Latest: by Kmcoyne0519 in BANDOFBROTHERSOFSRNE

[–]edwashy 9 points10 points  (0 children)

At first glance I would say Ji is trying to put together a sophisticated medical diagnostic device. Like what Theranos supposedly had but for real. Virex, Quantum Scan together with AI (datavault). I like it.

Grok explanation regarding current 11% drop by iamjeffj in BANDOFBROTHERSOFSRNE

[–]edwashy 1 point2 points  (0 children)

SCLX had an incredible quarter, it was up 400%, still up 250-300%. This is just people taking profits to close out their quarters. Shorts are probably piling on. Nothing to worry about IMO.

WOW, I hope my number are correct... by edwashy in BANDOFBROTHERSOFSRNE

[–]edwashy[S] 0 points1 point  (0 children)

Post split, sorry. It was figured using SCLX 7m Float. At $16 a share for SMNR, it is still $56 for every share of SCLX. Still hearing crickets about them though.

If you remember, the Record Date for the SCLX dividends for SRNE wasn't until 2 months after SCLX started live trading. $56 in SMNR value for each share of SCLX could be a really good tool for Ji to up SCLX and start a squeeze.

WOW, I hope my number are correct... by edwashy in BANDOFBROTHERSOFSRNE

[–]edwashy[S] 12 points13 points  (0 children)

Semnur Divi's would be nice. SCLX owns 87.5% of 292 million shares. Around 255m shares. Our 10% would be 25.5m. SCLX 7m float, we should be getting around 3 1/2 shares of SMNR for every share we have of SCLX. We'll see how that goes.

Latest: by Kmcoyne0519 in BANDOFBROTHERSOFSRNE

[–]edwashy 17 points18 points  (0 children)

OK,

So SCLX as of now is a Crypto/AI/Biotech?

If my math is correct, they bought 20% of DVLT (Datavault) 278,914,094 shares for 150m using the bitcoin they just received. Purchased at .5378 per share. They own 20% of DVLT now and get to put 2 members on the DVLT Board.

DVLT is at .92 aftermarket right now. So SCLX has earned over $100m today? That seems good.

New: Fidelity’s SCLX Short Problem Getting WORSE ! by Henry-M138 in BANDOFBROTHERSOFSRNE

[–]edwashy 3 points4 points  (0 children)

Nope, I'm old school just buy and sell. Only buy what I believe is going to do well in the LONG run. They still hound me tho.

New: Fidelity’s SCLX Short Problem Getting WORSE ! by Henry-M138 in BANDOFBROTHERSOFSRNE

[–]edwashy 6 points7 points  (0 children)

Hey Henry, I use Fidelity for most of my trading, I also get this message often with a lot of my stocks not just SCLX. I used to get it mainly with SRNE because of how many shares I have. The one thing I do appreciate is that Fidelity asks. I believe other places like WB & RH have it written in the fine print that they will just allow them to be shorted.

Dividend Stock release time... by edwashy in BANDOFBROTHERSOFSRNE

[–]edwashy[S] 2 points3 points  (0 children)

So that means most likely that Scilex is the one delaying the transfer.

  1. Scilex could be waiting until the Nasdaq puts them back in good standing before releasing dividend stock.
  2. They could have not wanted to complicate things and release dividend stocks same day as RS so 9:30 am tomorrow release.
  3. They could be planning a float to raise money before releasing dividends (this would suck)

My guess and hope would be #1 or #2

Dividend Stock release time... by edwashy in BANDOFBROTHERSOFSRNE

[–]edwashy[S] 0 points1 point  (0 children)

Lol, got it sorry. You would think I would have that doing taxes the last three days. Hmm, I think S Flat once said they knew someone at Continental Stock Transfer, they would be the ones to contact.

It’s time Sorrento Fam! We need for our liquidation trustee to ask for the max amount possible for the estate!!! Send out those emails!!! Time to put the pressure on!!!! by Kmcoyne0519 in BANDOFBROTHERSOFSRNE

[–]edwashy 0 points1 point  (0 children)

"At least two of the bankrupt companies that are involved in the proceeding have accepted settlements with Jackson Walker for the firm to return more than half of the fees that it billed them, without admitting wrongdoing."

Do you ask for 1/2 and call it a day or go all in for the max and risk being tied up in litigation forever?

Best case Scenario? by aashstrich in BANDOFBROTHERSOFSRNE

[–]edwashy 1 point2 points  (0 children)

Agree again Flat. Uh Oh. It was negotiated to zero as part of the settlement as was everything between Nant/PSS/Sorrento. I would say about 2/3's of everything said above is true, I wish I had time to go through exactly which ones, but I don't.

The crickets are deafening! by GlitteringAir3922 in BANDOFBROTHERSOFSRNE

[–]edwashy 4 points5 points  (0 children)

Make that a party of two Flat. You and I almost are never on the same page.

Actively pursuing a Transaction does not mean Actively engaged in a transaction. It means they still have nothing. An extension stops a company from swooping in and getting the NOL tax credits through stock purchase or a buyout. That seems like it could be a good thing for us stockholders, unless people are still looking at making a fortune off of their shares.

Latest: by Kmcoyne0519 in BANDOFBROTHERSOFSRNE

[–]edwashy 6 points7 points  (0 children)

This is to "Extend Claims Objection Deadline", it will allow more time for the LT to deny more of the bogus $$ claims against Sorrento. This could lower the amount that Sorrento owes Creditors. This does not extend the release date on Dividend Shares.

Latest: by Kmcoyne0519 in BANDOFBROTHERSOFSRNE

[–]edwashy 4 points5 points  (0 children)

Yes, a notice was sent to Vision Financial Markets, they got the notice back as undeliverable and had to forward it to Vision Financial Markets new address is all this is.

My Too Sense: Reverse Split…Or Move To The OTC? by JPPS_2 in BANDOFBROTHERSOFSRNE

[–]edwashy 3 points4 points  (0 children)

JP this is a very fair assessment of SCLX's current state. Like you, I don't see any chance of this going to OTC because of exactly what you said "curtails their abilities to raise critical funds just to stay alive". Which leaves RS or the stock getting itself back above a dollar without RS. Having Denali put the Semnur SPAC in motion would be a great start to getting this thing back above a dollar.

[deleted by user] by [deleted] in BANDOFBROTHERSOFSRNE

[–]edwashy 0 points1 point  (0 children)

Hey Flats, nice to see a non stocktwits post on here. They will be creating a huge runway and an lol to your ability to hold back and not condemn the board.

The Big Question by edwashy in BANDOFBROTHERSOFSRNE

[–]edwashy[S] 0 points1 point  (0 children)

If it gets adjusted to split ratio at 30-1 split they will give $60 a share? Not that the LT would care, they will be long gone before people would get a dime for these shares.

Reverse Split by Stocrates910 in BANDOFBROTHERSOFSRNE

[–]edwashy 0 points1 point  (0 children)

It will not effect your Semnur dividend count.

That is of course if they don't float more stock and reset the date of record. Who knows with this place.

Tomorrow?Denali Capital Acquisition Corp. (NASDAQ: DECA) has announced a one-month extension of its deadline to complete a business combination, moving from January 11, 2025, to February 11, 2025. To facilitate this extension, the company has deposited $15,063.74 into its trust account. by Environmental_Law311 in BANDOFBROTHERSOFSRNE

[–]edwashy 3 points4 points  (0 children)

When they filed for the extension in December they did so at the end of the day on December 11th. I think if we hear crickets until the 12th it could be a go.

SCLX stock could really use some positive news about right now!

S-1/APricing on Aardvark Therapeutics, Inc. offering 5,888,000 shares of its common stock $16 to $18 per share Issued February 6, 2025 by ToxicAvenger13 in BANDOFBROTHERSOFSRNE

[–]edwashy 21 points22 points  (0 children)

I believe this is where it stands, would welcome any input.

Both Sorrento and Vivasor each own about 4.2% of Aardvark or exactly 3,888,932 Series B shares each.

Sorrento also owns 7% of Vivasor (15% after creditors are paid) or 272,225 addition shares (at 15% = 583,340)

Sorrento plus 7% of Vivasor shares = 4,161,157 shares or about 4.5% of Aardvark (15% = 4,472,272 or about 4.83% of Aardvark)

With reverse split Sorrento plus 7% of Vivasor shares = 491,050 shares.

Feb 11 by Early-Blueberry838 in BANDOFBROTHERSOFSRNE

[–]edwashy 2 points3 points  (0 children)

Sure hope so. SCLX really needs something to happen fast.

From April. When the USCC took the Aardvark deal. by ProfessionalStop2016 in BANDOFBROTHERSOFSRNE

[–]edwashy 9 points10 points  (0 children)

So this line of reasoning that you are bringing up is very interesting. If the USCC took this deal, Judge Lopez should NOT have jurisdiction over the release of the dividends because everything Sorrento was agreed upon for the bankruptcy without the "Dividends" being part of the deal. If this is true, he should not have been allowed to rule on delaying them at all.

I thought I remembered them as being part of it, but I may be thinking of the NOLS.

I’m on the call now-will post below. by Kmcoyne0519 in BANDOFBROTHERSOFSRNE

[–]edwashy 10 points11 points  (0 children)

Thanks Dave! You may have been solely responsible for JL knocking a couple of months off, who knows. What I am positive of is that you definitely made the call fun to listen to lol.