Humanigen Inc (HGENQ)

[jimmy667]

It may have been done to enrich favored hedge funds.
That lends evidence to my belief that that HGEN is an actual pump and dump scheme. The most telling is that the hedge funds buying the dilution stock offering were allowed to short HGEN stock before the offering with foreknowledge of the offering and after. So the secondary offerings allowed those hedge funds to cover short sales with shares issued at a lower price. Preplanned but unfortunately legal. Also these hedge fund buyers are free to continue to short the stock and will likely cover again at even lower prices in the next offering. That has been that HGEN's CEO's MOA at previous companies. A true pump and dump pro.