$SRNE PART 5 of 5: 4)ATM offering//Dilution. The most unlikely, yet plausible scenario. I can’t understand any justification for the early debt repayment ($6M and ~1M shares added) unless it was to position themself to be acquired, in which case the accepted buyout price would easily offset the dilution. I personally don’t think a buyout is the goal for Ji & the board anyway. A partnership would be more fruitful in the long run, and this company has always been focused on the long game, knowing that their IP will produce a massive return on every dollar that they’ve ever raised through the markets.
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