Jun. 29 at 7:01 AM
$SCLX We have been hearing about the shorts for years. Maybe it's time to take the company private and pay Sorrento shareholders the money that belongs to them instead of continuing to find excuses.It has been almost four years, and Henry Ji has continued collecting his salary and benefits while remaining in charge of more than four companies that previously belonged to Sorrento shareholders. He separated those assets from Sorrento, clawed back half of the Scilex dividend shares, carried out a 30-for-1 reverse split, and then issued Semnur dividend shares.
As a result, Sorrento shareholders were left with almost nothing. For example, an investor who originally owned 20,000 shares of Sorrento ended up with only about 102 Semnur shares and 102 Scilex shares. The Scilex shares were locked when they were valued at around
$10 per share, preventing shareholders from selling them at that price. By the time they were eventually able to trade, the value had significantly declined
