Humanigen Inc (HGENQ)

[Avoid]

03/30/2016 +50% ?? 44 ??

03/29/2016 +50% ?? 29 ??

03/28/2016 +50% ?? 19 ??

Date Open High Low Close Volume Change Change % Adj. Close
03/24/2016 7.24 13.99 7.24 12.60 232.71k 4.31 51.99% 12.60
03/23/2016 4.56 9.00 4.49 8.29 152.72k 3.80 84.63% 8.29
03/22/2016 3.50 4.50 2.80 4.49 84.42k 1.24 38.15% 4.49
03/21/2016 2.35 3.25 2.30 3.25 52.76k 0.90 38.30% 3.25

Court-filed documents continue, “In the event that definitive Loan Documents are not signed by the Debtor and the Lender on or before April 7, 2016 or the Bankruptcy Court fails to enter the DIP Order by April 29, 2016, then the Debtor’s obligations with respect to the ‘Breakup Fee’ shall terminate and be of no further force or effect

Mar 22 2016 - Black Horse Capital LP, a North Carolina-based hedge fund, is the stalking horse investor who will make $10M bid

[A stalking horse bid is basically an attempt by a bankrupt company to determine the market price for its assets before an auction takes place. The stalking horse bidder, chosen by the company, makes the first offer.]

MARCH 24, 2016 - As previously reported, “[W]e are pleased to submit the following amended letter and attached amended term sheet for debtor-in-possession financing in the principal amount of $3,000,000 and exit financing in the principal amount of $11,000,000 to KaloBios Pharmaceuticals.” $14M bid