Thursday, August 27, 2020 11:30:28 PM
https://twitter.com/princetongb/status/1299140313806766081?s=21
$HGEN unlikely to provide any positive updates until they have enough authorized stock to meet the CEO's (and others) desire to convert options (CEO agreed to delay). 20-days post Notice of Action mailing August 14. How do you grant options for stock you don't have? Legal?
And, is it unusual to promote an $HGEN NASDAQ uplist when said co's finances are in disorder? Were there official deficiency notices from NASDAQ? And, where's the Board on this?
Looks like $HGEN news will be timed now for share authorization?
And, $HGEN share authorization done in compliance with Delaware law versus Nasdaq requirements - executive could receive options below min market price? Lots of stuff for lawyers to look into here. A primed insider payout coming? $HGEN
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