Why did JJ change his wording from "well advised" to "advised"?

[Anonymous]

Could a company that ends up in bankruptcy ever claim to equity holders that the company was "well advised"? Well JJ is on the record as saying "well advised" for at least the last 2 conference calls prior to the last one. At the last one he wisely removed the word "well". If the company chooses BK, you have to feel for the people who held or even bought after he said "well advised". CA attorneys are probably keeping a close watch on this.

 

[Anonymous]

"We continue to make progress in our thinking." BWAHAHAHA!

 

[Anonymous]

"We continue to make progress in our thinking." BWAHAHAHA!

Does "thinking" mean running this into the ground? If so, that sentence might make some sense.

About $7B of wealth has vanished and about 150M of wealth was redistributed to about 30 people. How did the BoD not make management tell the public about the upfront cost issue long before 2011? How did the BoD let Gold give fairy tale hockey stick revenue projections? Why is DW still here?

 

[Anonymous]

Q3 2013 call -

"We expect to provide more detail on our steps to address our debt during our fourth quarter call which is typically held in February."

On Q4 2013 call -

"As you would expect, we are not going to provide details at this point in time, except to say that addressing our convertible debt remains a top priority and we are well advised."

 

[Anonymous]

Definition of stalking horse offer:

A stalking horse offer, agreement, or bid is an attempt by a debtor to test the market in advance of an auction. The intent is to maximize the value of its assets as part of (or before) a court auction in case of bankruptcy.

Quote from CC:

"Our restructuring plan is enabling us to slow our cash burn while continuing to make strategic investments and initiatives that we believe will maximize the value of Provenge."

 

[Anonymous]

Salient thread for today's news. DW probably reads this board!

 

[Anonymous]

Q3 2013 call -

"We expect to provide more detail on our steps to address our debt during our fourth quarter call which is typically held in February."

On Q4 2013 call -

"As you would expect, we are not going to provide details at this point in time, except to say that addressing our convertible debt remains a top priority and we are well advised."

Later Fi DOUCHE iary. You wouldn't know responsibilities of transparency if they were read to you. CA attorneys mouths are probably watering.

 

[Anonymous]

Could a company that ends up in bankruptcy ever claim to equity holders that the company was "well advised"?

A very loaded question. JJ's statements ("well advised") and broken promises (failure to address the debt when he said he would) may have taken BK off the table for this BOD who probably have no tolerance for more suits.