Sorrento Therapeutics Inc (SRNE)

[1776club]

I'll post the BOOB post below and make my comment short. The only question I have is... are we talking about the same guy?????
The 7% will quickly become 2-3 % as the Good Doctor dumps more stock into the market, takes big bonus and destroys the share price. Get this guy out of the CEO/COB business.

Go C7 and put it behind us. Here is the suggestion of one person:

"If JL gave us the choice to move ahead and liquidate Sorrento (CH7) or accept Dr. Ji's offer (7% of New co.) What would [sic] choose?
Here is how I think about it logically:
1) Ch7 would be fair for everyone including Dr. Ji, whatever Dr. Ji gets we get. we may not get much but at least Dr. Ji won't steal Sorrento for pennies and leave us behind.
2) Having a 7% stake of the New Co. In the longer term (5 years plus) as a private company may be worth something. Dr. Ji may be able to get one of our phase 3 products to the finish line.

Both are bitter choices but they maybe the only options left on the table unfortunately."