Sorrento Therapeutics Inc (SRNE)

[FitzyP33]

Not a chance in hell they'll have $100 million in the bank from Stix.

If you think paying in effect a 12% interest right now is cheap you're insane. Thanks worse than junk status. The math is a 4% fee X 3 to annualize = 12% (with no compounding)

SCILEX generates nothing from a cash flow perspective for a year or more. I.e can't sell shares.

Being able to sell Celularity shares in June or July (have to check) will help. That may be the answer that Ji needs $45 million to cover everything until June 16 when he can sell CELU shares.