Humanigen Inc (HGENQ)

[Corundum]

I like that theory, but also believe Nomis management has three other possible/probable objectives:

1. rebalancing the portfolio: Nomis is an investment fund for a small number of rich investors. HGEN has become over 15% of the fund (was over 20%). Manager is slowly booking huge profits from HGEN and diversifying the portfolio.

2. Sales may be to fund minor withdrawal requests from individual members for cash flow needs (lower probability).

3. Manager is entitled to bonuses along the way, and is selling enough to pay out his salary and bonuses. He is trying to pay out the bonuses on a timely but conservative way so that he can possibly reinvest his own funds into HGEN before it gets an EUA and the price explodes (higher probability).