage at stock holders. Gold and the rest will not go to jail nor will the company pay out a big settlement for a bad guidance number unless there has been a fraud perpetrated. Since you are all speculating or wishing a fraud to be the case here, the likelihood is that it was a misguided estimate that did not consider all of the risks. A seasoned CEO would have been wiser on this but Gold was not/is not a very good business man. That is OK. He brought the world a product that is needed more right behind it. Yes, he made some money but was it fraud? I don't think so. I can't prove it one way or the other. Therefore, I follow the USA principal of "Innocent until proven guilty" unlike you vigilanties who want him strung up without any proof of wrong-doing. Shame on you.

Just saw this post. This idiot is trying to sound like a regular guy but putting the defense out for all to see. Yes, it was a "misguided estimate" based on the treatment selling itself. You can't give an estimate, knowing your defense when it fails is that you gave the estimate because you thought the treatment would sell on its own, when simple common sense knew otherwise. You have no case.