...would the proceeds of such a deal benefit current shareholders who have witnessed or are affected by the bankruptcy and delisting of the stock? Generally, it's only bond holders who are not adversely affected by bankruptcy, at least not as much as shareholders. I'm just confused as to why there is so much interest in whether there's a buyout.
Anyone cares to elaborate?
Just like Wall Street analysts used to tell us dndn was the next best thing to dollar bill itself, there are people here directing everyone to their boiler-room website. Question is, does anyone really fall for this nonsense
Thanks James for a comprehensive take on what all of this means to current holders of common shares. Unfortunately the prospects are as dim as it gets which basically is what company's agenda is--minimizing their losses by sacrificing shareholders. However, "whatsgoingon55" raised an important point that, despite the company's assurances earlier this year of meeting their debt obligation up to 2015, we have the unexpected filing of chapter 11 bk, yet we haven't seen a barrage of lawsuits as you would expect. Why do you think that is?
...a result of the chapter 11 bk? If that is the case, how does what I read on this board reflect that fact? Why are people busy discussing what might happen with the stock at the OTC? Shouldn't we be concerned why stocks we bought at $30 & $40 plus have been declared worthless. Shouldn't we be concerned that shortly thereafter the same company would turn around and start trading again, only without us, at least not with the shares some of us have held for 3 years now.
What is all this discussion that centers around what might happen to the stock when delisted? What good is delisted stock to people who have lost a ton of money through no fault of theirs?
DNDN is upgraded by an outfit called ROTH. Basically being rewarded for (legally) throwing shareholders of common stocks under the proverbial bus. There is something fishy about all of this.
Thanks for enlightening us--and the takeaway from the three scenarios frankly is we shouldn't hold our breath. I feel violated, and I wouldn't be surprised if most/every common shareholder feels the same way.
Here is what I posted exactly 2 months ago, really hoping my fears wouldn't become a reality--and here we are.
Are there any scenarios under which we can come out of this chapter 11 BK without being totally wiped out? Please give real life examples if you may. Thank you!
We loose everything we invested in DNDN through no fault of ours, but then the company immediately turns around to issue new shares to new investors. How the hell is any of this equitable? How in God's glorious name does any of this pass as fair? Our only mistake was to believe in the garbage and hype that was fed us by the company (during IPO) and the market there after. I just do not understand how any of this makes sense.
What is portrayed by johny orca is the latter. As painful as it is to have lost our "little" retail investor capital by investing in DNDN (and by the way, I disapprove the concept of throwing shareholders under the bus as a strategy for balancing the company's bottom line) that should not be an excuse for coming across as johny orca does.
We are the only ones loosing everything. The business gets restructured, the product (Provenge) will still be marketed, and shareholders are left holding the bag--something is not right with that picture.
This is one the flaws with the system, the fact that people who bought stocks believing in the company are the first to be thrown under the bus when things don't work out. I said numerous times and I'll say it again, greed is the reason this Provenge project has failed so far.
Well, everything was rosy so, what accounted for the merciless sell off? You see, what it means is that the sell-off will go on no matter how well a company performs.
...especially if there is a chance this would get any better sometime in the future, but the question remains whether the company will be able to survive the current debt situation, or for that matter, if it even wants to. The eerie silence on the part of management does not boost confidence at all.
Someone compared dndn current dilemma to Elan pharmaceuticals in the early 2000 and I find that encouraging except the dynamics may not be identical. Don't get me wrong, there's nothing I would rather do than to add to my position to lower my cost average since I am one of those who bought very high, but I am concerned about chasing after bad money with good money.
How did that moronic forecast work out for you. Thank Goodness I can easily put you on ignore right after I finish typing this post.
Or even more cost effective...put the guy on ignore and you will not have to deal with him again. Genius ha! You welcome.
Some boiler room analyst outfit started the recent decline by downgrading it ironically on the day the stock was poised to go higher due to the security breach suffered by JPMORGAN. But you guys already know that. Question is, how is it not fraudulent when these people would create falsehood, spread it around so they can short stocks, and nothing is done by the SEC or other relevant agencies. The whole stock market thing looks more and more like a racket.
When it doesn't make sense, when every stock takes part in it including those that didn't participate in the multi year rally. How does feye, fran, clf, dndn, to name just a few continue to crash in the name of correction when crashing is all they did in the past 5 years.
I doubt it if any other greedy s*b would in the future go it alone when he lacks the knowledge that is necessary to market a product. That's what happened here, greedy got the better of Dndn founder when he failed to seek help from established pharma companies. All of us that bought stocks became pawns. Greedy is a disease.