Shares of Dendreon (DNDN) are trading lower after hours on unconfirmed rumors that the SEC has...

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Adel.Nashville Comments (47)
 
If " the company did disclose a formal SEC probe in its May 7th 10Q filing",
What is the new to justify the title " the SEC has opened a probe on the company's disclosures. " ?

I would understand if the probe was not disclosed, but not if it is already known!

16 May 2012, 06:04 PM Reply Like

Theodore Cohen Comments (1695)
 
http://1.usa.gov/JTYFDI
The Company has also become aware that the Securities and Exchange Commission (“SEC”) has commenced a formal investigation, which the Company believes may relate to some of the same issues raised in the securities and derivative actions. The ultimate financial impact of these various proceedings if any is not yet determinable and therefore, no provision for loss, if any, has been recorded in the financial statements. The Company has insurance that it believes affords coverage for much of the anticipated costs of these proceedings, subject to a $1.5 million self-insured retention and the policies’ other terms and conditions.

What a bunch of idiots. It’s been out since May 7. Gosh…do ya think it’s options expiration week?

The shills in the press must be working overtime.

This is getting tiresome. I guess a note to the SEC Enforecment Division, FINRA, and the US Attorney's Office is in order.

Ted
16 May 2012, 06:31 PM Reply Like

Walkingwounded Comments (203)
 
Ted, don't waste your time with the SEC, they first would need to take their heads out of their anus'. If that ever happened they should work on illegal short sales and failure to delivers..That would restore some confidence back in the market. Those pea brains do not realize that they are putting themselves out of a job by ignoring these problems, cause the public will not invest! I call them shi t for brains but what good would it do.
17 May 2012, 01:11 AM Reply Like

Walkingwounded Comments (203)
 
PS get rid of decimalization and go back to whole cents. Wall street is rigged and what chance do you have when someone seems to be able in milli seconds to have an order .0001 ahead of you.
17 May 2012, 01:14 AM Reply Like

busterpanda Comments (45)
 
Ted, Send your seeking Alpha summary to every senator/represenative in DC and see if anyone if willing to investigate.
17 May 2012, 04:47 AM Reply Like

Theodore Cohen Comments (1695)
 
You're certainly welcome to do that. I can't fight this battle alone.

And by the way, I've been sending material out for five years...to Washington, to the press, to the media...and nothing, except for some sophomoronic articles in The Washington Post and the Boston Globe in 2007. Investigative journalism in this country not only is an oxymoron, it's dead and done. Put a fork in it.

Ted

PS: One exception...Sen. Chuck Grassley, who demanded an investigation into the DNDN Bear Raid of April 2009. It's been 3 years, and despite the SEC's statements that an investigation is underway, we have yet to see anything. I'm not holding my breath. T
17 May 2012, 08:14 AM Reply Like

billchristie Comments (20)
 
With this molecule, the stock should be flying. I've never seen so much dirt scraped from the corners of a room to end up blinding the eyes of so many well informed occupiers.
16 May 2012, 07:14 PM Reply Like

Theodore Cohen Comments (1695)
 
There are a lot of people in Big Pharma and on Wall Street that want to see Dendreon put out of business. Follow the money...immunotherapy has the potential to turn the cancer treatment world upside down.

Some day, the truth will come out about the circumstances surrounding the Provenge Advisory Committee meeting of March 29, 2007, the leaked letters, the conflicts of interest of two people on the AdCom, the seven hedge funds that had significant counterintuitive trades, and so forth. Lots of people know what happened. And you know what Ben Franklin said: Three may keep a secret, if two of them are dead.

Sooner or later, a whistleblower is going to step forward, and the whole thing is going to blow up in the government's face. It will make Madoff look like a Sunday school picnic.

Ted
16 May 2012, 07:48 PM Reply Like

Lawrence Marc-Aurele Comments (88)
 
>"Some day, the truth will come out about the circumstances surrounding the Provenge Advisory Committee meeting of March 29, 2007, the leaked letters, the conflicts of interest of two people on the AdCom, the seven hedge funds that had significant counterintuitive trades, and so forth. Lots of people know what happened. And you know what Ben Franklin said: Three may keep a secret, if two of them are dead.

What, as far as you know, happened on this March 29, 2007 meeting? Is this Provenge Advisory Committee in any way involved in the decisions reached by DNDN's IRBs (institutional review boards)?

Larry
16 May 2012, 11:43 PM Reply Like

Theodore Cohen Comments (1695)
 
I suggest you read the DeepCapture story on Dendreon and/or purchase Mark Mitchell's book "The Dendreon Effect."

Ted

see http://bit.ly/8JtvOv and look at the top for the Dendreon story.
17 May 2012, 08:14 AM Reply Like

867046 Comments (399)
 
It's critical that senior operations and sales guys deliver in the next 2 quarters. Once DNDN approaches breakeven, small fluctuations in the day-to-day DNDN narrative such as the above story, will be background noise.

Roughly, 1000 people per quarter are being treated. As more and more people get treated, there will be a tidal wave of good efficacy data.
17 May 2012, 02:19 AM Reply Like

busterpanda Comments (45)
 
Why doesn't the sec look into thoses bear raids and naked short seller friends of Michael Milken who have been ripping this company apart for years.
The SEC was at the Money Show a few years ago, and I mentioned this to the agent and she had no interest in looking into anything illegal being done against DNDN.
17 May 2012, 04:44 AM Reply Like

Theodore Cohen Comments (1695)
 
Good question...I am at a total loss as to why the SEC has failed to investigate what happened. Moreover, I'm puzzled as to why the IG at HHS has failed to open an investigation. I'm led to conclude one or two things (or both): gross incompetence starting at the highest levels of our government, or the perps have the government in their pocket, or both.

Ted
17 May 2012, 08:19 AM Reply Like

busterpanda Comments (45)
 
Why doesn't DNDN pick up the phone and call their Washington State senators and local congressman and use their leverage to complain about the FDA and the SEC, and the local newspaper?
I can't believe DNDN can't get their side of the story into the local newspaper.
Nothing like local publicity to get politicians to act. They seem to like getting beat up, and those doing the beating will until DNDN fights back.
18 May 2012, 03:04 PM Reply Like

Theodore Cohen Comments (1695)
 
How do we know thay haven't done that. I have no idea what actions the corporation may have taken or is taking.

Ted

PS Did you see my piece today:

http://seekingalpha.co...
18 May 2012, 04:29 PM Reply Like

busterpanda Comments (45)
 
I haven't seen any press conference with Senator Maria Cantwell and Patty Murray on CNBC castigating the SEC for not investigating all the nefarious shenanigans being done against DNDN. A modest political contribution, a smart public relations department, cooperative local newspaper willing to support local business against east coast hedge fund criminal market manipulation. Dendreon is in a war with a with their hands tired behind their back.. The SEC and HHS and the FDA respond to public pressure. I hope DNDN reads these posts, and hires a PR firm who knows how to fight back. They should be working to expand their technology to cure other cancers. Its important that their enemies be taken out.
22 May 2012, 03:48 AM Reply Like

Theodore Cohen Comments (1695)
 
With all due respect, the SEC, HHS, and the FDA have thumbed, are thumbing, and will continue to thumb their collective noses at Congress and the American Public until something horrific blows up their faces. By then, it will be too late.

Neither the financial meltdown of 2008 nor the Madoff scandal brought changes to Washington and Wall Street. The banksters bought our government, and corruption is the word for the day.

Ted
22 May 2012, 07:33 AM Reply Like