$SRNE to everyone screaming (insert X number higher than $5), buyout isn’t coming, especially since Henry has a poison pill in place and since SRNE has so many equity stakes in other companies. Why didn’t SRNE management name the company that offered $3-5 a share? Why didn’t it name the specific price? Why isn’t it capitalizing on the high volume? I’ve seen this pattern before of daily morning dips followed by sideways afternoon movement, and it has almost always dropped hard following 3-4 days of a peak. Keep a lookout for news on a settlement for the lawsuit or a partnership announcement, but otherwise, don’t get your hopes too high.
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