the deal is done then.
Bagholders, just keep your worthless paper as souvenir.
Bagholders, just keep your worthless shares as souvenir after the shares are Wiped OUT !
Valeant Pharmaceuticals (VRX - Get Report) announced late Thursday a tentative deal to acquire the assets of Dendreon -- mostly its prostate-cancer vaccine Provenge and manufacturing facilities -- for $296 million in cash.
Dendreon filed for Chapter 11 bankruptcy protection in November because Provenge sales of around $300 million annually were not sufficient to generate profits or repay $620 million in convertible debt due next year. The bankruptcy wiped out Dendreon's equity shareholders. If the Valeant deal goes through, even Dendreon's creditors will be only partially repaid.
DNDNQ will be shut Down, Forever!
Keep your DNDNQ paper as souvenirs if you like.
the deal talk has been actually going on before and DNDN knows it only 1 company is interested in it and its offer.
Since the company has warning many times, that has told : Don't blame anybody if you lose everything when the Shares are Cancelled.
will be Cancelled and Wiped out by Feb 10 when the deal is done, as said.
You'll lose all, then!
If VRX buys its Provenge Rights worldwide, DNDNQ has nothing left and will be shut down.
The pumpers know it and are worrying very much that all the shares are going to be Cancelled and Wiped out before they can sell to some naives!
The Common Shares are worthless Nothing at all, and will be Cancelled and Wiped Out totally as the company has repeatedly stated many times. LOL!
The pumpers going to lose everything!!!
DNDNQ, share cancellation coming fast and shortly than you expected.
Are you blind or Moron? it's going Bankruptcy, definitely!
CDVI has accumulated Huge debts and Never made a penny.
Go read the pr, boy. Bankruptcy coming shortly! It's finished!
Wow! another no-brain pumper! You buying their 1 penny shares, then it's going to Zero when suspended, LOL!
Oil-and-gas contractor Cal Dive International Inc. is preparing for a potential Chapter 11 bankruptcy filing that could come as soon as the next few weeks, people familiar with the matter said, as the oil-price rout exacerbates the company’s business challenges.
This company has Never made a penny but just accumulated Huge Debts and Losses. It's finished totally!
their worthless shares, CDVI filing bankruptcy shortly.
It's Never made a penny but has huge Debts.
You'll lose all.
about the bidding very much. Or, bidding prices are too low. LOL!
As the company has been repeatedly stating that its shares will be cancelled without any recovery, the cancellation is coming any time.
be cancelled without any recovery.
Cautionary Statements Regarding the Chapter 11 Cases
The Company's securityholders are cautioned that trading in the Company's securities during the pendency of the Chapter 11 Cases will be highly speculative and will pose substantial risks. Trading prices for the Company's securities may bear little or no relationship to the actual recovery, if any, by holders thereof in the Company's Chapter 11 Cases. Accordingly, the Company urges extreme caution with respect to existing and future investments in its securities. The Bankruptcy Court has entered an order that places limitations on trading in the Company's common stock, including options and certain other rights to acquire common stock, and certain instruments convertible into common stock, during the pendency of the bankruptcy proceedings.
A plan of reorganization or liquidation will likely result in holders of the Company's capital stock receiving no distribution on account of their interests and cancellation of their existing stock. If certain requirements of the Bankruptcy Code are met, a Chapter 11 plan can be confirmed notwithstanding its rejection by the Company's equity securityholders and notwithstanding the fact that such equity securityholders do not receive or retain any property on account of their equity interests under the plan. The stand-alone plan of reorganization provided for under the Amended and Restated Plan Support Agreements entered into by the Debtors and certain holders of the Company's 2.875% Convertible Senior Notes due 2016 contemplates no recovery for the Company's equity securityholders.
Sentiment: Strong Sell
he could Dump his worthless 20 Million shares.
APPG was another busted Dodi Handy (Miami-area paid promoter) P&D. Issued shares went from 7 million to over 29 million, and they've noe added another 4.5 million in their stock plan.
The insider is the same theft of DIMI, which was a Scam and Suspended by SEC. APPG is his another Scam and will be suspended by SEC soon.