Saul Sterman

Dendreon: I Want the Truth

There are many conspiracy theories afoot. This is natural when there has been such a large movement both upwards and down again in a stock. A lot of people are hurting badly and many have wittingly or unwittingly profited from what has transpired.

The bottom line is that all of theses theories, even if true, are short lived.

The FDA is not the only game in town. The FDA knows this, DNDN knows this, brokers know this and so do the hedge funds. Competition is the best remedy for conspiracy.

If you believe the company, and believe the product to be viable, then DNDN will go to the EU or Japan. Once approved there, it is just a matter of time before it is approved in the US. Likewise, the EU and JP are not the only games in town. Imagine if you will that the Israeli Ministry of Health approves Provenge and it is used successfully for two to three years. US patients start going to Israel for treatment… do you get the picture?

I am not saying that this is the case here, but you should follow DNDN's actions. If they start the process from scratch in another country with a respectable reputation, you will know the answer. If it looks like they are going to succeed, the FDA will not want its reputation tarnished and will come around.

Patience is the key. If you believe in the company and product, you have a second chance to get a piece of the action. If you don't believe the company, then stay away. You can only get hurt when the bullies play (if this indeed is the case).