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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?
PSS does not lose. Our great leader should have focused on getting something to market instead of trying to win a case he has no chance on, and spending his windfall on a new real estate venture called the $orrento campus. His little suit put this POS into bankruptcy, off the Nasdaq, and .30 cent share price. Not sure why your still supporting this idiot.
I can guarantee you the PSS settlement won’t happen. It will backfire for the great Dr.
Same story, switching country’s around.. just a different year. 2021 was the year, 2022 was the year, now 2023, US, then Brazil, then Mexico, then Australia, now China…..maybe North Korea next?
Is that the Great Dr. after he ate all our investment?
PSS is just starting, the great Dr. played with matches and will soon be burned,. And if PSS leaves anything, the many class action suits coming will pick up the pennys that are left. We are excited now about China? What happened to Brazil, Mexico, and the USA??
Stock loses 90% of its value, a CEO that can’t get a Covid test approved, nothing to market, wait a $40 billion dollar pipeline…no, nobody is bitter. Wait until the lawsuits start, now delisted, it’s done. The great Dr. Scam is done.
The kids would do better running Sorrento. They great Dr. would sour the lemonade stand….
Only thing that MAY save this company is a new CEO, and a reverse split.
Hey And,
Unfortunately the great Dr. has accumulated so much debt, the $7 is long gone. I am like you have a lot into this stock, but I don’t understand the posters here that continue to support this CEO. He has been unable to get anything to market, like all those supposed Covid products, he just kept emptying that ATM. I don’t know how people didn’t see this coming, and when I post, I was the bad guy “shorty”. I don’t see this recovering, and the entire BOD needs to be fired. Someone will come along and pick up the penny stock, but the amount of lawsuits coming will be the final nail, good luck to you and all that believed in this POS CEO.
Unfortunately yes, I fell for his lies like many others here. Karma has caught up with him. He will fall fast.
The great incompetent Dr. went after the big boys….played with fire and got burned.
I guess he thought he was tough when he thought he could “burn the shorts”….wait until all these big funds start the class action lawsuits against him. It’s just starting and the great SRNE is imploding. How’s that multi million dollar campus he built?
Www.fool.com. motley fool site..
Read this before you try to make a quick profit from the stock of a company in bankruptcy.
When a company files for Chapter 11 bankruptcy protection, it doesn't mean that it is going out of business (that's Chapter 7). Rather, Chapter 11 is used by companies that feel their operations can continue profitably but after a restructuring to get its debts under control.
In general, when a company files for Chapter 11 protection, its stock price plummets and a "Q" is added to its stock symbol to clearly indicate that the company is in bankruptcy proceedings. So, what happens to the company's stock when it exits bankruptcy protection?
Last in line
Unfortunately, in the event of a bankruptcy restructuring, common shareholders are last in line when it comes to claiming a company's assets.
Thank you Idiot Ji.
It claims to have $1 billion in assets and $235 million in liabilities. Yea, $1 billion in Covid test kits inventory…….
“ Dr Henry Ji for President!!!, you know I didn’t think there could be someone worse than our current president, but I think you found someone..
I am not talking about .Donald Trump, I am stating how our incompetent CEO drove this company to bankruptcy. You don’t “strategically” file for bankruptcy and suddenly come out of it. This POS will now go off the Nasdaq, reverse split and now be buried in class action lawsuits from all those “smart” fund investors that “knew something”
If their portfolio was that strong and they had a competent CEO they would not have filed bankruptcy. Off to the pink sheets and a reverse split is next.
Really? It’s over, stop blowing smoke up these investors…..
Lose Nasdaq listing, maybe pinks? Definite reverse split. Doc did a great job. Let’s talk about that portfolio again.
Yes it’s done. It will lose nasdaq listing, symbol change, it’s done. Nice job Doc. Please don’t blow smoke on this one so everyone thinks BK is a good thing. After losing its Nasdaq status, the reverse split is coming.
Link to your data? I seem to remember Covidrops was going to revolutionize Covid…
What? So you really think this “gem” is going to recoup its 90% loss from this time last year? The ATM is out of money and our incompetent CEO will have no choice. If this company had some credibility it would not be fighting to stay over a dollar. Remember, he could not even get a Covid test approved, and you think he can get a “billion” dollar drug approved?
I am not here to argue, just tell me what I am missing, what was the stock price this time last year? We were going to make hundreds of millions off of Covid? What happened to Brazil, Mexico, China, USA? Help me out here.
Yes, that is exactly why he gave a dividend. Also to soften blow when this does a reverse split. The skyrocketing price of this little gem along with Slyex stock was short lived. Back to sub dollar. Let’s keep that pipeline going…. How Covi-Stix doing?
A lot of disgruntled investors here, eh?
Dividend not approved yet, sub dollar soon, lawsuit will drag on for years, and can’t get a Covid test approved, even tho the great Dr. is trying to manufacture in China, where it’s running ramped. R/S will be only option.
Just more pumping, the euphoria because this skyrocketed over a dollar is slowly fading. Need more pumpers about all these drugs that will be approved and “partnered” even though the great Dr. cannot even get a test approved.
Just a dead cat bounce. Don’t worry. The good Doc will probably dump some more share giveaway around 5 pm tonight.
“In finance, a dead cat bounce is a small, brief recovery in the price of a declining stock.Derived from the idea that "even a dead cat will bounce if it falls from a great height",the phrase, originated on Wall Street. This may also be known as a "sucker rally" “
Roses are purple violets are red, if you continue to invest in Sorrento you may well be de…….
My portfolio has a Christmas theme, most green, oh but one red…..we will see new 52 week lows for this “pipeline packed” piece of… , while the great Doc vacations on our dime. Have a great Christmas Doc, karma always wins.
Earth shattering news, stock soared. Next week will be brutal, I am sure the great Doc will be vacationing somewhere warm, with his much deserved 2022 bonus we gave him.
So do I buy a gallon of gasoline, or 5 shares of this stock?
Hey congratulations to our CEO, all 3 of his blockbuster companies hit a 52 week low in the same day!
Celularity, Scilex and the great Sorrento! Way to go Doc!
This stock is down 90% this year, tax selling and short selling caused this? How about an incompetent CEO with no checks and balances, also who can believe this supposed mega “pipeline” that they have? No credibility is why this will be reverse splitting soon.
Sorrento will get nothing from the lawsuit, that will go on for years. The great Dr. has already spent what he thought he would get.
Incompetent CEO
Stop blaming everything else. $.50 by year end.