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EM doesn’t happen immediately at the end of the 5 day window, I’m not sure what timing OTC markets uses. I’ve seen some tickers go EM within 3 days of missing a filing and some much longer then that.
Maybe in HGEN’s case they are being given more time due to how quickly things fell apart? That’s just grasping at straws on my end, but I don’t think anything they are doing though at this moment are any sort of actions a company would take to protect shareholders.
Now that we are well passed the 5 day window for filing that the extension allowed..we should be losing our Market Makers, losing solicited bids, and wallowing in the purgatory of the Expert Market any day now….
Don’t think I have ever seen or heard of a Nasdaq stock fall so quickly from the Nasdaq to the EM…way to go management!
Probably just a way to clean the slate and wipe out shareholders imo…
I hope you’re right! Hopefully your optimism trumps my pessimism haha!
You are correct, nothing really changes for now, unless they miss the deadline for filing before the extension period is up, 15 calendar days I believe.
After that it goes to the purgatory of the EM with no solicited trading. I don’t know of any US brokers that allow buying of EM shares. Brokers usually only allow the closing out of shares.
How this affects any shares that are still short and uncovered? I have no idea…but I don’t see it as anything positive for us.
Anyone get an answer from the Investor Relations in their intent to file? Not sure if they can disclose that anyway….
Yield sign is up on OTC markets…
Not looking good!
200 million shares dumped at the bid after the 10Q…nothing to get excited about. Hell PMPG is still dead and and has a PPS twice as high lol!
Looks like Tony has screwed over another ticker…
Dots are fun to connect… hopefully that’s more than a coincidence!
Hope you are right of course, I’ve seen this game before, not so much in a legitimate company like here, but other stocks on the OTC.
The situation here is different considering where this company was, the potential it has, the issues it struggles through, and the value of the work in research and development.
Fingers crossed that I’m just overreacting!
The requirement is to file timely 10Q’s, it doesn’t matter what the company has going on. Those are required reports by the SEC, if they can’t file by the deadline, they get 15 days to do so before they get off the OTC PINKS onto the expert market.
Their fiduciary duty is to comply with those requirements, when they don’t they screw over the shareholders and they get kicked off the market onto the works with no bids, no market makers, most brokers only allowing closing positions to buyers that no longer exist.
They didn’t check the box that said they would file within 15 days, that tells me they don’t plan too, like I said hope I’m wrong, took a gamble here and it is appearing like it’s time to bail…before the market doesn’t give you a choice.
Again I hope I’m wrong and just reading too much into it!
Getting kicked off the Nasdaq and not fulfilling the basic fiduciary duty to stay listed on the OTC doesn’t bode well for shareholders. Next stop Expert Market…
They could have said they would file within 15 days, from what I read it doesn’t say they will. Game over imo…hope I’m completely wrong of course.
Well shit…didn’t even click the box saying they would file within 15 days…
Lol “the corporate team”
Rand Paul…the politician eye doctor is upset with a career infectious disease expert who has served decades in various administrations without a political agenda. Who dealt with a once in a century pandemic that our government (which Rand and other political hacks) are in control of and flailed about as the disease spread and now second guess those decisions. Decisions based on science and previous knowledge vs made for TV political outrage…that Rand Paul?
Yeah…science isn’t conspiracy, science is evolving and learning from previously known and understood facts, experience a medical doctor would know if they weren’t to busy being a political manipulator of outrage….
I’m at 2,5 million shares now…vote for me when I cash out and fund my own campaign against Rand or other political hacks who harness the power of outrage.
Doesn’t sound like a company that’s closing up shop!
I remember you pumping this when it actually took off, gloated how much you made, then started calling it a scam after you cashed out.
BS, either Tony is a shitty CEO that was way out of his capabilities or he is an idiot.
What kind of CEO takes charge of a company without knowing it’s liabilities?
If those millions in debt exist…where did they come from, Valley High Mining Corp? There has never been a revenue producing company in this shell since then. Even the former CEO was paid in shares not cash.
“No reverse split needed or planned” that’s in bold every time you post the blown out share structure updates and it’s BS, you have no proof of that.
And that doesn’t make any sense at all.
My money is on a buyout, reverse merger, or partnership still. Lenz isn’t getting tossed into a dumpster…
Depends on the intended use. For toll collection, then every time a vehicle passes over it. For data, what’s the data being transmitted? Is the data going to a traffic control function vs every vehicle function? Is it taking in current conditions for data to be disseminated in a different way?
The options are wide open. The technology as it becomes available will just continue to open that up.
Again I’m not the engineer, I’m just an investor who likes the idea and believes the tech is viable. Terrance and PMPG aren’t going to do this themselves…
The battery issue is a non issue that Uber is hung up on. Sure once the tech for a battery becomes readily and financially available and viable it will make the sensors that much more useful with greater variations in what they can do.
What he doesn’t get is (or willing to admit) is that you don’t need millions of sensors in the roads of a city to monetize the data at this point or to have a viable source of communication and data transfer. The idea of millions of sensors will come when the technology makes that viable…he will admit that at least.
Anyway the whole point here was the patents themselves, I question how strong Terrance Berry’s claim to that technology is? We wouldn’t be sitting here dark defunct without a peep from Old Sawmill if there was strength in those patents imo. Who knows though…PMPG could be going in a completely different direction, or it’s completely dead. The last year has me leaning towards the completely dead angle, hope I’m wrong of course!
I can’t imagine how anything can communicate with another stationary device let alone a device in motion. Communication is a two way process of course.
But yeah you are right, I bet someone has to open up the device, remove the ticker tape, take it to the lab for analysis, have it deciphered into a readily readable format and use that data in some sort of way that is relevant. Things like the temperature and humidity averages since the last month they removed the ticker tape could be collected. Maybe it might have a sensor that can tell if it night or daylight? It could collect that information to help us create a calendar? Could you imagine??
Until we have the technology that allow devices to communicate with each other, it would sort of be an electronic version of telepathy I’d assume since I can’t think of any other way at the moment to achieve such futuristic technologies.
Well with all of what’s happened with the BOD and delisting, hopefully they comment directly on what’s been going on.
I just can’t see this just fizzling away in bankruptcy with nothing to show for Lenz. Way to much potential for the drug, there has to be something more but at this point the market doesn’t seem to think so.
My VCR remote chord didn’t need to be miles long. Neither do we need millions of road sensors in a city or even a rural area right now.
It’s all about data gathering at the moment, you don’t seem to get that. You’ve are stuck on some sort of immediate braille system for cars to follow on a track like current road turtles…maybe that’s the future, right now it’s about placement, data gathering, and the monetization of that data.
Forest through the trees my friend.
Still focusing on battery power vs strategic placement for data gathering with readily available power sources.
When battery power becomes available that will only open up the potential for greater use, data gathering, data sharing. my first VCR had a wired remote control.
The 2nd quarter earnings are august 10th? Maybe we will get some clarity with that. Is it a live conference call or will it just be an earnings release?
Right now I’m either digging through Durrants garbage bins looking for some recycling to try and cash in on….or finding treasure at an Estate sale haha.
As I keep buying you might have to see my name listed as one of the top three HGEN share holders in a new disclosure lol.
I’m either a stupid compulsive gambler or a wily penny stock trader…let’s see how I end up.
I was trying to add at the bid all day, wasn’t getting any hits for significant amount of shares, finally gave up and started hitting the ask to get what I wanted.
This will be back over .10 easily I think.
I believe funds don’t hold OTC stocks? Not sure of that but that could explain the high volume dump. Maybe time for retail to lock up the float from the funds?
Cash in the bank? From where? From Pope selling his 6 million shares of PMPG to artificially inflate IJJP financials?
They have no revenue. He is actively soliciting investors via Twitter and even on his own website. The share structure is blown own, unless Pope is using that PMPG money to buy back shares for future investors…that would be a game changer.
But we all know that ain’t happening.
No, but there is value in a publicly traded stock. Reverse mergers are a great play when it comes to the OTC world, HGEN has a great start in that with actual value in something more then just an empty shell for a company to take over.
Yeah maybe no capabilities…but they do have a patent on a valuable drug and a ticker symbol.
Have you read any filings before? Going concern and bankruptcy is always on the table for companies lacking revenue. Humanigen still doesn’t have a commercially viable product in Lenz, it may be viable in the future, and most likely will be, but it ain’t right now. From a disclosure perspective it’s always best to go with the worst case scenario and that’s what the lawyers tell them to do.
There is way more going on in the background if you read between the lines. I read between those lines and bought almost 600k shares yesterday before the close. I rolled the dice like I did after the Kalobios bankruptcy when I bought shares at .30 cents to eventually sell at over $5.
We probably aren’t going to see that again where we are at, but I bet we will see these shares trading at least close to a dollar with any sniff of a plan for someone to take the shell and Lenz to the next level.
Charlatans making money on conning people…IJJP has been nothing but a vehicle for charlatans. Hopefully folks have woken up to this nonsense and will leave charlatans stuck with bags of Popes garbage.
“where are all the pro vaccine people now????”
Still here still never got sick and I spend my working days on airplanes, restaurants, and hotels.
Haven’t known anyone in my industry, my social group, or even neighborhood who developed what you seem to think is common due to vaccines.
Maybe diamond guru 1
Because they don’t have those patents, they belong to Terrance Berry. Tony Hicks thought he could bring Berry and his patents here from PMPG after Hicks failed there and was sent packing from PMPG.
He hasn’t mentioned the patents since he was questioned in the accuracy of his claims…everything including PMPG have been dark now.
It’s blown out because 2.1 of the 2.4 BILION shares are outstanding….that’s blown out and PUMPED and dumped since the reverse split years ago with Popes failed MJ scams.
Share structure is blown out with 90% of the shares outstanding. There is no revenue, there is no funding, additional “investors” are needed and Pope is actively soliciting them.
No serious accredited investor will touch this with the share structure as blown out as it is imo.
Pope will have to reverse split this to get anyone on board, he will also have to explain how the hell his business plan is going to work in generating revenue lol!
Well…considering all the hype that PRDL had with Tony’s attempt to take the patents there and seeing that so far nothing has come of it, maybe there is hope?
Hope is all we have at this point.
Who knows if after all this time and nonsense with Tony and the shell if those patents are actually worth anything? I see the need for the tech, that is the future, but how much value and claim is there to the patent technology?
Hope we find out soon, or at least get current for starters.
Hope…
This happened before back in January, millions of shares (more than 10x avg daily volume) traded before the retail pre-market opened.
Market Makers are playing games letting hedge funds cover their short position (or their own short position) through prearranged agreements probably with management’s consent?
Management needs the hedge funds to move forward, my guess is this a goodwill
gesture to to keep them on board and protecting them from their short position.
But what do I know…I’m just an Ihub trader….
I was right before, I’ll be right again, for the third time and the next BS hyped run that leads to nothing but a game of hot potato and picking pockets.