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02-18-2012, 08:53 AM
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Disclosure-Civil suits are watching for Disclosure on 27th
If this company does not disclose what can result in material changes in the stock price then they open themselves up to even more legal liability. The fact that investigations have leaked all over the internet means that people know what is going on.
As long as you do not disclose what 100's if not 1000's of people already know then you are lying again Dendreon.
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02-18-2012, 12:31 PM
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Re: Disclosure-Civil suits are watching for Disclosure on 27th
Neither new CEO nor company has any ethics. There is a possibility that company had manipulated their trial data due to lack of independent Steering Committe/IDMC for any of their trial. MG had forced CMO, MF who is a very weak person and biostatistician who was a Dendreon person and unblinded to share the information with him in advance of disclosing it to the public. This assured him to manipulate his number of shares, share this info with some of his close friends and relatives to buy shares before announcing the results.
Biostatistician since left Dendreon and now works in Boston for Sanofi.
Level of corruption in this company is so high that no one there cares what any lawsuit says or what Feds do.
If I were the attorneys in a civil lawsuite or federal agent, I would subpoena the biostatistician under oath, question her. She will crack.
No way of saving Dendreon, every place you look there is a new thing. There is no way, RB and MG would have brought in Dendreon Board or EC or Sr. Leadership who could not have manipulate. They were all hand pick. The ones who questioned MG, RB, RR's ethics, were let go under the name downsizing or were fired. BW was an example.
New CEO is as corrupt. Wait and see.
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02-18-2012, 02:13 PM
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Re: Disclosure-Civil suits are watching for Disclosure on 27th
Quote:
Originally Posted by Anonymous
Neither new CEO nor company has any ethics. There is a possibility that company had manipulated their trial data due to lack of independent Steering Committe/IDMC for any of their trial. MG had forced CMO, MF who is a very weak person and biostatistician who was a Dendreon person and unblinded to share the information with him in advance of disclosing it to the public. This assured him to manipulate his number of shares, share this info with some of his close friends and relatives to buy shares before announcing the results.
Biostatistician since left Dendreon and now works in Boston for Sanofi.
Level of corruption in this company is so high that no one there cares what any lawsuit says or what Feds do.
If I were the attorneys in a civil lawsuite or federal agent, I would subpoena the biostatistician under oath, question her. She will crack.
No way of saving Dendreon, every place you look there is a new thing. There is no way, RB and MG would have brought in Dendreon Board or EC or Sr. Leadership who could not have manipulate. They were all hand pick. The ones who questioned MG, RB, RR's ethics, were let go under the name downsizing or were fired. BW was an example.
New CEO is as corrupt. Wait and see.
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Let me ask you a question. I am now concerned by some things I have read about corporate law that Chief Compliance Officers are in charge of enforcing companies policy of freezing all documents and electronic communications when said company is under investigation. Is it possible that lots of incriminating evidence no longer exists due to going without a Chief Compliance officer for 4 months or do you know that feds have most important items?
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02-18-2012, 02:16 PM
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Re: Disclosure-Civil suits are watching for Disclosure on 27th
Quote:
Originally Posted by Anonymous
Neither new CEO nor company has any ethics. There is a possibility that company had manipulated their trial data due to lack of independent Steering Committe/IDMC for any of their trial. MG had forced CMO, MF who is a very weak person and biostatistician who was a Dendreon person and unblinded to share the information with him in advance of disclosing it to the public. This assured him to manipulate his number of shares, share this info with some of his close friends and relatives to buy shares before announcing the results.
Biostatistician since left Dendreon and now works in Boston for Sanofi.
Level of corruption in this company is so high that no one there cares what any lawsuit says or what Feds do.
If I were the attorneys in a civil lawsuite or federal agent, I would subpoena the biostatistician under oath, question her. She will crack.
No way of saving Dendreon, every place you look there is a new thing. There is no way, RB and MG would have brought in Dendreon Board or EC or Sr. Leadership who could not have manipulate. They were all hand pick. The ones who questioned MG, RB, RR's ethics, were let go under the name downsizing or were fired. BW was an example.
New CEO is as corrupt. Wait and see.
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Did KS crack? You said she was weak due to being on probation.
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02-18-2012, 05:32 PM
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Re: Disclosure-Civil suits are watching for Disclosure on 27th
Who is the biostatistician now at Sanofi?
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02-18-2012, 07:59 PM
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Re: Disclosure-Civil suits are watching for Disclosure on 27th
seriously people...move on
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02-18-2012, 08:16 PM
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Re: Disclosure-Civil suits are watching for Disclosure on 27th
Quote:
Originally Posted by Anonymous
seriously people...move on
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goodness gracious. what are your interests in stopping free discussion about atrocities. why do you care and why are you here? why do you come to a bulletin board that annoys you?
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02-18-2012, 08:22 PM
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Re: Disclosure-Civil suits are watching for Disclosure on 27th
Quote:
Originally Posted by Anonymous
seriously people...move on
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why don't you follow your own advice? shareholders do not want you on the board. you are a horrible memory. you bring absolutely zero value to dendreon now. you got your 60 million. ends justifies means right? why dont you follow your own advice and step down and move on? as owners of this company we do not want to be stuck with your legal bills. please follow your own advice.
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02-18-2012, 08:32 PM
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Re: Disclosure-Civil suits are watching for Disclosure on 27th
Quote:
Originally Posted by Anonymous
seriously people...move on
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The class actions are following this closely. Lots to be learned from this too. This case will be a textbook for first year law students on how not to run a company. What is your interest in telling people to move on? Explain why its so important to you for people to move on and maybe your suggestion will be greeted with more acceptance and understanding. If it really makes sense maybe people will take that advice.
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02-19-2012, 06:20 PM
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Re: Disclosure-Civil suits are watching for Disclosure on 27th
Quote:
Originally Posted by Anonymous
Who is the biostatistician now at Sanofi?
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Actually - i'd be interested in this too - I urgently need to contact her - Can anyone give me her name or point me in the right direction for finding her? [my gmail is aucunprobleme467 if you don't want to post this]
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02-19-2012, 08:01 PM
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Re: Disclosure-Civil suits are watching for Disclosure on 27th
Quote:
Originally Posted by Anonymous
why don't you follow your own advice? shareholders do not want you on the board. you are a horrible memory. you bring absolutely zero value to dendreon now. you got your 60 million. ends justifies means right? why dont you follow your own advice and step down and move on? as owners of this company we do not want to be stuck with your legal bills. please follow your own advice.
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Because this is a board intended for Dendreon Employees. Not shareholders that hold a grudge because they got burned. I am sure yahoo finance has a home for you. Give it a try. I am sure others there that share your frustrations. Maybe you can put together a support group, shine your guns, and hand out the contact information of the FBI special agent in charge to post on telephone poles.
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02-19-2012, 08:15 PM
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Re: Disclosure-Civil suits are watching for Disclosure on 27th
Quote:
Originally Posted by Anonymous
Because this is a board intended for Dendreon Employees. Not shareholders that hold a grudge because they got burned. I am sure yahoo finance has a home for you. Give it a try. I am sure others there that share your frustrations. Maybe you can put together a support group, shine your guns, and hand out the contact information of the FBI special agent in charge to post on telephone poles.
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Where on earth does it say this board is intended for Dendreon employees? If you can find that anywhere please post it here and maybe the 1 or 2 people people who aren't Dendreon employees will be respectful of your wishes. Stop fishing. This board is 99% Dendreon employees who know exactly what you did.
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02-19-2012, 08:59 PM
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Re: Disclosure-Civil suits are watching for Disclosure on 27th
Quote:
Originally Posted by Anonymous
Because this is a board intended for Dendreon Employees. Not shareholders that hold a grudge because they got burned. I am sure yahoo finance has a home for you. Give it a try. I am sure others there that share your frustrations. Maybe you can put together a support group, shine your guns, and hand out the contact information of the FBI special agent in charge to post on telephone poles.
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I was nice enough to follow your advice and look at the Yahoo Finance Message Board. Those people actually think the stock is going up 5 to 10 points at earnings. Those posts can not be real. Do they even know what COGS is? Or revenues? They also seem to think there are no legal issues as there is no mention of any. Do they know of the class action lawsuits at least?
I even took your advice and went a step further. I went to investors village. There seem to be intellectuals, scientists and lawyer types there and it is still all about legal troubles.
Here is a sample:
Re: On the Loncar proposal and missed guidance
"I am aware Gold's sales were made pursuant to a 10b5 plan."
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One more point, then I am done with this topic.
The fact of the matter is that it was possible for M Gold to suspend his 10b5 plan at any moment, as he did after the 8/3 debacle. That he did NOT before then knowing full well for at least 6 months that sales were amiss and that guidance was not supportive of what was indeed going on in the field tells us the greedy story of M Gold's self-interest of enrichment.
ANY argument noting the 10b5 plan to defend Gold is amiss, and only hides the facts of the case. IF they use this argument in any discovery/legal defense, Gold will be shot down summarily.
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02-19-2012, 09:30 PM
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Re: Disclosure-Civil suits are watching for Disclosure on 27th
i will add my own take to the 10b5 plan situation.
his plan stopped selling after the debacle but he didn't shut it down then. it stopped selling because he had a threshold in it to stop selling shares at a pre determined price.
that being said 10b5 plans were not created so people can get away with illegal insider trading. plenty of people have been convicted for insider trading while on 10b5 plans. they must be set up in good faith. was setting up this plan a month after that revenue guidance was first made public in good faith? lets hope this question comes up before a court of law so a jury can fairly decide that answer.
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02-19-2012, 10:08 PM
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Re: Disclosure-Civil suits are watching for Disclosure on 27th
Quote:
Originally Posted by Anonymous
I even took your advice and went a step further. I went to investors village. There seem to be intellectuals, scientists and lawyer types there and it is still all about legal troubles.
Here is a sample:
Re: On the Loncar proposal and missed guidance
"I am aware Gold's sales were made pursuant to a 10b5 plan."
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I'm afraid you are INCREDIBLY wrong in your impression of the investorvillage guys. They are absolute morons who twist every fact and spin every event as though it were positive. You just have to look at the pathetic non-logic of half the arguments they make to get past the veneer of intellect you thought you saw. A lot of the CareToLive guys spend all day on IV (and are either large holders themselves or funded by them) and still have the audacity to litigate and lobby against anyone who stands in the way of Provenge in the name of patients! I call BS: their judgment is completely clouded by the $$$ in front of their eyes. They see conspiracy theories behind EVERY 25c move in the stock price, and a Byzantine cobweb of ties between every person who's ever questioned the drug's efficacy. It's enough to diagnose some of them with delusions (of grandeur) and paranoid schizophrenia.
The IV guys spin the legal troubles as nothing to worry about, just like everything else. Do NOT take solace from ANYTHING you read there.
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02-19-2012, 11:15 PM
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Re: Disclosure-Civil suits are watching for Disclosure on 27th
Quote:
Originally Posted by Anonymous
I'm afraid you are INCREDIBLY wrong in your impression of the investorvillage guys. They are absolute morons who twist every fact and spin every event as though it were positive. You just have to look at the pathetic non-logic of half the arguments they make to get past the veneer of intellect you thought you saw. A lot of the CareToLive guys spend all day on IV (and are either large holders themselves or funded by them) and still have the audacity to litigate and lobby against anyone who stands in the way of Provenge in the name of patients! I call BS: their judgment is completely clouded by the $$$ in front of their eyes. They see conspiracy theories behind EVERY 25c move in the stock price, and a Byzantine cobweb of ties between every person who's ever questioned the drug's efficacy. It's enough to diagnose some of them with delusions (of grandeur) and paranoid schizophrenia.
The IV guys spin the legal troubles as nothing to worry about, just like everything else. Do NOT take solace from ANYTHING you read there.
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Ok that is very fair. Even the post I shared was a little bit wrong and I corrected it. You should see yahoo though. There is nothing for them to spin because the legal troubles are not even discussed by anyone there. Not looking for solace. I know what happened at Dendreon and if the criminal justice follows the letter of the law there will be convictions.
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02-19-2012, 11:20 PM
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Re: Disclosure-Civil suits are watching for Disclosure on 27th
Quote:
Originally Posted by Anonymous
I'm afraid you are INCREDIBLY wrong in your impression of the investorvillage guys. They are absolute morons who twist every fact and spin every event as though it were positive. You just have to look at the pathetic non-logic of half the arguments they make to get past the veneer of intellect you thought you saw. A lot of the CareToLive guys spend all day on IV (and are either large holders themselves or funded by them) and still have the audacity to litigate and lobby against anyone who stands in the way of Provenge in the name of patients! I call BS: their judgment is completely clouded by the $$$ in front of their eyes. They see conspiracy theories behind EVERY 25c move in the stock price, and a Byzantine cobweb of ties between every person who's ever questioned the drug's efficacy. It's enough to diagnose some of them with delusions (of grandeur) and paranoid schizophrenia.
The IV guys spin the legal troubles as nothing to worry about, just like everything else. Do NOT take solace from ANYTHING you read there.
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I didn't look very long. I saw posts regarding legal troubles and it was more impressive than Yahoo Finance which looks like its all kids playing with milk money or people paid 2 cents a post to spin it. I saw predictions of 5 and 10 point rises in the share price later this month with no discussion of COGS or massive legal problems.
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02-19-2012, 11:25 PM
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Re: Disclosure-Civil suits are watching for Disclosure on 27th
Quote:
Originally Posted by Anonymous
Because this is a board intended for Dendreon Employees. Not shareholders that hold a grudge because they got burned.
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Are Dendreon employees not shareholders who got burned?
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02-20-2012, 08:32 AM
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Re: Disclosure-Civil suits are watching for Disclosure on 27th
Quote:
Originally Posted by Anonymous
Actually - i'd be interested in this too - I urgently need to contact her - Can anyone give me her name or point me in the right direction for finding her? [my gmail is aucunprobleme467 if you don't want to post this]
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Can anyone help me on this?
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02-20-2012, 07:43 PM
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Re: Disclosure-Civil suits are watching for Disclosure on 27th
Quote:
Originally Posted by Anonymous
Where on earth does it say this board is intended for Dendreon employees? If you can find that anywhere please post it here and maybe the 1 or 2 people people who aren't Dendreon employees will be respectful of your wishes. Stop fishing. This board is 99% Dendreon employees who know exactly what you did.
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Just underneath the Cafepharma logo. On the home page it reads for Employees and healthcare professionals. The intent for employees to discuss their workplace issues.
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02-21-2012, 03:04 AM
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Re: Disclosure-Civil suits are watching for Disclosure on 27th
Quote:
Originally Posted by Anonymous
Just underneath the Cafepharma logo. On the home page it reads for Employees and healthcare professionals. The intent for employees to discuss their workplace issues.
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Fair enough. Maybe the few non-employees will stop posting. Hope you aren't a hypocrite whoever you are. If you are ever banned from the industry or imprisoned you would join the ranks of the non-employees and I hope you would also preclude yourself from posting here.
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02-22-2012, 07:08 PM
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Re: Disclosure-Civil suits are watching for Disclosure on 27th
Company just announced that they moved up the conference call on the 27th to 9am from 4:30pm. A conference call at 6am here in Seattle? Interesting.
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02-22-2012, 07:41 PM
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Re: Disclosure-Civil suits are watching for Disclosure on 27th
Quote:
Originally Posted by Anonymous
Company just announced that they moved up the conference call on the 27th to 9am from 4:30pm. A conference call at 6am here in Seattle? Interesting.
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Reading these boards and strategizing disclosure imo. They changed days and now times.
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02-22-2012, 08:29 PM
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Re: Disclosure-Civil suits are watching for Disclosure on 27th
Quote:
Originally Posted by Anonymous
Reading these boards and strategizing disclosure imo. They changed days and now times.
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I see really dumb people on stock boards wondering why they would wait until earnings to disclose investigations if there are investigations. These type of things are disclosed on company filings. Earnings day will be the next company filings. They may not even mention it on the earnings call.
I thnk if possible investigations are taking place and will be disclosed in company filings they want regular trading to follow instead of after hours where anything can happen. This is so surreal. They are probably reading this board and making decisions based on the legal minds here.
I can not think of any other reason they would make this switch to 6 am in the morning Seattle time. Many who have a bit of a drive will have to wake up at 4:30. Why would they inconvenience themselves so much.
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02-22-2012, 08:34 PM
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Re: Disclosure-Civil suits are watching for Disclosure on 27th
Quote:
Originally Posted by Anonymous
Why would they inconvenience themselves so much?
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Maybe they make the company filing online in the middle of the night. Say nothing verbally at earnings and maybe they think this minimizes damage to stock price a few hours later when someone points out that its in the filing.
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02-23-2012, 02:48 PM
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Re: Disclosure-Civil suits are watching for Disclosure on 27th
They will not disclose any investigation. Ignoring all there is and has been said in this board.
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02-23-2012, 05:07 PM
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Re: Disclosure-Civil suits are watching for Disclosure on 27th
Quote:
Originally Posted by Anonymous
They will not disclose any investigation. Ignoring all there is and has been said in this board.
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It does seem like they are ignoring everything going on around them because they have remained just as corrupt after August 3 even up to this day.
Regarding Disclosure I saw this in a powerpoint presentation online. It says the following situations REQUIRE disclosure and I don't think thay are right when they say REQUIRE, but it is prudent. See item 5. If not disclosed on Monday then investigation may just be at informal stage
Examples of Matters Requiring Disclosure?
1. Underlying facts require a restatement of financials
2. Investigation discovers a material weakness in
internal controls
3. Misconduct by senior management or directors
4. Violation of laws
5. Formal Investigation by Federal Agency
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02-23-2012, 05:30 PM
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Re: Disclosure-Civil suits are watching for Disclosure on 27th
Quote:
Originally Posted by Anonymous
They will not disclose any investigation. Ignoring all there is and has been said in this board.
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I also think they will disclose because of item b below:
There is no controlling legal authority on whether a corporation is required to disclose the existence of an investigation, but a corporation should consult with counsel about whether disclosure is advisable. That may be the case in a number of circumstances, including: a) when the corporation and/or employees with knowledge of the investigation intend to buy or sell company stock; b) when the fact of the investigation becomes broadly known to third parties; and c) when the existence of the investigation makes any previous company disclosures materially misleading.
b) when the fact of the investigation becomes broadly known to third parties
Everyone who was interviewed and everyone those people told they were interviewed is a pretty broad group that could number in the 100's if not the thousands. I see disclosure on Monday morning.
In my opinion it is why they cancelled the other conference and why the moved earnings to before the other 2 conferences. New CEO might want full transparency for investors before any more conferences.
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02-23-2012, 09:06 PM
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Re: Disclosure-Civil suits are watching for Disclosure on 27th
So if following item:
b) when the fact of the investigation becomes broadly known to third parties
Is correct. Then, it does not specify, if investigation is caused as a result of federal or civil issues. Civil lawsuites are obviousely have been disclosed.
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02-23-2012, 11:26 PM
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Re: Disclosure-Civil suits are watching for Disclosure on 27th
Quote:
Originally Posted by Anonymous
So if following item:
b) when the fact of the investigation becomes broadly known to third parties
Is correct. Then, it does not specify, if investigation is caused as a result of federal or civil issues. Civil lawsuites are obviousely have been disclosed.
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Federal. Watch for filings on 27th. I could be wrong that disclosure will be in filings on 27th but I really think I am right.
Once again, they do not have to disclose informal or formal federal investigations. I think they will be due to the fact that too many people already know, due to the fact that they cancelled a conference last week and moved earnings up 2 days to precede these other 2 conferences. I think new CEO is conservative and wants full disclosure for investors before any more conferences. It may not even effect stock price too much because not many people understand the severity of what losing a criminal case means to the value of the company with respect to liability in the civil cases. IMO it reduces takeover premium by over a billion dollars. That would be about a 15% return of money to the class suit after lawyers are paid. Thats a very conservative estimate.
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02-25-2012, 02:12 PM
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Re: Disclosure-Civil suits are watching for Disclosure on 27th
Criminal enterprise may be about to be revealed.
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02-25-2012, 06:32 PM
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Re: Disclosure-Civil suits are watching for Disclosure on 27th
Agreed.
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06-13-2012, 02:12 PM
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Re: Disclosure-Civil suits are watching for Disclosure on 27th
Quote:
Originally Posted by Anonymous
Let me ask you a question. I am now concerned by some things I have read about corporate law that Chief Compliance Officers are in charge of enforcing companies policy of freezing all documents and electronic communications when said company is under investigation. Is it possible that lots of incriminating evidence no longer exists due to going without a Chief Compliance officer for 4 months or do you know that feds have most important items?
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Yup - illegal, but possible (likely?). Bill Waller was above board, so he was let go with a bunch of others who were honest and smart and followed the law. What happened during 4 months before the worthless Ayers came on as compliance expert. (Ha ha - expert?) What happened after Ayers came on? If his history continues, he'll only be at Dendreon for a year or two, so he's a perfect yes-man. Hope feds are looking into his past and present. Where there's smoke there's fire.
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06-13-2012, 02:47 PM
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Re: Disclosure-Civil suits are watching for Disclosure on 27th
Quote:
Originally Posted by Anonymous
Yup - illegal, but possible (likely?). Bill Waller was above board, so he was let go with a bunch of others who were honest and smart and followed the law. What happened during 4 months before the worthless Ayers came on as compliance expert. (Ha ha - expert?) What happened after Ayers came on? If his history continues, he'll only be at Dendreon for a year or two, so he's a perfect yes-man. Hope feds are looking into his past and present. Where there's smoke there's fire.
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We already know the Feds are investigating. Hopefully next few months bring arrests. MG, GS, RH, HB, RR, DB and rest of board should all be held to account.
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