Replies to post #14425 on Sorrento Therapeutics Inc (SRNE)

[FitzyP33]

Read the 8K. Sorrento corp. has filed too. Probably Henry trying some sketchy move again to make it look like something else.
That said, protecting PSS from raping and pillaging SRNE was probably the right move since Henry owed $50 million net; PSS would try to freeze assets to cover the $50 million and make it very hard for Henry to operate.
I read somewhere that assets in the filing well exceeded liabilities which to me is weird in a BK, but I've never been through one so I don't know.
Hindenburg Research is tweeting out dancing Henry's grave this morning.
Lastly, personally I wish I hadn't covered at $2 several months ago.