Bullish
$SRNE Henry and co would open themselves to potential lawsuits if breach of fiduciary duty if they try to raise funds by issuing shares at this moment . They can’t simply reject this offer either. The stock was 1.5 when all these offers come in. Their only logical and righteous way is to hire a m and a financial advisor aka $JPM or $GS to sort out their value and offer a counter offer. We know 7 dollar offer is bottom feeder. What they can do is with advisor they can attract more buyers. We have two bp that offer 3 and 5, they are waiting to see what’s going on to. Cancer treatment such as cart is a rare commodity for a lot of bp with expired patent such as $CELG. It’s going to get very very interesting. Listen to advice of co don’t do anything hold your shares and wait for command.
  • 5
  • 3