Sorrento Therapeutics Inc (SRNE): Riley did the loan because they are firs...

Reply Private New

Replies (2) Next 10 Prev Next

Send PM Follow Ignore

Followers	16
Posts	1771
Boards Moderated	0
Alias Born	09/05/2017

FitzyP33

Re: A deleted message

Thursday, 03/03/2022 10:19:13 AM

Thursday, March 03, 2022 10:19:13 AM

Riley did the loan because they are first in line for assets in the bankruptcy (equity gets zero) and in their view they will get a value much larger out of bankruptcy court than $45 million. It's called distressed lending and may financiers have made millions this way.

Keep Last Read

Replies (2) Next 10 Prev Next

Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:

Detailed Quote

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
Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 08/07/2023 08:15:35 PM
Form 8-K - Current report • Edgar (US Regulatory) • 08/01/2023 10:01:54 AM
Form 8-K - Current report • Edgar (US Regulatory) • 07/13/2023 10:26:26 AM