Humanigen Inc (HGENQ)

[cowtown jay]

Engr and PITrader and MWM

PITrader

While true that increasing the Authorized would make a stock split possible, what the majority has approved is the option to do a reverse split. Also, on this venue, I think that a large increase in the Authorized will negatively impact the PPS. It may not be much, and it may not last very long, but in the immediate time, I think it could hurt, and that it could lessen shareholder, or potential shareholder, enthusiasm.

Engr

In terms of your preliminary thoughts

"1) The board is authorizing new shares to defend against a hostile takeover or change in control/management"

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=157276314

that is the one most closely aligned with my preliminary thinking

"I could see the Authorized being increased if the company was approached by an entity wanting to make a much larger purchase than we can currently accommodate. If that was the case, I suspect the company may have received a tender offer, which they have refused. Increasing the Authorized would allow for some negotiation to take place."

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=157275790

Mine is the friendly version of what you suggest.

Either way, it would cause an increase in the outstanding shares. That is dilutive, either way. But would we be upset with a headline which read:

"Engr and cowtown acquire 40% of HGEN for $40 per share. The two dashing gentlemen have..." well, you get the gist.

MWM

Wasn't it you that posted the NIH news that was issued by the FDA?