Humanigen Inc (HGENQ)

[AlrightThen]

Chappel sells 7 mm dollars worth of shares, form 4 filed

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Another sign HGEN is going to $500.

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It was a scheduled sale of less than 3% of his holdings. He still has 13.5 million shares. It's literally insignificant.

You know what is significant?

Inclusion in the Russell 3000 and Russell Micro Cap today and by automatic extension also the Russell 2000, which means ETF's and mutual funds will have to buy.

$500 is a stretch, as that would be a 30 billion dollar market cap. 10-20 billion when Lenzilumab also gets approval for CAR-T therapy? Sure.

3-5 billion MC on EUA approval? Yeah that's possible. A buyout offer in the 5-10 billion range? Sure not too much of a stretch. With the Indian Delta Variant becoming a huge problem we will see more hospitalizations soon.

Here's an interesting article:

https://www.wlwt.com/article/cincinnati-company-researching-new-covid-19-treatment-up-for-fda-emergency-approval/36634216