Humanigen Inc (HGENQ)

[cowtown jay]

We're going in circles on this subject.

"What did the company or its executives do from Nov 17 - Dec 18, that could have justified Nasdaq's failure to give the company the 60 days they were provided by law to regain compliance?

What justification was there for the halt? Was it to prevent financing that may have been provided by the majority owners? And just where would the majority owners get the funds to make such loans?

I found it rather curious (to say the least) that the 13D, required on Nov 16th, included the following.

"The Reporting Persons...reserve the right to dispose of any or all of their shares of Common Stock in the open market or otherwise, at any time and from time to time, and to engage in any hedging or similar transactions with respect to the Securities."

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=119552839

So as I said, Shkreli "probably thought he had at least a little more time to prepare. It would have been difficult to anticipate that Nasdaq would expedite their delisting effort, and issue a trading halt as well."