Replies to post #12960 on Sorrento Therapeutics Inc (SRNE)

[1776club]

Hey, can I spin?
End of March, 1st Q, Sorrento could have $100 million+ from COVISTIX in the bank. $45 million 4-month loan is cheap,
June 16th is about 2 weeks before closing the books on 2nd Q. It costs money, in shares, to put more AS into the market and this could be cheaper but in any case, it does not dilute the OS.

They have sales projections in hand, timing for the SCILEX spinoff to the NASDAQ and know where they are on all their studies.
A bridge loan at the current pps and interest rate was the right choice.