Humanigen Inc (HGENQ)

[cowtown jay]

Of the 525M additional shares, 110M would likely remain Authorized, not Issued, giving us 20% headroom. Current headroom of 40M + 110M = 150M = 20% of 750M. Outstanding = 600M.

We currently have 209M shares Outstanding.

600M - 209M = 310M increased Outstanding available


We apparently need more than 40M shares to meet unfunded obligations, so let's say we need 60M for that.

310M available -60M = 250M available


If we have two institutions wanting 10% stakes = 120M

250M - 120M = 130M Outstanding available.


How long before we start generating revenue? What might Morris have on his shopping list? How much will new retail investors want? It looks like we have 130M shares to handle that.

Equity funding to date has been high, but we have very little debt, and look at what we have accomplished.