Dendreon Corp fka DNDNQ

[croumagnon]

Assuming your Going Concern theory is correct, and I am not sure it is, then the least Gold could have done is state in no uncertain terms that some minor financing in the near future may occur in order to avoid a going concern note by auditors. Instead, he sort of hinted at the CC prior to the financing that they would not be going for additional financing, and thus simply mislead investors. Perhaps for opportunistic reasons he did not want to alert investors to his intentions, and in that case he should have explained his logic very clearly after the fact instead of leaving it to the street to interpret this panick financing in the worst light possible.

As for the going concern note, it is my understanding that such a thing would not have happened prior to the Spring and therefore the timing of this secondary was simply pitiful. Had Gold waited a month or two, we would have received those $40 million at half the dilution that occurred currently and we would be well past the $5 threshold that is crucial for our upside...