Humanigen Inc (HGENQ)

[PITrader87]

The company could have raised the exact same amount of money leaving the controlled offering in place and not saying a word. Think about it, they definitely could have raised the $100 million with the controlled offering at a higher PPS without giving up as many shares as they will now. The only people benefiting here are the investment banks who didn't have to take on the risk of investing through top-line data like we did, and they now get the option for shares WAY below recent highs. For what? Good Graces? Some high PTs on analyst reports that clearly no one cares about?

Like I said in a previous post, management explicitly said in a previous webinar that they had enough of a cash runway with the Hercules loan, which is why I flipped 0 shares during Monday's run. This is the first time I feel management has mislead investors in my time watching the company. I still love the potential, but this has been an incredibly disappointing week to say the least.

I refuse to just hope, assume, and guess why this could be a positive sign. An explanation from the company is in order.