![](https://investorshub.advfn.com/uicon/58273.png?cb=1498574468)
Wednesday, May 20, 2020 10:04:55 AM
May 20, 2020 9:52 AM ET|About: Sorrento Therapeutics, Inc. (SRNE)|By: Stephen Alpher, SA News Editor
"I suggest extreme skepticism regarding any claims made by Sorrento (NASDAQ:SRNE)," one former employee tells Hindenburg Research. "I would never in my life have put out a press release where I say we have a cure," says a former executive.
Full report here
Hindenburg claims the company was nearly out of cash and facing solvency concerns ahead of its COVID-19 cure announcement.
Hindenburg: "We believe that Sorrento’s actions are manipulative at the worst possible time and simply amount to an attempt to shamelessly profiteer off the pandemic."
Shares are down 15% this morning, and now off about 50% from the high hit on Monday.
Hindenburg has been critical on other Covid-19 names recently, like Opko Health (NASDAQ:OPK) and Co-Diagnostics (NASDAQ:CODX).
Hebrews 11:6 And without faith it is impossible to please Him, for he who comes to God must believe that He is and that He is a rewarder of those who seek Him.
Recent SRNE News
- Form 8-K - Current report • Edgar (US Regulatory) • 11/03/2023 09:31:06 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/27/2023 08:15:31 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/13/2023 01:51:06 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/28/2023 09:25:07 PM
PickleJar Unveils Latest Venue Managed Services Innovations in Upcoming Webinar • PKLE • Aug 23, 2024 1:11 PM
Element79 Gold Corp Provides Update on Nevada Portfolio • ELMGF • Aug 23, 2024 8:00 AM
Maybacks Adds Award Winning Show to Its Lineup Discusses Maybacks Opportunity • AHRO • Aug 22, 2024 11:30 AM
North Bay Resources Announces First Gold Concentrate at Mt. Vernon Gold Mine, Assays 12 oz/ton Gold, 17.5 oz/ton Platinum, and 8 oz./ton Silver, Sierra County, California • NBRI • Aug 22, 2024 10:28 AM
All Things Mobile Analytic, Inc. Reports Major Growth with Over $11 Million in Revenue • ATMH • Aug 22, 2024 7:19 AM
Unitronix Announces Strategic Entry into Cryptocurrency Space • UTRX • Aug 21, 2024 10:00 AM