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Dendreon Anonim Ortaklik Message Board

  • noradeen3940 noradeen3940 May 23, 2013 2:55 PM Flag

    i have a feeling a public offering of shares coming soon for dndn

    this would be the oppertune time for dndn to do it sustain the future for them...then buy low into possible EU approval and or decent earnings to push up the pps into the future..

    Sentiment: Hold

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    • there are 55 million shares short for a reason!!!!
      just keep shorting; johnson will make you rich

      Sentiment: Strong Sell

    • DNDN has $337 million cash on hand with quarterly burn rate of $50 mil. This should last them for at least 6 quarters even without taking into account cash flow from sales.

      Sentiment: Strong Buy

      • 2 Replies to havenger2001
      • not exactly. the company cannot burn through $50-70M each quarter and wait till their wallet is almost empty to raise cash. it doesn't work that way. investors and analysts are already very concerned about whether provenge can fight back against competitors after this latest quarter. if management waits too long to replenish cash the stock price will be so low that any share issue would effectively wipeout existing shareholders. floating another 150M shares right now (today) at $3 would bring them (after expenses) approx $400M... enough cash to survive until 2015. but if they wait until december to raise cash, i can assure you the stock will already be under $2 in anticipation of the share issue and they will need to offer 300M shares at $1.50 or below to raise the same cash. time is extremely critical...

      • george4777 May 23, 2013 8:23 PM Flag

        That is if their accounting is 100% right on....I'm sure not certain it is, everything else with DNDN is a mess, why should their accounting be much better...yeah, I'm long but sure not buying more shares.