Humanigen Inc (HGENQ)

[shajandr]

LOL - KBIO is insolvent and was in the process of winding down until Shkreli bought 70 percent of the OS and canned the existing management and the entire BOD fled the scene like scalded cats. And now it has virtually no employees (possibly zero employees as of this date). It lists NO MANAGEMENT on the website. It has multiple shareholder lawsuits coming against it, plus an SEC civil suit that will certainly follow.

It has ZERO value. It's unfundable now with Shkreli gone.

KBIO is dead - well it's a zombie - with zero fundamental value - and bankruptcy on the horizon even before the shareholder suit legal fees begin tumbling in. With Shkreli indicted, IF there even was any D&O coverage after Herb Cross and the BOD all resigned on 19 November 2015, the carrier will undoubtedly contest their obligation to pay for the legal defense of Shkreli and anything done under his 'watch'.

So KBIO is dead. All that is left is for the zombie corpse to fall over.

Like SPNG.