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I am not sure, but I think the court will lay out the timetable for payments to all parties. You will know if shareholders get any monies and the payouts after the court finalizes the deal. GLTU
The shares will be cancelled after the auction is finalized. There won't be any shares trading with the DNDN ticker. There will not be stock swap. If the final price is in excess of debt the shareholders will be paid in cash. I hope this answers your question.
Any bid over $620M puts shareholders in the money. Current O/S is 160M. You can do the math from there. Starting auction bid is $400M. Good luck.
Please respond to the Eddy poster. He just post gibberish and will never reply to any direct questions.
Bids will be accepted on February 10th, the auction date. The final bid amount and winning bidder will be announced by the court on February 12th. The auction will be begin with a starting bid of $400M. Good luck.
Please don't respond to this poster. Everyone knows that he has issues and his postings are nothing short of someone rambling about nothing. He posts nonsense here all the time. Just put him on ignore and your life will be very relaxing.
So, are you selling your DNDNQ shares at the open? I don't understand? People were saying the fact that DNDNQ did not have a stalking horse meant no one was even interested to make the minimum bid of $275M. Now DNDNQ has a minimum bid of $296M and people think this is bad? You can't have it both ways. Lets see how it opens tomorrow. The street will let you know if this opening bid is good or bad. Follow the money.
First, this the opening bid to put BP on notice.
This is just for Provenge and other certain assets.
Pursuant to the terms of the agreement, Valeant will acquire the world-wide rights to Dendreon's PROVENGE(R) (sipuleucel-T) product and certain other Dendreon assets.
What about other assets (e.g. the current phase III trial candidate) and other assets? They are worth something.
Also,
From PR:
Valeant will acquire the world-wide rights to Dendreon's PROVENGE® (sipuleucel-T) product and certain other Dendreon assets.
From docket 282:
Total Assets: $ 342,783 is not part of the deal.
VRX offer is 342M+296M=638M.
Anything more belong to shareholder.
Check the document and bring in your thoughts.
I am confused???? A couple days ago, you said bidding would not reach $400M. Now you are saying $1B. Did you change your mind or are you just playing on this board?
Gary (et al) , I really feel bad for you and the other guys. Have you guys thought about selling before another R/S? If you sell now, it will cost you the cost of the trade plus the value of the shares. However, when there is another R/S and there will be another one, you will actually owe the transfer fee of $20 and still pay for the trade. So your accounts will be in the negative. Selling now saves you the $20 charge. Just a thought. GLTU
So what do you think will happen now that the A/S is maxed? Do you think they will increase the A/S to lets say 10B or a R/S? Pick your poison. MELY will still dilute and in order to dilute, they must either increase A/S or R/S. I hate people who don't live in reality. I want the stock to go up as much as anyone, but I also live in the real world.
Yes, Brett did say that to me in an email. I have been lurking in background and I am still holding my lottery tickets. BTW, what do you think will happen once the A/S is maxed? MELY
So according to the 8K, 6.4B issued and outstanding shares. With today's dilution, MELY must be close to the maximum 7.5B Authorized. So from here there can't be that many if any shares available to dilute. So MELY can increase the A/S and/or I hate to say it, but a R/S looks like the only other alternative. Either one of these scenarios will be a tough pill to swallow, but we all know one of these events have to happen at this point. I would expect an announcement or SS filing this week. Thoughts????
So your only argument is that the current PPS is too low for anyone to bid over $400M otherwise the PPS would be higher at this point? That argument is total nonsense! It doesn't make sense! There are over 40 entities signed up to bid and 2 have already placed a bid. If your argument had any validity, DNDN would have a stalking horse bidder. The fact that there is no stalking bidder indicates DNDN is certain the bids will surpass the $620M figure. After reading your posts here and on YMB, I have concluded you are indeed a soft basher.
The information you provided is exactly why I am accumulating shares each month. This price is a no brainer; however, you cannot be impatient here. Just accumulate, hold and sell for a profit. I hope the PPS stays under $1.40 for another 6 months. GLTU. ETRM.
You know the street is a master of misdirection. The games they play always leave the little guys out. As soon as you think you understand the game, they change it. A few years ago, you could make some money on BIO's leading up to and upon approvals. Now after approvals, they pop a little and sell off hard and 6 months to a year rebound significantly. You are seeing a misdirection with DNDN. How many people lost a ton in the 90 second sell off a few years ago on DNDN? That was an interesting play by the street to hurt the little guy and make a killing at the same time. No one saw that coming because it new. They always change it up so the little guy makes little or no money. Right now the street is saying, DNDN is a .15 cent stock and there is nothing going on here. It amazes me how people chase stocks. Now is the time to buy when no one is looking. GLTU.
John Legend, I concur 100%. As Sara Blakely, founder of Spanx said, "Don't be afraid to fail." She failed many times before becoming a billionaire with Spanx. Don't let the fear of failure guide you or you will never, ever succeed. You cannot go thru life being afraid. Who is afraid of Dendreon? Not me, I am all in!!!! I can't wait until February 3, 2015 and we finally see what is behind the curtain.
With yearly sales of $330M, a break even quarter and a pending Phase III results and other proprietary assets, how can you say $500M at an auction is a pipe dream? For any BP $500M is not even an afterthought. They spend billions of dollars to get FDA approvals. Provenge is FDA approved (i.e. no risk) in USA and EU. Dendreon's immunotherapy research is top notch and leading edge in treatments (especially cancer). How can just say $500M is a pipe dream? I think you will truly be surprised on February 3, 2015. BTW, I think anyone that is doubting the bids won't be at least 1B are bashing or have another agenda(s).
Yes, the basic idea is to buy low and sell high. That concept is very difficult to put into action with ELRA because of the massive dilution. For instance anyone that purchased this at .0001 just last week and thought that was the nadir, are now underwater big time with little chance to "sell high" and make a profit. At this point, they can only minimize their losses. I will check back with in a month or so and see how this works out for you. If you don't mind posting...what was your buy price?
Talk to the people that have been around for the two previous splits. If you are going to pump, please know what you are pumping. ELRA is nothing more that a dilution machine with no interest in shareholders. ELRA merely prints shares, reverse splits and then rinse and repeat. NO ONE SHOULD BUY ELRA and give your hard earned money to the massive diluters. Go back and read the last several hundred messages on this board. You will find a lot of people losing a lot of money buying shares of ELRA. I can't believe people actually buy this junk and some have averaged down and continue to average down. Nothing but misery awaits buyers of ELRA. Last may after the reverse split, there were 5.6M shares. ELRA diluted to over 2B shares and then R/S again. Tell me how is this good for growth and the shareholders who are down over 99%? Good luck to you bud.
Here is a clue about MELY's management's integrity.
No servers delivered in July
No servers delivered in August
No servers delivered in September
No servers delivered in October
No servers delivered in November
No servers delivered in December
No servers delivered in January 2015
They have promised new servers for over 6 months. I would not hold my breath for ANY new servers. As far as MELY's management's integrity...they have none. All they have is shareholders hard earned money.
To quote Denzel, "My man."
Are you serious? If 500M volume can't knock out the .0001's, then how much volume do you think will knock the .0001's? BTW, this is the highest volume MELY has had and it hasn't moved a tick. If you were a trader, would you buy a stock that doesn't move one tick with 500M volume?
FWIW, I can confirm the stock promo came out today. The information in the promo I received today is the same as was posted by the member. IMO, this promo will cause a several hundred to maybe a 1000% gain in MELY's share price. If people want to recover some of their losses, this may be a good time to flip MELY. I think that is why Brett issued the dividend today because he does not want people to flip. As always, everyone must do what is best for them. I know what I will do if we get a 1000% SP increase from here. GLTU
According to a MELY poster, MELY has 2.5B O/S. Don't ask me how anyone can determine the O/S based on share volume. Can anyone else determine the O/S by the daily volume??????? How can anyone know for sure what is being dumped by the company and what is retail???? and keep track of that information on a daily basis??????
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=108565105
Wrong and wrong again! Not only wrong, but no news from MELY, period because there is no news.
FINRA is not allowing R/S like they were heretofore. That is why I don't see a R/S and why we we are at ZERO BID. MELY must do something else to bring the PPS up. We just have wait to see what that something is going to be.
Here is a link that relates to FINRA crackdown on R/S
http://www.thedeal.com/content/regulatory/finra-may-be-getting-more-aggressive-in-regulation-of-microcaps.php
Also, anyone can call RAJ at FINRA. 1-866-776-0800 and ask if MELY has been denied a R/S in the recent future.
ZERO BID. That is the only news. At least the CD's can't make any money either and they can't dilute because they get shares for .0001 and can't sell them at ZERO BID. So we are the not only ones holding the bag. Something must happen to allow the CDs to get their money. A reduction in SS, tremendous news that would drive the PPS or a R/S. Something must happen and all we can do is wait until that "something' happens. Believe me, the CD's are also pissed and want their money. So we will just watch it everyday until something happens.
MELY = DEAD STOCK WALKING..
I could not resist! I bought my DNDNQ lottery tickets today with a tight stop of .12. Good luck to everyone in this play.
I still have my lottery tickets. I will check them every week.
MELY will never, ever, never recover from a R/S. If there is a R/S, kiss your money good bye. If a R/S happens, MELY will dump more shares to pay C/D's. There is no positive way to spin a reverse split.
When I first bought shares of MELY in May, there were 258M shares. Now according to AMI, there are at least 2.5B shares. What do we have to show it? 100 servers, a rented warehouse, 140 BTC and a lot of money in the C/D's pocket. Brett is being rewarded, the C/D's are being rewarded. Where is our reward?
Bid/Ask Size 69424700 @.0001 X 244947600 @ .0002
Only 69M to zero bid. What happened to 1B shares on the bid a few days ago? Mysteriously, they disappeared. Those lucky people who got the .0001's should immediately put them up for sale at .0002 for an immediate 100% profit.
Good luck to all my fellow MELYITES that are still holding.
Have you EVER been to a shareholders meeting? Have you EVER heard or participated in a conference call? I am a shareholder and as such, I own a share of the company. MELY is not Brett's company, it is our company and our money that is used to run our company. Why are not questioning, what is doing with our money is beyond me. If he was the President and you were the CEO, would he give him a raise, counsel him or fire him?
For a CEO of a lemonade stand let alone a publicly listed company to use profanity in an email that will be on the internet FOREVER is inexcusable! Period!
Finally, if he so busy running the company, why would he take time to write such vitriol response?
Meanwhile as zero bid approaches 689253900 @.0001 x 254369800 @.0002. Bid size down by 320M from two days ago and ask size up over 200M from two days ago with BMAK listing hidden shares with 10,000 at .0002.
Brett's response with an edit
Its people like you who are doing damage to the BTC community.
You are a speculator with no patience or intelligence regarding what
it actually takes to get a job done.
The fact that our servers have been delayed is not the companies
fault, it happens to be the manufacturer who has not delivered.
I find your comments offensive and ignorant.
EDIT TO EMAIL "GFYS."
--
Brett Everett
President,
Microelectronics Technology Co.
Why would any CEO say GFY in an email to an investor? SMH
Do you think my email was bad or untoward?