Humanigen Inc (HGENQ)

[10nisman]

I believe the reason for the sale could be for tax purposes.. because once the company produces revenue, he would be taxed as a percentage of the companies net income. Where as before he was taking advantage of writing off the companies net loses. Now that he is under 20% owner he can use the cost method, and would not be taxed unless he sold shares or received a dividend.

You all really need to take some accounting classes. Nothing better than turning to the Motley Fool for some sound knowledge/advice.