Replies to post #13132 on Sorrento Therapeutics Inc (SRNE)

[1776club]

They did it as there is $100 million in the bank and they opened the kimono and they see revenue to cover the loan. Smart move on Sorrento's part to pay 1% less on the money than selling stock. As far ae your "Bankruptcy" goes the funds will buy whatever SORRENTO wants to offer as they want a 50-60% stake in the company. There is enough stock and assets to sell to keep the ship afloat for years.
As far as a trademark goes, I have been through it, and it isn't worth the time to quibble over it.

[Andecker]

So Fitzy, your analysis of the loan and its purpose makes good business sense. Riley could go about the county in search of such companies - loan them $ then they get to go to line in front of us when we go belly up - secured vs. unsecured. Interesting ploy / business model.

I do wonder, however, a company on the brink of insolvency - why it would have 101 positions/job openings on their site? A decoy in an attempt to show everything is OK?

I am trying to add things up here.
We've lost 84% of our value from 52 week high, loosing TM's, missed the whole COVID thing after dumping tons of cash, company still doesn't explain things to us (DARPA, Mayo, Brazil), barely staying afloat, bridge loan for what, apparently we are selling something in Mexico,have a bunch of trials underway, hope is right around the corner, wait until Q2, nope - wait for Q3, it'll all come together in 2024, look at all the institutions buying our stock, positive PR and our s/p goes down - what's going to happen if one FAILS in the field.

Solution: Sell us to a company that can manage this operation properly.
$20/share and it's all yours!