THE REAL BAGHOLDER IS GOLD

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Anonymous

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For those of us who lost significantly due to Gold's and other's crimes we were bagholders and had all the pain and suffering and feeling of being dumb that goes along with that.

Think about it though. The real bagholder is Mitch Gold. He is the dumbest person of all of us. In fact he is completely stupid. He has been caught red-handed and he is holding the $60 million bag of "loot". This represents 6% of the value of all current outstanding shares. Talk about being a "bagholder." I would not wish holding that bag on anyone but him. Justice will be served for that animal and it should be swift and harsh. This man is a danger to our financial markets and must be held to account ASAP to prevent more crimes from a psychopathic madman who probably feels no guilt whatsoever. If he ever wants to do the world any good, he should donate his brain to science postmortem so research can be done on possible causes of criminal greed, psychpathy and having no conscience in this realm.
 












Loncar

"while it isn’t always constructive to dwell on the past, in this case there is something that deserves to be said publicly to the entire board of directors. It is both unacceptable and disappointing how you failed to exercise effective independent oversight of this company and its previous management team. You were alerted many times, sometimes in a public manner, about this company’s poor transparency and often-questionable guidance, yet you failed to do anything about it until it was too late. As a result, a lot of good, decent people were hurt...while that management team walked away with an embarrassment of riches. And it is embarrassing."
 






Msg 440523 of 440629 at 6/13/2012 5:02:43 PM by
steveporsche

Re: Brad Loncar comment at ASM
"Of all the people that had a negative slant on Dendreon before August 3rd, Brad was only the only one who got it right. People wrote about cost structure or competition, but Brad got in right early that the real problem with Dendreon was a dishonest CEO in bed with a BOD that provided absolutely no oversight. We have seen that play out over the last 10 months and 10 days. Had management been honest and the board done a proper job of oversight, this disaster would have been avoided. No early revenue guidance would have been provided until mgt. was fairly certain where revenues would be (like every other co. in the US). They would have completed NJ first and stage in the second plant more slowly. They would not have hired 2,000 people before they knew what demand was. As a result, the company's cost structure would not have looked so bad and they would not have the debt overhang today. A good BOD would have made sure that a great marketing team was put in place right away and paid up nice $s to get them. Gold is a greedy psychopath baffon.

In all my years of investing I never heard of armed cops at an ASM. Shows you what a disgusting animal Gold is. Hopefully one day Gold will go to jail or at the very least rot in hell."
 






if there really is a buyer for the company, it's probably based on a premium over closing price on a particular day

so, I figure Gold is already so deep, he's using this info to buy and inflate the price hoping that he makes enough money that bribes will free him

ok, not really, but here I am with all my money, a little lonely and afraid, feeling in a wicked mood.
 






Anonymous said:
if there really is a buyer for the company, it's probably based on a premium over closing price on a particular day
Click to expand...

That premium won't be much. It can't be. There is less cash than what is owed on the bonds. There are civil lawsuits. There are federal investigations. No one knows how much insurance will pay. Insurance may balk this time and may have legal recourse not to pay when crimes took place. There is competition coming fast and furious. There is huge COGS. I can't imagine a buyout for much more than a billion. Maybe 1.2, 1.3 billion at the most.
 


















Anonymous said:
Loncar

"while it isn’t always constructive to dwell on the past, in this case there is something that deserves to be said publicly to the entire board of directors. It is both unacceptable and disappointing how you failed to exercise effective independent oversight of this company and its previous management team. You were alerted many times, sometimes in a public manner, about this company’s poor transparency and often-questionable guidance, yet you failed to do anything about it until it was too late. As a result, a lot of good, decent people were hurt...while that management team walked away with an embarrassment of riches. And it is embarrassing."
Click to expand...

Brad puts it succinctly and on the money....
 






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