If and only if shareholders started a riot and demand ethical, responsible and honorable conducts. Hiring a 71 year old man who took the option to retire less than a year ago is beyond negligence and breach of fiduciary duties! Do they have any idea what kind of damages they are making, starting tomorrow's tradings???
This company is obviously not working for the interest of shareholders. Playing dumb and deaf for years and ended up with this kind of s#itz????
Façade? Is that even ethical or morally right, after they allowed the stock to drop from $50 to $2???
After three years of failures to perform, did JJ deserted shareholders like he did to SVNT's? Did JJ resign because his demand for a raise and more free shares got rejected?
For Christ's sake, he is 71 years old!
What the hell is the BOD thinking?????
Is anyone interested in cashing out to hire the best lawyer to sue this company? Never mind with that idea, they don't have any asset to sue for...
If you look at the bright side of things, Mr. Thomas does not have much time to live and be greedy like the @33hole, JJ. If he cheats shareholders like JJ has, he will get a one way ticket to hell.
Let's hope and pray that he is not senile and can be bought like JJ!!!
John Johnson gave all the other executives the option to resign to reduce costs. He refused to take a salary cut and took the resignation "option" instead. BOD "begged" him to stay a little longer until they find another CEO. Understandably, no one wanted to be associated with a loser, especially from a company with no money. BOD hired a Fortune Cookie Company that fabricates financial advices (same one that JJ uses in the last three years!) and lucked out with a RETIRED 71 YEAR OLD who would do the job for free, just to avoid boredom.
Shareholders, I think a new nightmare is just starting.
The election of the new CEO, who comes from a $1.61 company (DSCO) is intended to make the next move less pessimistic (I am afraid the mickey mouse bandage isn't going to make the pain any less). Guess what the next move is for the new CEO? How do you suppose he will run the company in the next two to three years without any cash left??? The BOD is truly a bunch of MORONS!!!
His plan was to DEVALUE the company so he can sell it to his master (JNJ, perhaps) for an obscene cheap price. Just like all his plans, it failed! BOD decided to fire him because they don't think it make sense to sell it so cheap. They will soon do a secondary offering to salvage "their careers' and "personal interests". In summary, shareholders will continue to suffer this cancerous company until it goes BK. This company is full of morons and they will never be able to fix what they broke, ALONE!!!
What a waste of ten years and billions of dollars! They surely prove stupidity and arrogance don't mix. Buy out is no happening because they know they can't get a job anywhere else!!!
Why would anyone want to ruin their good reputation and be associated with a LOSER!!!
All the executive @ssholess resigned early so they could sell their free shares without reporting to anyone! JJ, the Cr##k planned it that way, so they can hook him up with another job as a returned favor.
Next earnings will be nothing more than another confirmation of what a bunch of MORONS they are!!! What kind of a moron would to go Europe to do business with no money to spend!??? The arrogant and proud Europeans are spitting in their faces for such insults. LOL
In summary, your company had your chances to prove yourselves and you failed shareholders for too long. Let's give Provenge a fighting chance to not turn obsolete by selling what Dendreon to BP with enough money and more diversified products to spare! Let's swallow our prides and start doing the right things for shareholders and prostate cancer patients! For the sake of shareholders and all prostate cancer patients, please sell the company!
Mr. Angry Shareholder
The company was on the right path, but wrong business concept. If Provenge can be administered in early stage of cancer, then the company wouldn't be losing money like it has in the last FOUR YEARS. Unfortunately, Provenge is what they called PLAN Z. Unfortunately for Deadreon, PLAN "A" must always be used first.