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Dendreon Corp. Message Board

  • adeiflig adeiflig Feb 1, 2009 12:44 AM Flag

    INSOLVENT...???

    The earnings report that will be released in February confirm that DNDN is insolvent?

    In September quarter they had shareholder equity of $ 13 million. This quarter in December they are predicting a loss of 20 cents per share or about $ 20 million.

    This would mean that DNDN will have a shareholder deficit, being unable to pay all of its liabilities or insolvent.

    Will the company not be in default of its long term loan terms? I am certain that the holders of this long term debt want the company to maintain some type of ratio's.

    This has been reason for selloff and why price target is $ 1/share.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Dendreon long term notes are secured by warrants for preferred stock, and other failsafe tangibles. Dendreon has a rented warehouse in Hanover for a shade of collateral. Should all fail, bankuptcy wipes the slate clean.

      Dendreon has nothing of value to offer, so the officers can walk away to start another con game soon elsewhere.




      [Will the company not be in default of its long term loan terms? I am certain that the holders of this long term debt want the company to maintain some type of ratio's.-adeiflig]

    • You can't be serious. The most idiotic post in quite awhile. Get accounting or investing for dummies, alice.

    • your just another short putting garbage on this board to support your short position. DNDN has an open line of credit that can provide over 100 million if needed. Provenge is going to be approved. They need 22% or better by the late March announcement, my prediction they will show a 30% increase. Approval of Provenge.

      • 1 Reply to ver107ac
      • I didn't say that they don't have cash. They have $ 100 million in the bank or short-term however, their liabilities when they report will show that the firm is insolvent, more debt than assets.

        It will be the first time that the company will be in an insolvent position. Borrowing more from a bank will not help its balance sheet since they will have new debt, with cash drain.

        What they need is infusion of capital, shareholder equity. All of this will depend on results of provenge. If mark is not hit, company files for bankruptcy.

        JMHO

 
DNDN
1.03-0.01(-0.96%)Oct 24 4:00 PMEDT

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