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BTH

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BTH

Re: DewDiligence post# 126342

Thursday, 09/08/2011 4:48:21 PM

Thursday, September 08, 2011 4:48:21 PM

Post# of 252614
According to Mitch Gold, today he said:

As of August 31, the company had cash, cash equivalents, and short and long term investments of approximately $600 million dollars. Given the current cash balance and the reduced levels of spending following the restructuring, Dendreon expects to have sufficient cash to enable the company to achieve a cash flow break even position in the United States at an annual run rate of approximately $500 million in revenue



I don't know when his timeline for that run-rate is? This year? Next year? 2021?

BTW, what I find laughable, is that when the stock was at $1, Aschoff and Pantginis both had STRONG SELLS on DNDN. When the stock went to $20, they upgrade to BUY. How's that going for them?

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