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Sorrento Therapeutics, Inc. Message Board

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  • Reply to

    They raised $207 mil and sold 1.3mm extra shares

    by a_sky_pilot 1 hour 27 minutes ago

    We'll just have to make the connections for new investors and encourage them to read through SRNE's post from the last 2 -4 weeks. Though really, people don't even need to read through all the posts, the articles that are shown under SRNE's headlines on its yahoo summary page should help new people in both SRNE and NK. Gnite all.

    Sentiment: Strong Buy

  • Reply to

    Manipulating?

    by a_sky_pilot 12 hours ago

    Agree!! China was down again during their Tuesday market. Baidu actually did pretty good on their earnings report, so whatever is happening in China didn't affect Baidu much. I am hoping investors and traders will be thrilled to be buying two green, popping stocks {SRNE and NK} on Tuesday rather than play the ho-hum game, complaining and stay in the red stocks. Cheers!

    Sentiment: Strong Buy

  • all @ $25. Should equate to a $3-$400 mil book value increase tomorrow as the NK shares were on the books for the $21.5 mil cost since they were not publically traded. I think NK will reach $5bil mrk cap tomorrow and if the market catches on to the SRNE-NK connection, SRNE could soon see $1bil market cap.. Let see if SRNE is as hot tomorrow as I am guessing NK will be.

    I do not think the above numbers included the 1.05mil shares the underwriters have to sell at IPO price but the news release was not clear and the news release paste or link I tried posting kept being deleted ,I guess since it was from another company and not SRNE?

    Sentiment: Strong Buy

  • Great info and thanks. I think SRNE traders have kept the pps as near to the original $20 - $23 pricing of the NK IPO. In otherwords, it seems traders haven't baked anything into SRNE accept the original opening price of the related NK IPO. Now that NK has priced $2 higher at $25, I believe the traders will release SRNE to fly upward, though obviously not as high as the NK IPO!! Though SRNE does have its own fantastic merits, not to mention that the SRNE team is talented enough to formulate the drug that NK's founder, Dr. Shiong-Soon is thrilled with enough to buy from SRNE with current and continued future earning potential for SRNE of almost $2 billion, not to mention creating a Joint Venture between NK and SRNE for the immuno antibody/antigen genetics pool!!

    Fantastic future!! Strong buy on both SRNE and NK

    Sentiment: Strong Buy

  • Reply to

    NK IPO tomorrow

    by a_sky_pilot 7 hours ago

    =O Thanks for heads-up! Yup, cheers to all on both SRNE and the NK IPO!

    Sentiment: Strong Buy

  • Reply to

    NK IPO

    by stl4475 5 hours ago

    OUTSTANDING!! Our related SRNE will be moving upward =}

    Sentiment: Buy

  • Reply to

    NK IPO and SRNE PRICE TARGET

    by blond_bomber19 Jul 26, 2015 10:07 PM

    So the bummer is China being down again. This down market is either going to slow things down or - NK IPO and its JV SRNE might be one of a few stocks that might actually be in the green and popping on Tuesday!! I believe the latter will happen! With NK pricing tonight at $25, $2 over the original high of $23, I think your target open of $35 {NK} for Tuesday is more than possible, Skypilot.

    a} I will guesstimate NK will open trading to the public between $35 and $42. And then run up up, with pullbacks of course, then up up again to close above $50.

    b} Next guess is based on SRNE's current positives in addition to SRNE's connection to NK through several powerful contracts and relationships. All of which are clearly presented on this board over the last 2-4 weeks. SRNE stock has, for most of July, been trading in the range of NK's original IPO pricing of $20 - $23 {often above that range}. With NK pricing above that range tonight at $25 and believing that NK will open trading to the public above $35, I think SRNE traders will move SRNE upward more than we imagine over the next few days!

    I'm ready for both stocks, ready for the cures to come for humans and our pets, ready for SRNE's Dr. Ji and team along with NK's Dr. Shiang-Soon to make things happen and blow medical minds wide open!!

    Sentiment: Buy

  • @$25 share and oversubscribed. It sold 8.3 mil shares and I do not think that includes the 1.05 mil shares the underwriters had to sell. I think it is pretty good bet that the NK market cap will exceed $5 bil probably tomorrow, if not very soon. 7.3% of whatever tomorrow's market cap is the new asset value of SRNE's NK stock. Whatever the end of day market cap of NK is, it should mean a $3 to 400 mil one day increase in SRNE book value. So, should be a very good day for the stock and a super day if you have call options. If new book value is calculated into SRNE the market cap should exceed a $bil, but will the market know this?

    Here is the only statement I could find in SRNE $#'s that apparently refer to the NK shares. It appears they are on the books for their cost basis only up to tomorrow!

    Cost-Method Investments
    As of March 31, 2015 and December 31, 2014, the aggregate carrying amount of the Company’s cost-method investments in non-publicly traded companies was $11.5 million and $10.0 million, respectively. The Company’s cost-method investments are assessed for impairment quarterly. The Company determines that it is not practicable to estimate the fair value of its cost-method investments on a regular basis and does not reassess the fair value of cost-method investments if there are no identified events or changes in circumstances that may have a significant adverse effect on the fair value of the investments. No impairment losses were recorded during the three months ended March 31, 2015 and 2014.

    ps-twice I tried pasting the news releases on the NK news and Yahoo deletes them, maybe because they do not realize any NK news is SRNE news?

    Sentiment: Strong Buy

  • Reply to

    Valuation

    by mdr0418 15 hours ago

    May hit $30 even sooner simply because Biotech's trade heavily on their future potential, not just exact valuations!! Fantastic news that our JV partner, NK IPO priced at $25 tonight - $2 over their original range of $20 - $23!!

    Sentiment: Buy

  • Range was $20-23, priced at $25 above the range.

    Sentiment: Buy

  • Reply to

    NK IPO and SRNE PRICE TARGET

    by blond_bomber19 Jul 26, 2015 10:07 PM

    Thanks

  • Assuming this is a go...... looked at Seres Therapeutics' again and first trade on IPO day was not until 11:52. The stock closed up almost 180% higher than the IPO price which was $18 and @ close it was $51.40 and over 50k trades for the short day.

    I was told that they fill shares based on when order was placed or first come first served..... for example if you are placing a $35 limit order, you may be better off placing it tonight than mid morning as they might run out of $35 shares before all get filled assuming it opens below $35..My trade is in.

    Should be a very interesting day tomorrow.

    GLTA in both

    .

    Sentiment: Buy

  • Reply to

    Manipulating?

    by a_sky_pilot 12 hours ago

    I feel if it wasn't 4 China, we wud have closed higher.

  • Reply to

    Green

    by mdr0418 11 hours ago

    IPO pricing will be exceeded by between 80-100% after it hits the tape. Valuatons will need to be adjusted for SRNE as the NQ is so over subscribed that it will be the most successful bios IPO of the year. I think the NQ valuation could be around 4BB by weekend.

    Sentiment: Strong Buy

  • Reply to

    Green

    by mdr0418 11 hours ago

    Widely known that SRNE owns 8.5% of NK so about $200M of NK value is already baked in .... or do you see it differently?

  • Reply to

    NK IPO and SRNE PRICE TARGET

    by blond_bomber19 Jul 26, 2015 10:07 PM

    It is usually around 11, they price it tonight, and all who established COTP's @ IPO price have to reaffirm at the exact price tomorrow, so normally halted at open while they sort things out. This one may go a little longer as I am under the same impression as many others here have expressed, going to be a lot of interest. Then someone has to decide what the opening ask first order to the public will be. I am guessing $35 range but pure .02 guess.

    Sentiment: Strong Buy

  • Last chance to board the SRNE train before the NK IPO Tuesday. Traders, investors and MM/'s know this and therefore we should be in for a strong close today. North of 30 by Friday....NK ipo will bust all records on Tuesday and we gain 400-500mm in valuation based on our ownership of NK.

    Long and Strong SRNE

    Sentiment: Strong Buy

  • Reply to

    Manipulating?

    by a_sky_pilot 12 hours ago

    Correction it was 267 TRADES IN A MINUTE. That is what happens when you try and post from a phone. To note, the large majority of times on SRNE, the trades are in single digits per minute, sometimes just 1 or 2 trades. This is the largest # by far I have I have seen and was a lot a lot of small trades probably by the same house. The largest single trade today was just under 9k shares.

  • Reply to

    Manipulating?

    by a_sky_pilot 12 hours ago

    If your right, they only can play today. As we get closer to the close today I feel the buyting will begin as smart money want to lock in a position before the pricing of the IPO. There is so much over subscrition on this IPO that the shares should pushed hard by those who could not play at the IPO price. If Srne is not in the green at close I would be very surprised.

    Sentiment: Strong Buy

  • Kind of obvious HFT being used to move price. Is it just so the HFT traders can buy low and sell high or make their shorts work or all of the above? How is the retail investor to compete in any market any more?

    Check out this one minute of trading and look in the swing of price so far today: AT 9:48 THERE WERE 267 TRADES FOR 49241 SHARES. 247 TRADES IN ONE MINUTE!!!!!! THAT KNOCKED PRICE DOWN ..25 IN A MINUTE AND THE FREFALL WAS ON UNTIL IT WAS DOWN 1.82. Now recovered much of it, but they can easily do this again later today or any day or time.!?!.

    09:48 22.31 22.335 21.84 22.14 267 49241

    Sentiment: Buy

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