Humanigen Inc (HGENQ)

[shajandr]

Look, any failed wannabe private investigator or Non-Commissioned Security Officer (aka night watchman/Wal-Mart greeter) can come up with whatever phantasmagoric fever dreams they wish about KBIO.

Butt reality is always gonna be reality.

And fantasy dreams are nothing butt a straight-up damned waste of everyone's time.

The FACT is that KBIO knew of Marty's indictment prior to the closing of the $8M PP and they failed to fulfill their obligation to disclose that material fact (as Marty was KBIO CEO at the time) AND failed to amend the PP agreement/memorandum prior to the closing. Federal indictment of the CEO is pretty damned material.

It's a pretty simply set of facts. In addition to reps and warranties, there is a general obligation of a company selling a security to disclose all material information prior to closing, especially any material changes between the last PP memorandum/agreement/amendment and the closing date and time.

Butt I'm shure some Barney Fife wannabe will see black helicopters dropping chupacabras onto the UFO hovering over KBIO.