Sorrento Therapeutics Inc (SRNE)

[ChickenHawk0-001avg]

OK I can agree it's not great but it's not really that bad either. Donald Trump has used chapter 11 in the past many times to take advantage of the benefits of protection from creditors. It's not chapter 7 which means they would have to close down the business and sell assets to pay debts but it's a reorganization plan to keep creditors at Bay. This is this good for long term While Sorento continues their product lines. Here is a link that explains this.

https://www.forbes.com/advisor/debt-relief/chapter-11-bankruptcy/#:~:text=Does%20a%20Chapter%2011%20bankruptcy,back%20as%20much%20as%20possible.