Humanigen Inc (fka HGENQ)

[US-JUSTICE]

Chapter 11 protects debtors from creditors to seize assets, harass debtor, after chapter 11, all creditors are not allowed to collect debts from hgenq. ..before chapter 11 debtors had right to force repayment and no way you can just declare bankruptcy and not repay. they even had debtor prisons. and how slavery came to be, debtors who could not repay loans were sold to slavery. and sold off to repay debts. many of the slaves who came to Africa to America were people who owed debts to invading armies and sold as slaves who could not repay debts.

[US-JUSTICE]

Before chapter 11 bankruptcy law after the great depression was to preserve companies from dissolving and shutting down.
Bankruptcy court is mostly to determine if it is 'valid' bankruptcy to not repay debts.
you notice hgenq has NO bank loans as no bank would lend money to this company. the company like most startups if they need money can sell equity, as there is no need to get bank loan as most banks want collateral. or personal gaurantees on loans. because hgenq is a LLC, any debts incurred, owners of the company are not liable for it. even lawsuits against the individuals can only be criminal charges rather than business. if criminal conduct was involved but debts incurred by the company, etc owners of the corporation are not liable.

[cowtown jay]

Thank you very much for providing that information, which did include Board of Director fees for Cheryl and all of the other Board members. But that is not the document I was looking for. I'll post it, when I see it again.

I don't think there is necessarily anything adversarial involved. I did, initially. But Kevin Xie probably coordinated the integration of lenz into the highly enhanced CAR-T platform used by Gracell, and I suspect they are paying license fees to us. I think the BOD resignations were scripted, and designed to disqualify us from NASDAQ. It was in the KBIO playbook.

The recall of my car, which has now been at the dealership for about a month, is going to cost me thousands to repair, and I need good financial news, not more of the same surprises I've been dealing with.

[SorcererGuru44]

Docket 254 was sustained by Judge Shannon on May 21st in reference document 275 which can be seen here:

https://document.epiq11.com/document/getdocumentsbydocket/?docketId=1083368&projectCode=HUM&docketNumber=275&source=DM

I believe the document you are attempting to find is the debtors schedule/ statement of assets originally filed on January 31st and then amended on February 9th and entered as Docket #115 located here:

https://document.epiq11.com/document/getdocumentbycode?docId=4291480&projectCode=HUM&source=DM

It is important to note that document is filled out entirely by Henry Madrid and creditors mentioned may have no basis in fact other than to show the potential liabilities in order to move the Chapter 11 forward from the initial stages.

I have some speculation on why their names no longer appear, but I'd rather keep it to what I can truly see with my eyes.

[cowtown jay]

Management's Objection regarding claims on account of Equity Interest was not what I had hoped it would be. Here is a list of the claimants, in this regard, in case you haven't seen it.

start on pg 19/26
https://document.epiq11.com/document/getdocumentsbydocket/?docketId=1079544&projectCode=HUM&docketNumber=254&source=DM

I mention it because I did not see Cheryl Buxton's name on it. But the list I saw did mention John Hohneker and Kevin Xie. Now, I see none of the three.

https://www.streetinsider.com/Board+Changes/Humanigen+%28HGEN%29+Announces+Resignations+of+Three+Directors%2C+Company+Now+not+Compliant+with+Nasdaq+Rules/21941128.html

Maybe I need SG44's eyes on this, or maybe I need to finish my first cup of coffee. But I think there has to be another version of the list somewhere.

I just find it a little curious. I still believe that we will have a successful conclusion by the time additional information relative to the co-exclusive licensing deal between Sanofi and Novavax is made known.

[cowtown jay]

"...some non existent illegal hidden share scheme."

If a distribution is allowed to existing equity account holders, the identity of those holders will be determined "...(as reflected by DTC and/or the Debtor’s official register of holders of common stock)."

see Allowance, pg 52/85
https://document.epiq11.com/document/getdocumentsbydocket/?docketId=1089767&projectCode=HUM&docketNumber=309&source=DM

I was right to note the significance of the reported float of 192% of our Outstanding Shares, and to assume that total came from the Transfer Agent.

Even the latest version of our antagonist recognizes that there are more shares in our market, than issued by the company, if he thinks we have someone holding 110M shares, and there are another 36M shares out there somewhere.

[US-JUSTICE]

those 110 million shares have control value. and decides who gets paid or have access to the companies bank accounts etc.

[US-JUSTICE]

shares have no financial value other than control value. meaning the guy who owns the 110 million shares controls the chapter 11 filing process and still paying the 4 employees. the guy who still controls the company. even though the shares are technically 'worthless'

[US-JUSTICE]

there is over 119 million shares outstanding
when the stock hit .04 cents and rugged was pulled over 100 million shares was sold between 1 cent and 4 cent..
now who bought all those millions of shares>

[US-JUSTICE]

the ceo or management has the record of all the shareholders on record.
as for who owns the 110 million shares,, the ceo and CFO knows.
how you think dividends are paid to shareholders.
there is shareholder record of date and that info the company has it.
only 36 million of the shares are freely traded or registed to be traded
the 110 million share ownership is private information not disclosed publicly
you cannot buy all the shares of the company in the open market to have control of the company as only 36 million is publicly available to buy so no way anyone can buy all the shares in the open market or exchange to control the company or have any say in corporate matters. even if you own 36 million shares or all the freely traded shares, you still cannot have a seat in the board of directors or no say in the company.

[dloggold]

and who owns 110 mm shares ?
delusion runs wild here

[US-JUSTICE]

white collar crime like corporate embezzlement or political corruption is very hard to investigate or prosecute criminal charges without insider ratting or tips. normally the person just get fired from the job. rather than charged for 'embezzlement'. Today the corruption and embezzlement is in your face and getting more obvious and cannot be ignored like in mexico and country becomes failed state .

[US-JUSTICE]

this entire trial is like watching a play....talking non-sense. with fake bankrupty filing

[cowtown jay]

I'm in the process of reading today's Order issued by the bankruptcy court judge. Taking a break for dinner, so here is the link.

https://document.epiq11.com/document/getdocumentsbydocket/?docketId=1089767&projectCode=HUM&docketNumber=309&source=DM

[US-JUSTICE]

today zero volume
now one guy still owns 110 million shares and
still not sell his 110 million worth less shares?
this is what I call an illiquid market ZERO volume

[dloggold]

not to mention dales insider trading, he should be behind bars to be frank. he benefited abnormally well for an insider

[US-JUSTICE]

you can say management 'embezzled' corporate assets.
corporate embezzlement is grey area in white collar crime, the actions can be legal or illegal.
depending on the circumstance like pay 100x more than market value for services and products. or paying elon musk 56 billion in salary and say it was worth it. and he was paid fairly. and that board of directors approved it. when the ceo tells the board of directors what to do. or how to vote, it's called rigged vote. only one check box. like a shell game, you give three choices. or picks, all picks is same answer. the company is shell company that is now being dissolved and hgenq shares deregistered.either a new company is created and old shareholders may be getting new shares is how some corporate restructiuring occurs to avoid any legal issues.

[US-JUSTICE]

this entire waste of time 6 months chapter 11 was unnecesssary and smoke and mirrors, the hgenq bankrupt company spent over 1 million of company cash in legal fees. in the beginning of the chapter 11 it had 3 million in cash. and only 5 million in 'liabilities' that is not disputed like payament serives 'rendered' or payment for bills completed like rent and taxes. etc.
it was not bankrupt. and could have easily raised 10 million in new equity and continued it's FDA application. but going bankrupt or declaring chapter 11 was the plan from the beginning and buy(steal) the ip asssets for free.

[dloggold]

ok that’s different than some non existent illegal hidden share scheme (s)
the shareholders largest benefactor, dale , already cashed in on his investment. i question his motivation at this moment
like i said earlier the next we hear from durrant will tell us everything we need to know .

[cowtown jay]

Without regulatory approval, or news of a partnership, etc., we're where we are.

[cowtown jay]

Yes, I did.

[dloggold]

let me just say for all practical purposes…
if these guys actually intend to unfold your theory of hidden loaned shares , after a bankruptcy proceeding where they said they were essentially broke, then they will probably have a few three letter agencies lined up
to answer to.
again nothing more than fanciful speculation

[All-Bidness]

Agreed, everything he posts is from another company, with a conspiracy that we are going to merge, be bought out etc. Teran has the asset, management has been missing for years, it's over. 100% over

[dloggold]

and you saw it on this website if i recall?

[cowtown jay]

Actually, dlog, there was data in that regard, which I suspected, at the time, was from our Transfer Agent, to the NASDAQ Hearing Panel.

[dloggold]

jay there is no evidence to support your claims that there will be any share recall nor that the company owns 192% of the shares.
this is made up in your head
i believe you think just because shkreli did it , that these guys will do the same.
its just silly
at least you are no longer talking about the forward split so perhaps there is hope for you

[cowtown jay]

I mention the following should it be worth doing so.

"To me, part of the reason for investing here has always been a stock play, such (as) they executed previously DBA Kalobios."


I've never considered the PPS as reflective of the value of the stock. The value I have always considered was based on the projected value, when management recalls their loaned shares. It is for this reason that I have maintained open sell orders priced at $200.

Therefore, it is not mere ownership of shares that constitute my Equity Claim. My equity claim is based on a stated float that was reported at 192% of the Outstanding Shares, and knowing that excess shares in the market will have to be bought-in, in the event of a recall of the loaned shares, or a merger.

see pgs 4-5/26

"A. Equity Claims
13. The Debtor objects to the Equity Claims identified on Exhibit A to the Proposed Order because such claims relate solely to the mere ownership of equity security interests in the Debtor (as opposed to a claim arising from such ownership). Therefore, the Equity Claims do
not constitute a “claim” within the meaning of section 101(5) of the Bankruptcy Code. "

https://document.epiq11.com/document/getdocumentsbydocket/?docketId=1079544&projectCode=HUM&docketNumber=254&source=DM

Having said the above, I recognize that no recall of the loaned shares has yet been issued, nor has a merger been announced. However, management has to maintain control of a possible distribution to equity holders, even if motion is made to convert the bankruptcy to CH7.

[Preciouslife1]

https://www.upi.com/Health_News/2024/06/18/japan-record-streptococcal-toxic-shock-syndrome/3591718680963/

[US-JUSTICE]

chapter 11 of filing for banktupcy is a very simple basic process.
creditors force you to sell all assets that you own. if the proceeds is less than that is owed. it's the creditors problem
after chapter 11 the corporation or person has no debts. and is cleared.

[US-JUSTICE]

that is how bankruptcy chapter 11 works. after all the assets are sold any if any money is paid to the creditors, in this case, there is no money to pay anyone. less than 1 million so that 40 million 'fake liability' against the assets get nothing as all the money is in some 'trust' fund. funds in at trust are impossible to get out without the approval of the trustee. trust fund have a charter saying how the money is paid out too. but that is if the trustee can be trusted. lots of trust funds, the trustee bills the trust fund like percentage of value of assets or annual 'management fee' and sometimes the management fee is so high after a few years, there is no money in the fund. there is less than $500,000 in the fund if the trustee is billing the fund $200,000/year, plus trust fund expenses all the money is gone in a year.

[US-JUSTICE]

what don't you understand,
the hgenq corporation sold all it's ip assets for nothing.
hgenq has been in DIP debtor in possession means the creditors have seized all assets and auctioned it off to REPAY 'creditor claims' whether those 'disputed' creditor claims are valid was not disputed by hgenq.
and no need to dispute any disputed claim since the creditors get nothing as their is nothing to repay them of any claims they claim. the law suite for the .046/share settlement they are in the same line as the 100 other fake creditor claims.

[cowtown jay]

I don't know what you're talking about, but neither do you. And you're certainly not in position to determine the validity of the claims against the company. The chief invalid claim is that the ACTIV-5 trial did not corroborate the results of the LIVE-AIR trial. The truth is, the ACTIV-5 trial was designed to fail, and failure to meet the endpoint of that trial of late-stage patients, had nothing to do with the successful treatment of the early-stage LIVE-AIR patients. And the class action tort lawyers who brought suit against the company were totally derelict in their duty.

Your reply failed to address the issue I presented in my post. What does that information mean to you?

My concern was in regards to the Liquidation Trustee having sole discretion to declare a distribution to existing equity holders. It seems to me that Humanigen management shares that concern, and their objection still appears to be on tomorrow's docket. I think they intend to safeguard claims of equity interest accounts, not only on shareholders' behalf, but on Humanigen's behalf, as well, since I think they control ~90% of our Outstanding Shares.

https://document.epiq11.com/document/getdocumentbycode?docId=4343828&projectCode=HUM&source=DM

[Preciouslife1]

FDA approves Merck pneumococcal disease vaccine designed for adults https://www.cnbc.com/2024/06/17/fda-approves-merck-pneumococcal-disease-vaccine-designed-for-adults.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard

[US-JUSTICE]

to defend yourself against fake creditor claims would cost additional legal fees and that is itself a legal harassment with false accusations with false claims. In many countries making false charges or lawsuits is illegal. it's considered legal harassment. Trump trial is common political persecution with fake charges and fake blown charges for political gains. the charges or claims of crime or harm by complainant is obviously unreasonable and bogus. and penalty doesn't meet the punishment or fine doesn't justify the CRIME or monetary, or harm the complainant received. that is the symbolism of the lady wearing blind around here eyes and weighs the harm and punishment to carry out justice, an eye for an eye. or the PUNISHMENT must equal the HARM done. or using the balance scale of justice. your weigh the harm or real harm and give a sentence. that is 'reasonable' and 'fair' without biases or prejudice. or the law is blind

[US-JUSTICE]

in most cases, it's much easier to just declare chapter 11 or bankruptcy for man companies or individuals than object to fake creditor claims.
in bankruptcy, some people just sell all their assets before declaring bankruptcy or transfer all assets to another country then go to court to dispute fake claims like 100 million dollar fine for 'defamation' in social media CRIME. the judge who gave the $100 million fine knows the fine was just a token that the accused is guilty and complainant won't get a dime of her 'complaint' that she was wronged or harm in CIVIL COURT and get this clown case out of he court and stop wasting the gov't and judge time is this bogus trial.

[cowtown jay]

"Docket # 254
Filed May 03 2024
First Omnibus Objection to Claims //Debtor's First Omnibus Objection (Non-Substantive) to Claims on Account of Equity Interests. Filed by Humanigen, Inc.. Hearing scheduled for 6/13/2024 at 10:00 AM at US Bankruptcy Court, 824 Market St., 6th Fl., Courtroom #1, Wilmington, Delaware. Objections due by 5/17/2024. (Attachments: # (1) Notice # (2) Exhibit 1 # (3) Exhibit 2) (Forshay, Shannon)
Case Number 24-10003 Humanigen, Inc."

4th tab
https://dm.epiq11.com/case/humanigen/dockets

[cowtown jay]

Always best to remain up to date. But prior to the years I spent here, I spent years in another company, where the SEC totally abused their discretionary authority, as they likely did here, and as NIAID/NIH, and the FDA definitely did. And the much more extensive research I did in the other company showed just cause to a judge to grant me subpoena power, which I used. So time I don't have to spend in the weeds, because of research from people like you, is very much appreciated.

So I assume the Omnibus Hearing and the Governmental Bar Date, whatever those are, are likewise delayed.

Like I see you did, I credited US-JUSTICE for his valid points, but he then tends to get sidewise in keeping with what I suspect is his agenda, and it only diminishes whatever credibility he had. The government's abuse of discretionary authority is one thing, when the SEC uses it to fund recipients of government largesse from the Treasury Dept. The abuse of discretionary authority by NIAID, the NIH, and the FDA, causes the preventable loss of life, and that is a worthy cause to fight.

[SorcererGuru44]

This is the first post I have read from you with a legitimate substance to it surrounding the company and the stock. Unfortunately, you had to do it while also being rude to another person....which I honestly just don't understand.

Anyway, I believe you are correct about the hearing date change which can be seen at the site I posted. I had not mentioned the postponement prior because the only place that actually said those words was the Delaware bankruptcy court calendar page which stopped working for our presiding judge within hours of the alteration (go figure) and I hadn't taken a screenshot.

[SorcererGuru44]

Thank Jay.

I've been a long-time stockholder and board reader prior to posting, and have done my due diligence and best to remain up to date.

[cowtown jay]

I really appreciate when other stockholders, such as SorcererGuru44, contribute valuable research. I've been following this company since 2015, invested since it became Humanigen in 2017, and I have previously said that I have had my fill of legal boilerplate. I'll take the CliffNotes version, with links, anytime.

[US-JUSTICE]

https://dm.epiq11.com/case/humanigen/dockets

Cowtown is either paid troll or stock 'cheerleader' . because if he was that dedicated and did his 'homework' and due diligence to this ticker he would know that the hearing for june the 13 was cancelled and postponed to june 18,2024
the guy would not waste time reading the over 300 documents. which 3/4 of it's just adminstrative filings that nobody reads it. only 10 documents is of any relevancy to this case.
hgenq as a BANKRUPT company somehow spent over 3 million in the last two years in legal fees and company has only 4 employees.
you be surprise who many people would just buy $20,000 of a stock and don't even read the SEC reports of a company and call that an 'investment' people spend more time shopping around for a $300 air conditioner than a $10,000 investment

[cowtown jay]

I wish there was news. I've been wishing for news ever since we filed our topline data from the LIVE-AIR trial in March of 2021, just one year after covid hit our shores. That was an incredible achievement, especially for a small-cap biotech. Lenz could have saved the lives of many who were lost; it could have improved the quality of life in patients that couldn't be saved; and it could also have improved the quality of life of those of us who invested here. I think management is steadfast in their effort to achieve success, and I owe them support in their quest.

[All-Bidness]

6/13 has come and gone where's this "news"?

[cowtown jay]

That's actually good to know, SorcererGuru44. Sanofi may not be quite ready to spinoff until next quarter, which, as you said, "...may or may not mean anything to us."

Appreciate your research.

[SorcererGuru44]

I have only found information regarding Dundon Advisers becoming the liquidating trustee in one other chapter 11 liquidation case.

I believe there are at least a few more, I just cannot find additional info on them. The one I am able to research is still in business, they are still the liquidating trustee, and they seem to be doing alright - at least based on the minimal filings I was able to review from the past few months.

That may or may not mean anything to us. Just interesting to point out.

[cowtown jay]

Management dutifully reported the clinical safety and efficacy results of lenz in treating/preventing CMML in the PREACH-M study, as well as the outstanding Hazard Ratio of 2.54, as determined by the Thorax peer review of the LIVE-AIR trial for covid.

The IP was devalued by the NIAID/NIH ACTIV-5/BET-B trial design and orchestrated results.

https://ir.humanigen.com/English/news/news-details/2022/Humanigen-Receives-Preliminary-Topline-Data-From-NIHNIAID-Study-of-Lenzilumab-in-ACTIV-5BET-B/default.aspx

So the issue is not my claiming an overstated value of the IP in the billions. That was, is, and will be the value.

You have shown no interest in the real issue that decimated the value of this life-saving therapeutic, nor in the willful/criminal negligence of the NIAID/NIH and FDA, which continues to permit the preventable loss of life. I don't understand why you wouldn't want to give this issue serious attention, and quit wasting your ability.

[US-JUSTICE]

Before the 1930's, most policing was the city level. there was no FBI for federal crimes. and no SEC, SEC has failed Americans in such things as investment fraud as crimes in the market and exchange requires expertise in the inudstry. And it's easier to corrupt local judges and police than some out of state agency like the FBI as FBI staff changes all the time and much bigger unlike local police or local judges. Even the hiring and appointment of judges in the local level is corrupt or nepotism or based on 'loyalty' rather than credentials and much easier to corrupt or bribe local gov't than federal gov't

[US-JUSTICE]

Board of directors fudiciary failure like the board of directors in Tesla actually 'approved' paying Elon 45 billion salary because if they don't he'll quit.?
the board of directors were forced or bribed to vote yes. to elons 45 billion. now this is in very high profile real company not a penny stock, now if these people can be that corrupt in tesla and run the company like some penny stock... they even got the media outlets all bribed to not critize elon's corporate embezzlement of 45 billion as not illegal or wrong.

[US-JUSTICE]

The fact is the ip asset you claim to be worth billions or worth anything was sold for nothing or zero value in a rigged auction. nobody could be for it. and the company didn't solicit any bids in the 6 months it claimed to have marketed the assets to interested buyers.

[cowtown jay]

I actually believe that our likelihood of success is MORE realistic now than it has ever been. Sanofi is a behemoth, and 100% capable of meeting all of our manufacturing and other CMC requirements. Even more, they have 77 projects in their active pipeline, to include therapeutic development for:

Immunology & Inflammation
Neurology
Oncology, and
Rare Diseases

I think lenz could be market-dominant in all these areas.

So there are numerous opportunities for lenz to enhance or replace the therapeutics that are already in these many clinical trials. Some of these trials are for the same indications that lenz, and Ifab, are already being developed for, such as AML, (CMML for us) GvHD, and solid tumors.

https://www.sanofi.com/en/our-science/our-pipeline

And I'm hoping that Dubovsky can help us capture foreign regulatory approval and commercialization of lenz for covid through the vast network Novavax has worldwide. In fact, Novavax is current with domestic competitors for the 2024-2025 vaccine year, and they will again have the only non-mRNA vaccine in the US.

So when the Milestone Events were amended to be significantly expanded, I think much of this increased opportunity will stem from our role in the Sanofi/Novavax entity that will follow Sanofi's spinoff.

I eagerly await a Press Release in these matters, and I look forward to the recall of our loaned shares