Sorrento Therapeutics Inc (SRNE)

[Moses1492]

Follow up on the NYSE rumor from another board: "Thank you Best Bob @Bob. This community and SRNE are fortunate to have such great longs like Bob who use logic to judge values and make logical good decisions in his business and comments. I am reposting his great answer to the question that no Short could give a good logical answer to whether transferring to the NYSE this month hopefully would force the about 1.5-2Billion non-certified shares to cover before switching. Here is Bob's great answer:
I think the Naked Short still remains the same. The company hasn't been acquired or split into two separate entities, just a symbol change. The NAKED SHORTS are still on the hook for printing all those FAKE SHARES. The advantage is that moving to the NYSE would immediately put SRNE in the S&P500 and create additional volume for the stock. It would also make it available to may new FUNDS. Stocks tend to trade a PE ratio based on expected earnings. "New estimated EPS for the 4th quarter is $5.79 by Wall Street Journal". That is the ticking time bomb that the SHORTS didn't anticipate. If you are trading a PE ratio of 10, then that means the stock should be trading at $57.90 That won't escape from the Big Boys that want to receive a dividend. They will buy the stock prior to the dividend day causing a massive explosion in Price. It's just a matter of time before the idiot shorts here wake up to their dismal circumstances. They are holding a losing hand and it is time to fold but they won't do that because they have been drinking the Kool aid too long and think that their herd mentality will win out. SRNE promises to be explosive in the near future, no way around it. GLTA!!!"