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Butter us up before the reverse split news…
Yea, the stock is soaring.. Fifteen cents is in sight. More money to fund the great Dr.’s bonuses.
Hey boys and girls, we need the fluff, we fell below a dime….no surprise. The great Dr continues to destroy this company as he collects his $30,000+ daily salary. Where is that portfolio update? Covi-Stix? Brazil, Mexico, China, the “cure”, burning the shorts?
Anybody still want to defend him? The reverse split will be the final nail.
Reverse split, 20-1 or 25-1? That is the question. Also are the class action lawsuits starting? China will not save this POS. Ji will squeeze what he can then it’s over, he can drain the rest of Scilex too. Nothing here for shareholders.
Sub penny until the great reverse split happens.
Unfortunately there are a lot of nobody’s. Including the nobody’s that want to buy this soon to be penny stock.
Nice post, agree. Nobody will do business with the crafty CEO anymore, him and the BOD all need to go. People on this board need to accept that we were all scammed, and if you think this will be less than a dime soon, then the reverse split, 20, 25-1, you are correct. This POS will not recover.
Nice post, agree. Nobody will do business with the crafty CEO anymore, him and the BOD all need to go. People on this board need to accept that we were all scammed, and if you think this will be less than a dime soon, then the reverse split, 20, 25-1, you are correct. This POS will not recover.
Sorrento made headlines in May of 2020 when founder Dr. Henry Ji claimed that the company discovered a cure to COVID-19, which caused its stock to soar 243% in a single day. This took the company's market cap from millions to well over a billion.
"We want to emphasize there is a cure. There is a solution that works 100 percent," Ji told Fox News, a statement that was refuted by health care experts. "If we have the neutralizing antibody in your body, you don't need the social distancing. You can open up a society without fear."
Have some more koolaid, while you look at that portfolio.
What’s in their portfolio again? Need some fluff soon, we are heading towards a dime….burn them shorts!
What’s in their portfolio again? Need some fluff soon, we are heading towards a dime….burn them shorts!
More scamming from our fearless leader, the great Dr. more diversions as this company continues to sink, and the inevitable reverse split. Unless you want a “pipeline” update and an estimate of the billions this gem is going to make, I would move on.
Hey Doc,
Ed wishes you the best of health this 4th of July weekend!
Yes, it is unfortunate for all that believed the untruth put forth by our CEO. My commissions will be more than my shares are worth, so I guess I keep these until they drop to trips. GLTA.
Our chapter 11 process has caused and may continue to cause our common stock and other securities to decrease in value, and may eventually render our common stock or other securities worthless.
Under the prospectus section. They even underlined it for you.
Really can’t find it? Wake up.
Read last nights news release. Why would I make that up? Like many here, I lost a bunch of money thanks to our fearless leader. But I am labeled a basher for stating the facts.
https://ih.advfn.com/stock-market/USOTC/sorrento-therapeutics-pk-SRNEQ/stock-news/91381982/current-report-filing-8-k:
Read the news release from last night.
From your hero, Dr J,
Our chapter 11 process has caused and may continue to cause our common stock and other securities to decrease in value, and may eventually render our common stock or other securities worthless.
Not sure what you don’t understand. Someone else please tell him.
It won’t. Next will be dropping to pink sheets, class action lawsuits, then the great Dr. will take his million$$ and move on.
Oh, what a surprise, another Friday after hours release…..3 million more shares to dump? The last round of massive dilution before the reverse split. Let’s burn those shorts Doc, oh wait it was a planned bankruptcy filing, I forgot.
How’s that pipeline doing? This will be a nickel by end of May, so load up!
Oh, wait Moderna was going to buy us out, so it may be a dime….
Or the SS Minnow.
7. The stock is under a quarter.
The ship is sinking, the great Dr. is drilling holes in the bottom to let the water out.
Adios.
If I sell my SRNE stock, I may be able to buy a queen size.
The Ji empire is crumbling, give Scilex another couple weeks and it will be the third stock he has drove under $1.00. The class actions are coming Doc.
We need some fluff guys, how about the “pipeline”? What about Covi-Stix? Brazil testing, China phase 7 or whatever they are at? Winning the lawsuit? The cure for cancer? Cmon Doc, you must have something! The multi million dollar campus is gone, where is the Great Ji working at, some tropical island right?
Oh wait, now we can’t dump Scilex for another anther 6 months…
Yes. And I see the great Dr. is doing us well on our “dividend” stock, Scilex, down 50% in the last week. Maybe when we are able to dump this one, it will also be at $ .35. Nice work Doc.
From simplywall.st.com…
“The earnings for companies in the Pharmaceuticals industry have grown 21% per year over the last three years.
Revenues for these companies have grown 13% per year.
This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.”
I don’t think many “players” like Sorrento claims to be (“we believe we have a cure for covid”), have lost over 90%of its value in the past year. Company is in bankruptcy, and CEO has no credibility on Wall Street. I am not trying to argue, just stating fact. What happened to Celularity? $13 stock, now below a dollar, you don’t think Scilex will be next? Wait until restrictions are removed and mass selling takes place. We were scammed.
It already did. This stock was down 80% BEFORE the bankruptcy, care to comment on that? Anyone?
Do you want to buy some swampland? The great Dr. has been scamming us for years. Wake up.
And the POS stock soared….
SRNE “Q” is done. ATM out of cash. Can’t get a product approved, wasted millions on Covid products, don’t give people here false information. Bankrupt companies don’t come back.
Don’t forget all the class action lawsuits, nice job Doc.
There is no light at the end of the tunnel for this one. I am being realistic. The class action lawsuits will be the final nail.
Andecker,
I agree with you, although my losses were not near yours, it is unfortunate we have a CEO like this, and when you post the truth here you are considered a basher. Our CEO has drained this company and lied to the shareholders many times. He has no credibility on Wall Street, and this company will never recover, other than a $1 or less buyout. He is on the way to draining Scilex, and those shareholders, then the idiot goes after PSS. I guess that just accelerated the inevitable BK. But I am a basher.
Or spending the lawsuit money you think your going to win.
Guess the great Dr. lost his palace that he so poorly spent our money on….
E. The Debtors have determined that it is in the best interests of their estates and creditors that the Debtors reject the Lease and stipulate to termination of the Lease effective as of the date on which this Stipulation and Agreed Order is filed with the Court (the “Rejection Effective Date”);
Oh boy, more borrowed money for the great Dr’s ATM machine. Let’s see how long it takes him to burn through that, maybe the BOD can give themselves more bonuses. Let’s continue to burn the longs…I need a covi-stix.
Bullish. Bearish. X. Are you kidding me?
HeadsIwin,
I totally agree, but this company will go nowhere with the current CEO. A change will be needed or that reverse split will happen. He totally mishandled any Covid opportunities by not getting anything approved, but hyped the Brazil, Mexico and China opportunities. They will never recover what he dumped into his earth shattering Covid products.
Need that portfolio update. And that windfall lawsuit money the great Dr. has already spent…where are the pumpers? Where’s the late Friday night news releases?